Western Digital Corporation (WDC)

NASDAQ: WDC · Real-Time Price · USD
60.77
-1.84 (-2.94%)
Sep 6, 2024, 4:00 PM EDT - Market closed
-2.94%
Market Cap 20.87B
Revenue (ttm) 13.00B
Net Income (ttm) -852.00M
Shares Out 343.45M
EPS (ttm) -2.61
PE Ratio n/a
Forward PE 7.73
Dividend n/a
Ex-Dividend Date n/a
Volume 3,937,951
Open 62.15
Previous Close 62.61
Day's Range 60.00 - 62.52
52-Week Range 35.62 - 81.55
Beta 1.38
Analysts Buy
Price Target 85.60 (+40.86%)
Earnings Date Oct 28, 2024

About WDC

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, ... [Read more]

Sector Technology
Founded 1970
Employees 53,000
Stock Exchange NASDAQ
Ticker Symbol WDC
Full Company Profile

Financial Performance

In 2024, WDC's revenue was $13.00 billion, an increase of 5.56% compared to the previous year's $12.32 billion. Losses were -$852.00 million, -50.12% less than in 2023.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for WDC stock is "Buy." The 12-month stock price forecast is $85.6, which is an increase of 40.86% from the latest price.

Price Target
$85.6
(40.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Nvidia, Western Digital And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed lower during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.

Other symbols: NVDAEAROL
3 days ago - Benzinga

Western Digital Corporation (WDC) Citigroup 2024 Global TMT Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Citigroup 2024 Global TMT Conference Call September 4, 2024 7:30 AM ET Company Participants Wissam Jabre - Executive Vice President & Chief Financial Officer ...

4 days ago - Seeking Alpha

Western Digital stock price forecast: Is it a buy after the recent dip?

On Tuesday analysts at Citi updated their outlook on Western Digital, highlighting the positive shift in the solid-state drive (SSD) market. As per Citi's revised forecast, SSD revenue is expected to ...

12 days ago - Invezz

Western Digital: Positive Move To Spin-Off Flash Memory

Western Digital plans to spin off its Flash memory business in H2 2024, potentially merging it with Kioxia. The company's HDD segment has a stronger market position and higher profitability than its F...

13 days ago - Seeking Alpha

Thailand approves Western Digital's $693 mln investment project

Thailand has approved Western Digital's investment project worth 23.5 billion baht ($693 million) to expand its hard disk drive production base in the country, Thailand's Board of Investment (BOI) sai...

14 days ago - Reuters

Western Digital to Participate in Upcoming Investor Conferences

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced management participation in the following upcoming investor conferences: Event: Citi's 2024 Global TMT Conference...

18 days ago - Business Wire

Western Digital: A Great Dip To Buy (Rating Upgrade)

Western Digital has fallen sharply after posting strong Q4 results, largely sympathizing with Intel's declines. Western Digital itself, however, is experiencing a surge in memory orders and healthy pr...

4 weeks ago - Seeking Alpha

Western Digital, Udemy, Teladoc Health And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Thursday.

Other symbols: TDOCUDMY
5 weeks ago - Benzinga

Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript

Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript

5 weeks ago - Seeking Alpha

Western Digital sees first-quarter revenue below estimates on weak demand for data storage products

Western Digital Corp forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling a slower-than-expected recovery in the company's data storage products.

5 weeks ago - Reuters

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal fourth quarter and fiscal year 2024 financial results. “Our fourth quarter and fiscal year 2024 results are...

5 weeks ago - Business Wire

Western Digital: A Buy-The-Dip Opportunity Ahead Of Q4 Earnings

We preview Western Digital's upcoming Q4 earnings report set for July 31. The company is delivering profitable growth ahead of its planned flash business spin-off later this year. The recent selloff m...

6 weeks ago - Seeking Alpha

Western Digital to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on July 31, 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2024 financial results after the market closes on Wednesday, July 31, 2024. ...

2 months ago - Business Wire

Western Digital: Value To Be Unlocked With Flash Spinoff

Western Digital stock has surged over 50% year to date, driven by hopeful investors anticipating increased valuation after the company spins off its flash unit later this year. The timing is opportuni...

2 months ago - Seeking Alpha

Super Micro and Nvidia lead the S&P 500 this year. These stocks follow.

This has been a very good year for the stock market as a whole, although the performance of broad U.S. indexes also underscores how important the weighting of an index can be.

2 months ago - Market Watch

Nine hot stocks, including Nvidia, that have become more attractive by this critical metric

Exactly a month ago, we pointed out that although Nvidia Corp.'s stock had risen 553% from three years earlier, its forward price-to-earnings valuation had declined. With so much in flux, as analysts ...

Other symbols: NVDAGEMUNFLXPGRRCLSTX
2 months ago - Market Watch

After 50% Gains This Year Will AI Demand Continue To Drive Western Digital Stock Higher?

Western Digital (NASDAQ: WDC) has seen its stock price surge over 55% this year, while its peer Seagate (NASDAQ: STX) saw over 25% gains. The rise in WDC stock lately can be attributed to higher deman...

2 months ago - Forbes

Western Digital Introduces New AI Data Cycle Storage Framework to Help Customers Capture the Value of AI

SAN JOSE, Calif.--(BUSINESS WIRE)--Fueling the next wave of AI innovation, Western Digital (NASDAQ: WDC) today introduced a six-stage AI Data Cycle framework that defines the optimal storage mix for A...

3 months ago - Business Wire

Western Digital Corporation (WDC) Bank of America 2024 Global Technology Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Bank of America 2024 Global Technology Conference June 4, 2024 1:40 PM ET Company Participants Jasmine Nouri - IR Manager Wissam Jabre - EVP and CFO Conferenc...

3 months ago - Seeking Alpha

Western Digital to Present “New Era of NAND”

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced that on Monday, June 10, 2024, at 1:00 p.m. Pacific / 4:00 p.m. Eastern, Robert Soderbery, Executive Vice Preside...

3 months ago - Business Wire

Western Digital Corporation (WDC) TD Cowen 52nd Annual Technology, Media & Telecom Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 9:05 AM ET Company Participants Peter Andrew - VP, Financial Planning and Analyst and...

3 months ago - Seeking Alpha

Western Digital Corporation (WDC) Goldman Sachs Global Semiconductor Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Goldman Sachs Global Semiconductor Conference May 29, 2024 3:20 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - CFO Conference Call Participan...

3 months ago - Seeking Alpha

Western Digital Corporation (WDC) JPMorgan's 52nd Annual Technology, Media & Communications Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) JPMorgan's 52nd Annual Technology, Media & Communications Conference May 20, 2024 8:00 AM ET Company Participants Wissam Jabre - CFO Peter Andrew - IR Confere...

3 months ago - Seeking Alpha

Nvidia And Tech Stock Paradoxes With Joe Albano

Joe Albano discusses how he quantifies tech stocks, specifically Nvidia. Why charts don't owe fundamentals anything.

4 months ago - Seeking Alpha

Western Digital Corporation (WDC) Q3 2024 Earnings Call Transcript

Start Time: 16:30 January 1, 0000 5:04 PM ET Western Digital Corporation (NASDAQ:WDC) Q3 2024 Earnings Conference Call April 25, 2024, 16:30 PM ET Company Participants David Goeckeler - CEO Wissam Ja...

4 months ago - Seeking Alpha