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The How And Why of Investing in Oil Stocks
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
NASDAQ:WDC

Western Digital - WDC Stock Forecast, Price & News

$47.68
+1.37 (+2.96%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$47.12
$48.34
50-Day Range
$43.42
$61.93
52-Week Range
$41.63
$69.99
Volume
2.63 million shs
Average Volume
3.99 million shs
Market Capitalization
$14.93 billion
P/E Ratio
10.04
Dividend Yield
N/A
Price Target
$63.47

Western Digital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
33.1% Upside
$63.47 Price Target
Short Interest
Healthy
2.14% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
-0.11mentions of Western Digital in the last 14 days
Based on 46 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-24.86%
From $7.24 to $5.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Computer And Technology Sector

232nd out of 653 stocks

Computer Storage Devices Industry

3rd out of 5 stocks

WDC stock logo

About Western Digital (NASDAQ:WDC) Stock

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video 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, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. 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 for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

Western Digital Stock Performance

NASDAQ:WDC traded up $1.37 during trading hours on Wednesday, reaching $47.68. 2,631,464 shares of the stock were exchanged, compared to its average volume of 3,986,987. Western Digital has a 52 week low of $41.63 and a 52 week high of $69.99. The company has a quick ratio of 1.28, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $14.93 billion, a P/E ratio of 9.75 and a beta of 1.49. The firm has a 50 day simple moving average of $48.89 and a 200-day simple moving average of $51.26.

Western Digital (NASDAQ:WDC - Get Rating) last released its quarterly earnings data on Friday, August 5th. The data storage provider reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.27. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.57 billion. Western Digital had a net margin of 7.98% and a return on equity of 19.15%. The firm's revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 earnings per share. As a group, sell-side analysts forecast that Western Digital will post 7.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WDC shares. Robert W. Baird dropped their price target on Western Digital from $75.00 to $55.00 in a research note on Monday. Cowen increased their target price on shares of Western Digital from $60.00 to $65.00 in a research report on Friday, April 29th. Citigroup reduced their price target on shares of Western Digital from $75.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday. Craig Hallum dropped their price objective on shares of Western Digital to $85.00 in a research report on Tuesday. Finally, Susquehanna Bancshares lowered shares of Western Digital from a "positive" rating to a "neutral" rating and reduced their target price for the company from $80.00 to $50.00 in a report on Thursday, April 14th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.47.

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WDC Stock News Headlines

Western Digital (NASDAQ:WDC) PT Lowered to $85.00
Western Digital (NASDAQ:WDC) Cut to Hold at Benchmark
Western Digital (NASDAQ:WDC) Price Target Cut to $60.00
Western Digital (NASDAQ:WDC) Price Target Cut to $56.00
Western Digital: Trading At 60% Discount To Peers
Why Western Digital Fell Today
Western Digital Corp Bottom Line Declines In Q4
Western Digital Guides Q1 Well Below Estimates - Update
See More Headlines
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WDC Company Calendar

Last Earnings
8/05/2022
Today
8/10/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:WDC
CUSIP
95810210
Employees
65,600
Year Founded
1970

Price Target and Rating

Average Stock Price Forecast
$63.47
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+33.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
11.30%

Debt

Sales & Book Value

Annual Sales
$18.79 billion
Cash Flow
$10.50 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
312,636,000
Market Cap
$14.93 billion
Optionable
Optionable
Beta
1.49

Social Links















WDC Stock - Frequently Asked Questions

Should I buy or sell Western Digital stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WDC shares.
View WDC analyst ratings
or view top-rated stocks.

What is Western Digital's stock price forecast for 2022?

17 Wall Street analysts have issued 12 month target prices for Western Digital's stock. Their WDC share price forecasts range from $45.00 to $85.00. On average, they anticipate the company's share price to reach $63.47 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts price targets for WDC
or view top-rated stocks among Wall Street analysts.

How have WDC shares performed in 2022?

Western Digital's stock was trading at $65.21 at the beginning of the year. Since then, WDC shares have decreased by 26.9% and is now trading at $47.68.
View the best growth stocks for 2022 here
.

