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

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$48.39 -3.39 (-6.55 %)

(As of 03/22/2019 04:00 PM ET)

Previous Close$51.78

Today's Range$48.37 - $51.45

52-Week Range$33.83 - $99.32

Volume8.67 million shs

Average Volume7.64 million shs

Market Capitalization$14.07 billion

P/E Ratio3.58

Dividend Yield3.86%

Beta1.49

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

Stock Exchange NASDAQ

Industry Computer storage devices

Sub-IndustryComputer Storage & Peripherals

SectorComputer and Technology

Current SymbolNASDAQ:WDC

Previous Symbol

CUSIP95810210

CIK106040

Webwww.wdc.com

Phone408-717-6000

Debt

Debt-to-Equity Ratio0.95

Current Ratio2.24

Quick Ratio1.45

Price-To-Earnings

Trailing P/E Ratio3.58

Forward P/E Ratio10.30

P/E Growth0.53

Sales & Book Value

Annual Sales$20.65 billion

Price / Sales0.68

Cash Flow$21.9955 per share

Price / Cash Flow2.20

Book Value$38.53 per share

Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$13.51

Net Income$675 million

Net Margins4.34%

Return on Equity28.88%

Return on Assets11.34%

Miscellaneous

Employees71,600

Outstanding Shares290,851,000

Market Cap$14.07 billion

Next Earnings Date4/25/2019 (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 declared a quarterly dividend on Friday, February 15th. Investors of record on Friday, March 29th will be given a dividend of $0.50 per share on Monday, April 15th. This represents a $2.00 annualized dividend and a yield of 4.13%. 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 of Directors has authorized a share buyback plan on Thursday, July 26th 2018, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 22.3% of its shares through open market purchases. Shares repurchase plans are typically 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 quarterly earnings results on Thursday, January, 24th. The data storage provider reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.27 by $0.18. The data storage provider earned $4.23 billion during the quarter, compared to analyst estimates of $4.26 billion. Western Digital had a return on equity of 28.88% and a net margin of 4.34%. Western Digital's revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company 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 Thursday, April 25th 2019. View Earnings Estimates for Western Digital.

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 (EPS) 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 brokers have issued 1-year price objectives for Western Digital's stock. Their predictions range from $30.00 to $126.00. On average, they anticipate Western Digital's stock price to reach $66.0435 in the next twelve months. This suggests a possible upside of 36.5% 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, 15 hold ratings and 13 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. According to Zacks Investment Research, "Western Digital is one of the largest HDD producers in the U.S. Strong demand for hard drive and NAND-based products across all categories of customers, is a key catalysts.Further, robust adoption of NVMe client SSDs, iNAND solutions and new design wins remain other positives. Western Digital is also significantly benefiting from synergies related to SanDisk and HGST acquisitions. The company’s strength in BiCS3 and BiCS4 offerings deserve a special mention. We believe that new enhancements to its data center storage portfolio and other product rollouts add to the positives. However, the company intends to temporarily reduce flash output. Further, sluggishness in client compute hard drives demand and weakness flash storage market remains a headwind. Moreover, stiff competition from peers with pricing pressure adds to woes. Shares of the company have underperformed the industry over the past one year." (3/20/2019)
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)
5. Mizuho analysts commented, "We believe WDC remains well-positioned with good GMs, MAMR HDD ramping, the transition from 64L to 96L 3D NAND and an attractive valuation. No change to estimates; reiterating our Buy rating and $110 PT." (5/16/2018)

Has Western Digital been receiving favorable news coverage?

News stories about WDC stock have trended neutral on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Western Digital earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned headlines about the data storage provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the near term.

Are investors shorting Western Digital?

Western Digital saw a decrease in short interest in February. As of February 28th, there was short interest totalling 18,516,323 shares, a decrease of 8.7% from the February 15th total of 20,288,423 shares. Based on an average trading volume of 5,979,049 shares, the days-to-cover ratio is presently 3.1 days. Approximately 6.5% of the shares of the company are sold short. View Western Digital's Current Options Chain.

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), Intel (INTC), Netflix (NFLX), Applied Materials (AMAT), Gilead Sciences (GILD), Cisco Systems (CSCO), Bank of America (BAC) and Advanced Micro Devices (AMD).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.42%), Oregon Public Employees Retirement Fund (2.83%), American International Group Inc. (2.56%), Iridian Asset Management LLC CT (2.05%), Geode Capital Management LLC (1.63%) and FMR LLC (1.57%). 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 BlackRock Inc., Victory Capital Management Inc., Iridian Asset Management LLC CT, New York State Common Retirement Fund, Fort Pitt Capital Group LLC, WINTON GROUP Ltd, Nuveen Asset Management LLC and Villere ST Denis J & Co. LLC. 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 acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, American International Group Inc., Norges Bank, DNB Asset Management AS, FMR LLC, Bank of New York Mellon Corp, Alps Advisors Inc. and First Trust Advisors LP. 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 $48.39.

How big of a company is Western Digital?

Western Digital has a market capitalization of $14.07 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:		3.3 out of 5 ( )
Outperform Votes:		1,762 (Vote Outperform)
Underperform Votes:		944 (Vote Underperform)
Total Votes:		2,706

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 3/23/2019 by MarketBeat.com Staff

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