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NASDAQ:WDCWestern Digital Stock Price, Forecast & News

$37.85
-6.62 (-14.89 %)
(As of 08/6/2020 12:32 PM ET)
Add
Compare
Today's Range
$36.90
Now: $37.85
$39.70
50-Day Range
$40.87
MA: $43.03
$46.16
52-Week Range
$27.40
Now: $37.85
$72.00
Volume742,093 shs
Average Volume4.34 million shs
Market Capitalization$11.34 billion
P/E RatioN/A
Dividend Yield4.47%
Beta1.56
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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Western Digital logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.57 billion
Cash Flow$8.58 per share
Book Value$34.02 per share

Profitability

Net Income$-754,000,000.00

Miscellaneous

Employees61,800
Market Cap$11.34 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$37.85
-6.62 (-14.89 %)
(As of 08/6/2020 12:32 PM 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 been impacted by COVID-19 (Coronavirus)?

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. Since then, WDC shares have decreased by 16.8% and is now trading at $37.5701.
View which stocks have been most impacted by Coronavirus
.

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

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 8 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Western Digital
.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Western Digital
.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) announced its quarterly earnings data on Wednesday, August, 5th. The data storage provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.22. Western Digital had a negative net margin of 3.70% and a positive return on equity of 3.42%. During the same quarter last year, the business earned $0.17 earnings per share.
View Western Digital's earnings history
.

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

Western Digital declared 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 5.32%. The ex-dividend date is Thursday, April 2nd.
View Western Digital's dividend history
.

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

Western Digital issued an update on its first quarter earnings guidance on Wednesday, August, 5th. The company provided earnings per share guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. The company issued revenue guidance of $3.7-3.9 billion, compared to the consensus revenue estimate of $4.36 billion.

What price target have analysts set for WDC?

28 analysts have issued 12 month price targets for Western Digital's shares. Their forecasts range from $40.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $61.78 in the next year. This suggests a possible upside of 64.4% from the stock's current price.
View analysts' price targets for Western Digital
.

Has Western Digital been receiving favorable news coverage?

Media headlines about WDC stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Digital earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned press coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Western Digital
.

Are investors shorting Western Digital?

Western Digital saw a drop in short interest in July. As of July 31st, there was short interest totaling 7,690,000 shares, a drop of 14.8% from the July 15th total of 9,030,000 shares. Based on an average daily volume of 5,760,000 shares, the short-interest ratio is presently 1.3 days. Approximately 2.6% of the company's shares are short sold.
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?

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), Netflix (NFLX), Visa (V), Applied Materials (AMAT), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Who are Western Digital's key executives?

Western Digital's management team includes the following 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)

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 many different retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (1.02%), First Trust Advisors LP (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Swiss National Bank (0.39%), Raymond James & Associates (0.24%) and Robeco Institutional Asset Management B.V. (0.19%). 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 institutional investors are selling Western Digital stock?

WDC stock was sold by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Ameritas Investment Partners Inc., Sumitomo Mitsui Trust Holdings Inc., DekaBank Deutsche Girozentrale, Unigestion Holding SA, Strs Ohio, TCW Group Inc., and Arizona State Retirement System. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, and Stephen D Milligan.
View insider buying and selling activity for Western Digital
.

Which institutional investors are buying Western Digital stock?

WDC stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, First Trust Advisors LP, Chartwell Investment Partners LLC, New England Investment & Retirement Group Inc., Kornitzer Capital Management Inc. KS, Oregon Public Employees Retirement Fund, Financial Sense Advisors Inc., and Andra AP fonden.
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 $37.57.

How big of a company is Western Digital?

Western Digital has a market capitalization of $11.26 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.

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 8/6/2020 by MarketBeat.com Staff

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