Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance 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, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions.
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Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Phone408-717-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$16.57 billion
Profitability
Miscellaneous
Employees61,800
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable
Western Digital (NASDAQ:WDC) Frequently Asked Questions
What is Western Digital's stock symbol?
Western Digital trades on the NASDAQ under the ticker symbol "WDC."
How often does Western Digital pay dividends? What is the dividend yield for Western Digital?
Western Digital announced a quarterly dividend on Wednesday, August 7th. Shareholders of record on Friday, October 4th will be given a dividend of $0.50 per share on Tuesday, October 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, October 3rd. View Western Digital's Dividend History.
How will Western Digital's stock buyback program work?
Western Digital announced that its board has authorized a share buyback program on Thursday, July 26th 2018, which authorizes the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 22.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
How were Western Digital's earnings last quarter?
Western Digital Corp (NASDAQ:WDC) announced its earnings results on Wednesday, July, 31st. The data storage provider reported $0.17 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.22. The data storage provider had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Western Digital had a negative net margin of 4.55% and a positive return on equity of 10.73%. Western Digital's quarterly revenue was down 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.61 EPS. View Western Digital's Earnings History.
When is Western Digital's next earnings date?
What guidance has Western Digital issued on next quarter's earnings?
Western Digital issued an update on its first quarter earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $0.15-0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. The company issued revenue guidance of $3.80-4.00 billion, compared to the consensus revenue estimate of $3.92 billion.
What price target have analysts set for WDC?
28 equities research analysts have issued 1 year target prices for Western Digital's shares. Their predictions range from $30.00 to $126.00. On average, they expect Western Digital's stock price to reach $59.58 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price. View Analyst Price Targets for Western Digital.
What is the consensus analysts' recommendation for Western Digital?
28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 3 sell ratings, 13 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Western Digital.
What are Wall Street analysts saying about Western Digital stock?
Here are some recent quotes from research analysts about Western Digital stock:
- 1. Benchmark Co. analysts commented, "Western Digital reported significant gains and growing momentum for its NVMe SSD platforms. The revenue ramp is commencing at major hyperscale and OEM customers." (8/1/2019)
- 2. Maxim Group analysts commented, "Semicon West data points support our prior contention that Yangtze Memory Technologies (YMTC – private) architecture is not viable. Multiple data points suggest semi demand has bottomed, while recent spot pricing indicates NAND flash supply shocks are already having an impact. Reiterating Buy rating and 12-month price target of $126." (7/26/2019)
- 3. According to Zacks Investment Research, "Western Digital is bearing the brunt of sluggish demand for client compute hard drives. Uncertain macroeconomic environment, declining trend in PC shipments and softness in NAND flash pricing trends are major concerns. Moreover, stiff competition from peers and pricing pressure are other woes. Shares of the company have underperformed the industry in the past one year. Furthermore, the company has mixed record of earnings surprises in the recent quarters. Estimates have been stable lately ahead of the company’s Q3 earnings release. Nevertheless, robust adoption of NVMe client SSDs, iNAND solutions and new design wins bode well. Synergies from SanDisk and HGST acquisitions are other positives. The company’s strength in BiCS3 and BiCS4 offerings deserve a special mention. New enhancements to its data center storage portfolio and other product rollouts are expected to boost growth." (4/18/2019)
Has Western Digital been receiving favorable news coverage?
News articles about WDC stock have trended negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Digital earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave news articles about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Western Digital.
Are investors shorting Western Digital?
Western Digital saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 11,990,000 shares, a decline of 14.7% from the August 30th total of 14,060,000 shares. Based on an average daily trading volume, of 5,560,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.2% of the company's stock are sold short. View Western Digital's Current Options Chain.
Who are some of Western Digital's key competitors?
What other stocks do shareholders of Western Digital own?
Who are Western Digital's key executives?
Western Digital's management team includes the folowing people:
- Mr. Stephen D. Milligan, CEO & Director (Age 56)
- Mr. Michael D. Cordano, Pres & COO (Age 55)
- Mr. Mark Patrick Long, CFO & Chief Strategy Officer (Age 52)
- Mr. Martin R. Fink, CTO & Exec. VP (Age 54)
- Dr. Srinivasan Sivaram, Exec. VP of Silicon Technology & Manufacturing (Age 59)
Who are Western Digital's major shareholders?
Western Digital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.26%), Nexus Investment Management Inc. (0.10%), Grassi Investment Management (0.08%), State of Alaska Department of Revenue (0.05%), Manning & Napier Group LLC (0.04%) and Pacer Advisors Inc. (0.02%). Company insiders that own Western Digital stock include Henry T Denero, Kathleen A Cote, Lori S Sundberg, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Michael D Lambert, Paula A Price, Srinivasan Sivaram and Stephen D Milligan. View Institutional Ownership Trends for Western Digital.
Which institutional investors are selling Western Digital stock?
WDC stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Manning & Napier Group LLC, Radnor Capital Management LLC and Crossmark Global Holdings Inc.. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Mark P Long, Matthew E Massengill and Michael Charles Ray. View Insider Buying and Selling for Western Digital.
Which institutional investors are buying Western Digital stock?
WDC stock was acquired by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, State of Alaska Department of Revenue, Alpha Windward LLC, Contravisory Investment Management Inc., Sound Income Strategies LLC, Truvestments Capital LLC, Grassi Investment Management and Cerebellum GP LLC. View Insider Buying and Selling 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 $58.35.
How big of a company is Western Digital?
Western Digital has a market capitalization of $17.27 billion and generates $16.57 billion in revenue each year. The data storage provider earns $-754,000,000.00 in net income (profit) each year or $3.81 on an earnings per share basis. Western Digital employs 61,800 workers across the globe.View Additional Information About Western Digital.
What is Western Digital's official website?
How can I contact Western Digital?
Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 92612. The data storage provider can be reached via phone at 408-717-6000 or via email at [email protected]
MarketBeat Community Rating for Western Digital (NASDAQ WDC)
MarketBeat's community ratings are surveys of what our community members think about Western Digital and other stocks. Vote "Outperform" if you believe WDC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WDC will underperform the S&P 500 over the long term. You may vote once every thirty days.