Are investors shorting Western Digital?

Western Digital saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,710,000 shares, a decrease of 27.2% from the July 15th total of 9,220,000 shares. Based on an average daily volume of 3,550,000 shares, the short-interest ratio is presently 1.9 days.
View Western Digital's Short Interest
.

When is Western Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our WDC earnings forecast
.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) released its quarterly earnings data on Friday, August, 5th. The data storage provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.27. The data storage provider had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.57 billion. Western Digital had a net margin of 7.98% and a trailing twelve-month return on equity of 19.15%. The business's quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share.
Read the conference call transcript
.

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

Western Digital issued an update on its first quarter 2023 earnings guidance on Friday, August, 5th. The company provided earnings per share guidance of $0.35-$0.65 for the period, compared to the consensus earnings per share estimate of $1.96. The company issued revenue guidance of $3.60 billion-$3.80 billion, compared to the consensus revenue estimate of $4.74 billion.

What is David Goeckeler's approval rating as Western Digital's CEO?

70 employees have rated Western Digital Chief Executive Officer David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among the company's employees.

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).

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 institutional and retail investors. Top institutional investors include Parnassus Investments LLC (1.42%), DnB Asset Management AS (1.10%), Swiss National Bank (0.43%), Thompson Siegel & Walmsley LLC (0.39%), AustralianSuper Pty Ltd (0.35%) and Sumitomo Mitsui Trust Holdings Inc. (0.32%). Insiders that own company stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Michael D Cordano, Paula A Price, Srinivasan Sivaram and Stephen D Milligan.
View institutional ownership trends
.

How do I buy shares of Western Digital?

Shares of WDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $47.68.

How much money does Western Digital make?

Western Digital (NASDAQ:WDC) has a market capitalization of $14.93 billion and generates $18.79 billion in revenue each year. The data storage provider earns $1.50 billion in net income (profit) each year or $4.75 on an earnings per share basis.

How many employees does Western Digital have?

The company employs 65,600 workers across the globe.

Does Western Digital have any subsidiaries?

The following companies are subsidiares of Western Digital: Amplidata N.V., Arkeia Software, Crag Technologies, EasyStore Memory Limited, Fusion-io (Beijing) Info Tech Co. Ltd, Fusion-io LLC, Fusion-io Poland SP.Z.O.O., Fusion-io Singapore Private Ltd, HGST, HGST (Shenzhen) Co. Ltd., HGST Consulting (Shanghai) Co. Ltd., HGST Europe Ltd., HGST Japan Ltd., HGST Malaysia Sdn. Bhd., HGST Netherlands B.V., HGST Singapore Pte. Ltd., HGST Technologies India Private Limited, HGST Technologies Malaysia Sdn. Bhd., HICAP Properties Corp., Kazan Networks, Keen Personal Media Inc., Kioxia, Komag, Pacifica Insurance Corporation, Prestadora SD S. de R.L. de C.V., Read-Rite Philippines Inc., SanDisk, SanDisk (Cayman) Limited, SanDisk (Ireland) Limited, SanDisk 3D IP Holdings Ltd, SanDisk B.V., SanDisk Brasil Participações Ltda., SanDisk C.V., SanDisk China LLC, SanDisk China Limited, SanDisk Flash B.V., SanDisk France SAS, SanDisk GmbH, SanDisk Holding B.V., SanDisk Hong Kong Limited, SanDisk India Device Design Centre Private Limited, SanDisk Information Technology (Shanghai) Co. Ltd., SanDisk International Holdco B.V., Sandbox Expansion LLC, SiliconSystems, Stec's, Tegile Systems, Upthere, VeloBit, and Virident Systems.
Read More

When was Western Digital founded?

Western Digital was founded in 1970.

How can I contact Western Digital?

Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119. The official website for the company is www.westerndigital.com. The data storage provider can be reached via phone at (408) 717-6000, via email at investor@wdc.com, or via fax at 949-672-5408.

This page (NASDAQ:WDC) was last updated on 8/11/2022 by MarketBeat.com Staff

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