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F   10.71 (+1.04%)
MU   73.03 (-0.90%)
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GE   120.02 (-0.17%)
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PFE   28.78 (-1.07%)
PYPL   59.41 (+2.57%)
XOM   99.14 (-1.29%)

Western Digital Stock Price, News & Analysis (NASDAQ:WDC)

$46.89
+0.12 (+0.26%)
(As of 03:46 PM ET)
Compare
Today's Range
$46.85
▼
$48.65
50-Day Range
$38.26
▼
$48.39
52-Week Range
$29.73
▼
$48.86
Volume
2.41 million shs
Average Volume
4.25 million shs
Market Capitalization
$15.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$49.50
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Western Digital MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
3.4% Upside
$49.29 Price Target
Short Interest
Bearish
5.02% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
0.38mentions of Western Digital in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$948,316 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.34) to $5.42 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Computer And Technology Sector

447th out of 590 stocks

Computer Storage Devices Industry

4th out of 5 stocks

See Top Rated MarketRank™ Stocks Here

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

November 8, 2023 | marketbeat.com
Should you buy Western Digital and sell Seagate stock?
Data is generated every second around the clock. Oceans and oceans of data are all around us. That data has to be stored somewhere to be analyzed and used for
December 6, 2023 | au.investing.com
Mizuho sees tailwinds for Micron Technology and Western Digital
December 6, 2023 | Edge On The Street (Ad)
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
December 6, 2023 | markets.businessinsider.com
Mizuho Maintains Buy Rating for Western Digital: Here's What You Need To Know
December 6, 2023 | finance.yahoo.com
Why Is Teradata (TDC) Up 4.3% Since Last Earnings Report?
December 4, 2023 | msn.com
Don't Skip This WD-40 Hack When Installing An Air Conditioner
December 3, 2023 | msn.com
The Simple WD-40 Hack That'll Fix A Clogged Shower Head
December 3, 2023 | mirror.co.uk
Brits' top 20 worst-ever Christmas presents revealed - including toilet roll and WD-40
December 6, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
December 2, 2023 | finance.yahoo.com
WDC Dec 2023 44.500 call
December 1, 2023 | msn.com
Yuletide: WD Gives Guide To Holiday Gift
November 30, 2023 | seekingalpha.com
Intel, Western Digital, Qualcomm others offer up thoughts at UBS tech conference
November 29, 2023 | seekingalpha.com
Western Digital Corporation (WDC) UBS Global Technology Conference (Transcript)
November 29, 2023 | finance.yahoo.com
Why Is Western Digital (WDC) Up 16.8% Since Last Earnings Report?
November 29, 2023 | seekingalpha.com
WD-40 Company: Driving Future Growth Through Premiumization, E-Commerce, And Volume Recovery
November 29, 2023 | americanbankingnews.com
Western Digital Co. (NASDAQ:WDC) Receives Average Recommendation of "Moderate Buy" from Brokerages
November 28, 2023 | seekingalpha.com
Western Digital Corporation (WDC) Wells Fargo 7th Annual TMT Summit (Transcript)
November 27, 2023 | msn.com
Western Digital, Micron may benefit as memory prices rise: Morgan Stanley
November 26, 2023 | msn.com
Western Digital finally unveils 28TB HDD as race for 30TB reaches boiling point — but the Ultrastar DC HC680 remains a data center HDD that no consumers will be able to use
November 25, 2023 | benzinga.com
Western Digital & SanDisk Black Friday & Cyber Monday (2023): Review of Latest Storage Solution Offers Reported by Retail365
November 25, 2023 | msn.com
Don't miss this must-see deal that takes 45% off the WD 14TB external hard drive
November 24, 2023 | msn.com
PS5 SSD Black Friday deal: Save big on this 1TB M.2 solid state drive from Western Digital
November 24, 2023 | msn.com
I paid just $199 for this WD NAS with 18TB of HDD storage for Black Friday — and you can too!
November 23, 2023 | finance.yahoo.com
4 Storage Devices Stocks to Watch for in a Troubled Industry
November 22, 2023 | msn.com
The WD_BLACK 4TB SN850X NVMe Internal Gaming SSD Solid State Drive is 21% Off for Black Friday
November 22, 2023 | msn.com
Goldman Sachs Upgrades Western Digital (WDC)
November 21, 2023 | markets.businessinsider.com
9 Analysts Have This to Say About Western Digital
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/06/2023
Next Earnings (Estimated)
1/30/2024
Fiscal Year End
6/30/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Sector
Computer and Technology
Current Symbol
NASDAQ:WDC
CUSIP
95810210
CIK
106040
Web
www.westerndigital.com
Phone
(408) 717-6000
Fax
949-672-5408
Employees
53,000
Year Founded
1970

