NASDAQ:WDCWestern Digital Stock Price, Forecast & News

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WDC stock has decreased by 6.0% and is now trading at $42.44. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 7 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Digital.

Western Digital is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Western Digital.

Western Digital Corp (NASDAQ:WDC) issued its quarterly earnings results on Thursday, April, 30th. The data storage provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by $0.07. The data storage provider had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. Western Digital had a negative net margin of 3.70% and a positive return on equity of 3.42%. The business's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. View Western Digital's earnings history.

Western Digital announced a quarterly dividend on Thursday, February 13th. Stockholders 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 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Thursday, April 2nd. View Western Digital's dividend history.

Western Digital announced that its board has approved a stock buyback program on Thursday, July 26th 2018, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 22.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Western Digital issued an update on its fourth quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $1.00-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.20. The company issued revenue guidance of $4.25-4.45 billion, compared to the consensus revenue estimate of $4.25 billion.

26 equities research analysts have issued 12 month price targets for Western Digital's shares. Their forecasts range from $42.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $70.80 in the next year. This suggests a possible upside of 66.8% from the stock's current price. View analysts' price targets for Western Digital.

News coverage about WDC stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Western Digital earned a news impact score of 0.7 on InfoTrie's scale. They also gave media stories about the data storage provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Western Digital.

Western Digital saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 11,450,000 shares, an increase of 15.0% from the May 31st total of 9,960,000 shares. Based on an average daily trading volume, of 6,700,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.9% of the company's shares are sold short. View Western Digital's Current Options Chain.

Some companies that are related to Western Digital include NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC). View all competitors.

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).

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

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.

One share of WDC stock can currently be purchased for approximately $42.44.

Western Digital has a market capitalization of $12.72 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.

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

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]