NASDAQ:WDC - Western Digital Stock Price, News, & Analysis

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$55.39 +0.94 (+1.73 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$55.39
Today's Range$53.90 - $55.44
52-Week Range$33.83 - $91.55
Volume5.65 million shs
Average Volume7.17 million shs
Market Capitalization$16.11 billion
P/E Ratio4.10
Dividend Yield3.67%
Beta1.48
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. 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; system solutions that offer petabyte scalable capacity; and data storage platforms and systems. In addition, it offers client solution, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards used in consumer devices comprising mobile phones, tablets, imaging systems, still cameras, action video cameras, and security surveillance systems; universal serial bus flash drives used in the computing and consumer markets; and wireless drive products for in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music and documents to tablets, smartphones, and personal computers (PCs). The company sells its products under the HGST, SanDisk, and WD brands to original equipment manufacturers, distributors, resellers, cloud infrastructure players, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:WDC
CUSIP95810210
Phone408-717-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.65 billion
Cash Flow$22.8884 per share
Book Value$38.53 per share

Profitability

Net Income$675 million

Miscellaneous

Employees71,600
Market Cap$16.11 billion
Next Earnings Date4/29/2019 (Confirmed)
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 Friday, February 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.50 per share on Monday, April 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, March 28th. View Western Digital's Dividend History.

How will Western Digital's stock buyback program work?

Western Digital announced that its board has approved a share buyback plan on Thursday, July 26th 2018, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 22.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) posted its earnings results on Thursday, January, 24th. The data storage provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.27 by $0.18. The data storage provider earned $4.23 billion during the quarter, compared to the consensus estimate of $4.26 billion. Western Digital had a return on equity of 28.88% and a net margin of 4.34%. The business's quarterly revenue was down 20.7% compared to the same quarter last year. During the same period last year, the firm earned $3.95 EPS. View Western Digital's Earnings History.

When is Western Digital's next earnings date?

Western Digital is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Western Digital.

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

Western Digital will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

Western Digital updated its third quarter earnings guidance on Thursday, January, 24th. The company provided earnings per share guidance of $0.40-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.06. The company issued revenue guidance of $3.6-3.8 billion, compared to the consensus revenue estimate of $3.89 billion.

What price target have analysts set for WDC?

29 Wall Street analysts have issued 12-month price objectives for Western Digital's shares. Their forecasts range from $30.00 to $126.00. On average, they expect Western Digital's share price to reach $64.7917 in the next year. This suggests a possible upside of 17.0% from the stock's current price. View Analyst Price Targets for Western Digital.

What is the consensus analysts' recommendation for Western Digital?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 12 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. 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)
  • 2. Benchmark Co. analysts commented, "Western Digital has its own controller and firmware in two new additions to its portfolio of NVMe-based systems for data center and cloud customers, the Western Digital Ultrastar DC SN630 NVMe SSD and the Western Digital CL SN720 NVMe SSD. With these additions Western Digital provides a full portfolio covering applications from edge- to-core, these additions employ 64 layer 3D NAND." (3/1/2019)
  • 3. Guggenheim analysts commented, "We continue to estimate WDC’s EPS cycling down to ~$10 in CY19E but believe that is far better than many believe, with risk that sentiment might not trough until NAND margins do in Mar/Jun-19 (our cyclical forecast for a year now), but with today’s stock price more than discounting that." (9/17/2018)
  • 4. Maxim Group analysts commented, "Consistent with our published expectations, results & guidance make clear NAND flash down-cycle now playing out due to weak smartphone unit sales." (7/27/2018)

Has Western Digital been receiving favorable news coverage?

News coverage about WDC stock has been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Digital earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave news articles about the data storage provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of Western Digital's key competitors?

Some companies that are related to Western Digital include NetApp (NTAP), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

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), Visa (V), Intel (INTC), Netflix (NFLX), Gilead Sciences (GILD), Applied Materials (AMAT), Seagate Technology (STX) and Cisco Systems (CSCO).

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 variety of of retail and institutional investors. Top institutional shareholders include Nexus Investment Management Inc. (0.09%), Deroy & Devereaux Private Investment Counsel Inc. (0.09%), Grassi Investment Management (0.06%), Retirement Systems of Alabama (0.05%), Nisa Investment Advisors LLC (0.05%) and Pennsylvania Trust Co (0.04%). Company insiders that own Western Digital stock include Henry T Denero, Jacqueline Demaria, Kathleen A Cote, Manish H Bhatia, 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 major investors are selling Western Digital stock?

WDC stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Bank of The West, Clear Harbor Asset Management LLC, Eqis Capital Management Inc., Nisa Investment Advisors LLC, Bowling Portfolio Management LLC, NuWave Investment Management LLC and Augustine Asset Management Inc.. Company insiders that have sold Western Digital company stock in the last year include Henry T Denero, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Lambert, Paula A Price, Srinivasan Sivaram and Stephen D Milligan. View Insider Buying and Selling 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 Grassi Investment Management, Pennsylvania Trust Co, Pennsylvania Trust Co, Deroy & Devereaux Private Investment Counsel Inc., RNC Capital Management LLC, QUANTRES ASSET MANAGEMENT Ltd, Chartwell Investment Partners LLC and Pacer Advisors Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $55.39.

How big of a company is Western Digital?

Western Digital has a market capitalization of $16.11 billion and generates $20.65 billion in revenue each year. The data storage provider earns $675 million in net income (profit) each year or $13.51 on an earnings per share basis. Western Digital employs 71,600 workers across the globe.

What is Western Digital's official website?

The official website for Western Digital is http://www.wdc.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]


MarketBeat Community Rating for Western Digital (NASDAQ WDC)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  1,770 (Vote Outperform)
Underperform Votes:  962 (Vote Underperform)
Total Votes:  2,732
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.
This page was last updated on 4/20/2019 by MarketBeat.com Staff

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