Price Target and Rating

Average Stock Price Target
$49.29
High Stock Price Target
$60.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+5.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($7.66)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-1,706,000,000.00
Net Margins
-21.34%
Pretax Margin
-20.53%
Return on Equity
-18.01%
Return on Assets
-8.16%

Debt

Debt-to-Equity Ratio
0.58
Current Ratio
1.31
Quick Ratio
0.70

Sales & Book Value

Annual Sales
$11.33 billion
Price / Sales
1.33
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$33.90 per share
Price / Book
1.38

Miscellaneous

Outstanding Shares
321,900,000
Free Float
320,999,000
Market Cap
$15.06 billion
Optionable
Optionable
Beta
1.62

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WDC Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Digital stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 6 hold ratings and 9 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?

15 equities research analysts have issued 1-year price objectives for Western Digital's stock. Their WDC share price targets range from $36.00 to $60.00. On average, they expect the company's stock price to reach $49.29 in the next year. This suggests a possible upside of 3.4% 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 2023?

Western Digital's stock was trading at $31.55 at the beginning of the year. Since then, WDC shares have increased by 51.1% and is now trading at $47.66.
View the best growth stocks for 2023 here.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest in November. As of November 15th, there was short interest totaling 16,160,000 shares, an increase of 89.2% from the October 31st total of 8,540,000 shares. Based on an average daily trading volume, of 4,650,000 shares, the days-to-cover ratio is presently 3.5 days.
View Western Digital's Short Interest.

When is Western Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our WDC earnings forecast.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) posted its quarterly earnings results on Monday, October, 30th. The data storage provider reported ($1.76) EPS for the quarter, beating the consensus estimate of ($1.91) by $0.15. The data storage provider earned $2.75 billion during the quarter, compared to analysts' expectations of $2.66 billion. Western Digital had a negative net margin of 21.34% and a negative trailing twelve-month return on equity of 18.01%. The business's quarterly revenue was down 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share.
Read the conference call transcript.

Is Western Digital a good dividend stock?

Western Digital (NASDAQ:WDC) pays an annual dividend of $2.00 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for WDC.

What ETFs hold Western Digital's stock?

ETFs with the largest weight of Western Digital (NASDAQ:WDC) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN), Fidelity Cloud Computing ETF (FCLD), Invesco S&P 500 Pure Value ETF (RPV), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), IQ U.S. Mid Cap R&D Leaders ETF (MRND), Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Invesco S&P 500 Equal Weight Technology ETF (RYT).

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

Western Digital updated its second quarter 2024 earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of -$1.35--$1.05 for the period, compared to the consensus estimate of -$1.39. The company issued revenue guidance of $2.85 billion-$3.05 billion, compared to the consensus revenue estimate of $2.92 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 variety of retail and institutional investors. Top institutional shareholders include Nomura Holdings Inc. (4.15%), DnB Asset Management AS (1.59%), Northern Trust Corp (1.02%), Charles Schwab Investment Management Inc. (0.94%), Legal & General Group Plc (0.83%) and Maple Rock Capital Partners Inc. (0.77%). Insiders that own company stock include Gene M Zamiska, Lori S Sundberg, Michael Charles Ray, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/6/2023 by MarketBeat.com Staff

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