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NASDAQ:WDC

Western Digital Stock Forecast, Price & News

$36.84
-2.48 (-6.31 %)
(As of 09/30/2020 02:45 PM ET)
Add
Compare
Today's Range
$36.47
Now: $36.84
$38.49
50-Day Range
$33.71
MA: $36.84
$38.94
52-Week Range
$27.40
Now: $36.84
$72.00
Volume447,541 shs
Average Volume6.04 million shs
Market Capitalization$11.15 billion
P/E RatioN/A
Dividend YieldN/A
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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Western Digital logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 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$16.74 billion
Cash Flow$7.49 per share
Book Value$31.87 per share

Profitability

Net Income$-250,000,000.00

Miscellaneous

Employees63,800
Market Cap$11.15 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$36.84
-2.48 (-6.31 %)
(As of 09/30/2020 02:45 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 price been impacted by Coronavirus?

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WDC shares have decreased by 17.6% and is now trading at $37.19.
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 7 hold ratings and 20 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 earnings results on Wednesday, August, 5th. The data storage provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.22. The data storage provider earned $4.29 billion during the quarter, compared to analysts' expectations of $4.35 billion. Western Digital had a positive return on equity of 6.72% and a negative net margin of 1.49%. During the same quarter in the prior 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. Investors of record on Friday, April 3rd will be paid 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 5.38%. The ex-dividend date of this dividend 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 analysts have issued 12 month price objectives for Western Digital's stock. Their forecasts range from $40.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $62.50 in the next year. This suggests a possible upside of 68.1% from the stock's current price.
View analysts' price targets for Western Digital
.

Are investors shorting Western Digital?

Western Digital saw a drop in short interest in September. As of September 15th, there was short interest totaling 9,320,000 shares, a drop of 9.6% from the August 31st total of 10,310,000 shares. Based on an average daily volume of 6,000,000 shares, the days-to-cover ratio is currently 1.6 days.
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."

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 $37.19.

How big of a company is Western Digital?

Western Digital has a market capitalization of $11.25 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 9/30/2020 by MarketBeat.com Staff

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