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Western Digital Stock Forecast, Price & News

-1.07 (-2.80 %)
(As of 09/18/2020 12:00 AM ET)
Today's Range
Now: $37.21
50-Day Range
MA: $37.62
52-Week Range
Now: $37.21
Volume6.72 million shs
Average Volume6.04 million shs
Market Capitalization$11.26 billion
P/E RatioN/A
Dividend YieldN/A
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:WDC



Sales & Book Value

Annual Sales$16.74 billion
Cash Flow$7.56 per share
Book Value$31.87 per share


Net Income$-250,000,000.00


Market Cap$11.26 billion
Next Earnings Date11/4/2020 (Estimated)
-1.07 (-2.80 %)
(As of 09/18/2020 12:00 AM 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 price been impacted by COVID-19 (Coronavirus)?

Western Digital's stock was trading at $45.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WDC stock has decreased by 17.6% and is now trading at $37.21.
View which stocks have been most impacted by COVID-19

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

27 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 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 results on Wednesday, August, 5th. The data storage provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.22. Western Digital had a negative net margin of 1.49% and a positive return on equity of 6.72%. During the same quarter in the previous year, the firm posted $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 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 annualized dividend and a dividend yield of 5.37%. 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 EPS guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus earnings per share 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?

27 equities research analysts have issued 1 year price targets for Western Digital's shares. Their forecasts range from $40.00 to $101.00. On average, they anticipate Western Digital's share price to reach $61.78 in the next twelve months. This suggests a possible upside of 66.0% from the stock's current price.
View analysts' price targets for Western Digital

Are investors shorting Western Digital?

Western Digital saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 10,270,000 shares, an increase of 31.2% from the July 30th total of 7,830,000 shares. Based on an average daily trading volume, of 5,810,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.5% of the shares of the company are short sold.
View Western Digital's Short Interest

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), Cisco Systems (CSCO), Netflix (NFLX), Visa (V), QUALCOMM (QCOM) and Gilead Sciences (GILD).

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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.11%), FIL Ltd (1.57%), Lyrical Asset Management LP (1.43%), DNB Asset Management AS (1.02%), First Trust Advisors LP (0.62%) and Nuveen Asset Management LLC (0.56%). 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., Vanguard Group Inc., Ameritas Investment Partners Inc., Nuveen Asset Management LLC, Holocene Advisors LP, State of Wisconsin Investment Board, FIL Ltd, and Sumitomo Mitsui Trust Holdings Inc.. 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 bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Glenmede Trust Co. NA, First Trust Advisors LP, Cubist Systematic Strategies LLC, Alyeska Investment Group L.P., No Street GP LP, Nordea Investment Management AB, and Guyasuta Investment Advisors Inc..
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 $37.21.

How big of a company is Western Digital?

Western Digital has a market capitalization of $11.26 billion and generates $16.74 billion in revenue each year. The data storage provider earns $-250,000,000.00 in net income (profit) each year or $2.24 on an earnings per share basis. Western Digital employs 63,800 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 9/20/2020 by MarketBeat.com Staff

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