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NASDAQ:WDC

Western Digital Stock Forecast, Price & News

$48.48
+0.76 (+1.59 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$47.64
Now: $48.48
$49.01
50-Day Range
$37.03
MA: $41.35
$47.72
52-Week Range
$27.40
Now: $48.48
$72.00
Volume4.68 million shs
Average Volume5.95 million shs
Market Capitalization$14.75 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.49
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; 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; flash-based memory wafers; and embedded storage solutions and flash products. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions, including HDDs and drive configurations for use in data storage systems and tiered storage models; and data storage platforms and systems. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and still and action video cameras; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up 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 G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, resellers, and retailers. It operates in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
Western Digital logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.20 out of 5 stars


Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:WDC
CUSIP95810210
Phone408-717-6000
Employees63,800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.74 billion
Cash Flow$8.99 per share
Book Value$31.87 per share

Profitability

Net Income$-250,000,000.00

Miscellaneous

Market Cap$14.75 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$48.48
+0.76 (+1.59 %)
(As of 12/3/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Western Digital (NASDAQ:WDC) Frequently Asked Questions

How has Western Digital's stock price been impacted by COVID-19?

Western Digital's stock was trading at $45.14 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WDC shares have increased by 7.4% and is now trading at $48.48.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Western Digital?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 7 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Western Digital
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Western Digital?

Wall Street analysts have given Western Digital a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Western Digital wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Western Digital
.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) posted its quarterly earnings data on Wednesday, October, 28th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.31. The data storage provider had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.83 billion. Western Digital had a positive return on equity of 6.72% and a negative net margin of 1.49%.
View Western Digital's earnings history
.

How often does Western Digital pay dividends? What is the dividend yield for Western Digital?

Western Digital announced a quarterly dividend on Thursday, February 13th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.50 per share on Friday, April 17th. This represents a $2.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, April 2nd.
View Western Digital's dividend history
.

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

Western Digital updated its second quarter earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of $0.40-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.64. The company issued revenue guidance of $3.75-3.95 billion, compared to the consensus revenue estimate of $3.86 billion.

What price target have analysts set for WDC?

27 brokerages have issued twelve-month price targets for Western Digital's shares. Their forecasts range from $40.00 to $101.00. On average, they expect Western Digital's share price to reach $62.66 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
View analysts' price targets for Western Digital
.

Are investors shorting Western Digital?

Western Digital saw a decline in short interest in October. As of October 30th, there was short interest totaling 7,990,000 shares, a decline of 25.8% from the October 15th total of 10,770,000 shares. Based on an average daily trading volume, of 6,100,000 shares, the short-interest ratio is currently 1.3 days.
View Western Digital's Short Interest
.

Who are some of Western Digital's key competitors?

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 key executives?

Western Digital's management team includes the following people:
  • Mr. David V. Goeckeler, CEO & Director (Age 58, Pay $4.58M)
  • Mr. Robert K. Eulau, Exec. VP & CFO (Age 58, Pay $1.77M)
  • Dr. Srinivasan Sivaram, Pres of Technology & Strategy (Age 60, Pay $1.52M)
  • Mr. Michael Charles Ray, Chief Legal Officer, Exec. VP & Sec. (Age 52, Pay $1.67M)
  • Ms. Lori Sundberg Sundberg, Exec. VP & Chief HR Officer (Age 56, Pay $1.09M)
  • Mr. Sean Hunkler, Exec. VP of Global Operations (Age 58)
  • Mr. C. Wesley M. Scott, Chief Investment Officer
  • Mr. Gene M. Zamiska, VP of Global Accounting & Chief Accounting Officer (Age 58)
  • Mr. T. Peter Andrew, VP of Investor Relations
  • Mr. David Tang, Sr. VP of Corp. Marketing (Age 55)

What is Western Digital's stock symbol?

Western Digital trades on the NASDAQ under the ticker symbol "WDC."

Who are Western Digital's major shareholders?

Western Digital's stock is owned by a variety of retail and institutional investors. Top institutional investors include DNB Asset Management AS (1.40%), Boston Partners (1.36%), Arrowstreet Capital Limited Partnership (1.21%), Menora Mivtachim Holdings LTD. (1.05%), Charles Schwab Investment Management Inc. (0.71%) and First Trust Advisors LP (0.70%). Company insiders that own Western Digital stock include Lori S Sundberg, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano and Stephen D Milligan.
View institutional ownership trends for Western Digital
.

Which major investors are selling Western Digital stock?

WDC stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Robeco Institutional Asset Management B.V., Cubist Systematic Strategies LLC, KBC Group NV, Raymond James & Associates, Grassi Investment Management, Worldquant Millennium Advisors LLC, and Chartwell Investment Partners LLC. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Michael Charles Ray, Michael D Cordano, and Stephen D Milligan.
View insider buying and selling activity for Western Digital
.

Which major investors are buying Western Digital stock?

WDC stock was purchased by a variety of institutional investors in the last quarter, including Menora Mivtachim Holdings LTD., Thunderbird Partners LLP, Arrowstreet Capital Limited Partnership, DNB Asset Management AS, Charles Schwab Investment Management Inc., First Trust Advisors LP, Phoenix Holdings Ltd., and Neuberger Berman Group LLC.
View insider buying and selling activity for Western Digital
.

How do I buy shares of Western Digital?

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

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $48.48.

How big of a company is Western Digital?

Western Digital has a market capitalization of $14.75 billion and generates $16.74 billion in revenue each year. The data storage provider earns $-250,000,000.00 in net income (profit) each year or $2.24 on an earnings per share basis. Western Digital employs 63,800 workers across the globe.

What is Western Digital's official website?

The official website for Western Digital is www.westerndigital.com.

How can I contact Western Digital?

Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119. The data storage provider can be reached via phone at 408-717-6000 or via email at [email protected]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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