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Western Digital (WDC) Stock Price, News & Analysis

$68.47
-1.70 (-2.42%)
(As of 03:45 PM ET)
Today's Range
$68.45
$70.72
50-Day Range
$53.39
$73.90
52-Week Range
$31.97
$76.92
Volume
3.42 million shs
Average Volume
6.96 million shs
Market Capitalization
$22.31 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$72.61

Western Digital MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
6.7% Upside
$73.17 Price Target
Short Interest
Healthy
4.92% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
0.54mentions of Western Digital in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$218,453 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.31) to $6.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.29 out of 5 stars

Computer And Technology Sector

267th out of 587 stocks

Computer Storage Devices Industry

4th out of 5 stocks

WDC stock logo

About Western Digital Stock (NASDAQ: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, industrial, and connected home applications. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; and data storage platforms. In addition, it offers external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field backup of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the Western Digital, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

WDC Stock Price History

WDC Stock News Headlines

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Silicon Motion Technology Co. (NASDAQ: SIMO) is a fabless semiconductor company in the computer and technology sector specializing in designing and developing
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Japanese leader visits new chip factory, stressing ties with Taiwan and support for key technology
Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than 1 trillion yen ($7 billion) of support to secure a steady supply of chips on Saturday
2 Data Storage Device Stocks Thriving From the AI Boom
The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector. The obvious benefactor and leader of the AI wave is Nvidia Co. NASDAQ: NVDA, with its 90% market share of GPUs.
2 Data Storage Device Stocks Thriving From the AI Boom
The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector.
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Western Digital (WDC) Scheduled to Post Earnings on Thursday
Seven Places You Should Never Use WD-40
See More Headlines
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Company Calendar

Last Earnings
1/29/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:WDC
CUSIP
95810210
Employees
53,000
Year Founded
1970

Price Target and Rating

Average Stock Price Target
$72.61
High Stock Price Target
$100.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
19 Analysts

Profitability

Net Income
$-1,706,000,000.00
Pretax Margin
-19.58%

Debt

Sales & Book Value

Annual Sales
$12.32 billion
Book Value
$33.90 per share

Miscellaneous

Free Float
324,948,000
Market Cap
$22.64 billion
Optionable
Optionable
Beta
1.57

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Key Executives


WDC Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Digital stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WDC shares.
View WDC analyst ratings
or view top-rated stocks.

What is Western Digital's stock price target for 2024?

19 Wall Street research analysts have issued 1-year price objectives for Western Digital's stock. Their WDC share price targets range from $45.00 to $100.00. On average, they anticipate the company's stock price to reach $73.17 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for WDC
or view top-rated stocks among Wall Street analysts.

How have WDC shares performed in 2024?

Western Digital's stock was trading at $52.37 at the beginning of the year. Since then, WDC shares have increased by 31.0% and is now trading at $68.60.
View the best growth stocks for 2024 here
.

When is Western Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our WDC earnings forecast
.

How can I listen to Western Digital's earnings call?

Western Digital will be holding an earnings conference call on Thursday, April 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) released its earnings results on Monday, January, 29th. The data storage provider reported ($0.69) earnings per share for the quarter, beating analysts' consensus estimates of ($1.30) by $0.61. The data storage provider earned $3.03 billion during the quarter, compared to analyst estimates of $3 billion. Western Digital had a negative trailing twelve-month return on equity of 19.45% and a negative net margin of 19.90%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.69) EPS.
Read the conference call transcript
.

What guidance has Western Digital issued on next quarter's earnings?

Western Digital updated its third quarter 2024 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of -0.100-0.200 for the period, compared to the consensus earnings per share estimate of -0.420. The company issued revenue guidance of $3.2 billion-$3.4 billion, compared to the consensus revenue estimate of $3.1 billion.

What is David Goeckeler's approval rating as Western Digital's CEO?

70 employees have rated Western Digital Chief Executive Officer David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Western Digital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Digital investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Netflix (NFLX), Visa (V), QUALCOMM (QCOM) and Gilead Sciences (GILD).

Who are Western Digital's major shareholders?

Western Digital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.76%), Portman Square Capital LLP (0.00%), Sound Income Strategies LLC (0.02%), Czech National Bank (0.02%), Banque Cantonale Vaudoise (0.01%) and Gulf International Bank UK Ltd (0.01%). Insiders that own company stock include Gene M Zamiska, Kimberly Alexy, Lori S Sundberg, Paula A Price, Robert Soderbery and Srinivasan Sivaram.
View institutional ownership trends
.

How do I buy shares of Western Digital?

Shares of WDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Western Digital have any subsidiaries?
The following companies are subsidiares of Western Digital: Amplidata N.V., Arkeia Software, Crag Technologies, EasyStore Memory Limited, Fusion-io (Beijing) Info Tech Co. Ltd, Fusion-io LLC, Fusion-io Poland SP.Z.O.O., Fusion-io Singapore Private Ltd, HGST, HGST (Shenzhen) Co. Ltd., HGST Consulting (Shanghai) Co. Ltd., HGST Europe Ltd., HGST Japan Ltd., HGST Malaysia Sdn. Bhd., HGST Netherlands B.V., HGST Singapore Pte. Ltd., HGST Technologies India Private Limited, HGST Technologies Malaysia Sdn. Bhd., HICAP Properties Corp., Kazan Networks, Keen Personal Media Inc., Kioxia, Komag, Pacifica Insurance Corporation, Prestadora SD S. de R.L. de C.V., Read-Rite Philippines Inc., SanDisk, SanDisk (Cayman) Limited, SanDisk (Ireland) Limited, SanDisk 3D IP Holdings Ltd, SanDisk B.V., SanDisk Brasil Participações Ltda., SanDisk C.V., SanDisk China LLC, SanDisk China Limited, SanDisk Flash B.V., SanDisk France SAS, SanDisk GmbH, SanDisk Holding B.V., SanDisk Hong Kong Limited, SanDisk India Device Design Centre Private Limited, SanDisk Information Technology (Shanghai) Co. Ltd., SanDisk International Holdco B.V., Sandbox Expansion LLC, SiliconSystems, Stec's, Tegile Systems, Upthere, VeloBit, and Virident Systems.
Read More
This page (NASDAQ:WDC) was last updated on 4/18/2024 by MarketBeat.com Staff

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