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.
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Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Phone408-717-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$16.57 billion
Profitability
Miscellaneous
Employees61,800
Next Earnings Date5/4/2020 (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 Thursday, February 13th. Stockholders 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 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, April 2nd. View Western Digital's Dividend History.
How will Western Digital's stock buyback program work?
Western Digital declared that its board has initiated a share repurchase program on Thursday, July 26th 2018, which allows the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 22.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.
How were Western Digital's earnings last quarter?
Western Digital Corp (NASDAQ:WDC) announced its quarterly earnings results on Thursday, January, 30th. The data storage provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.32. The data storage provider had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.23 billion. Western Digital had a positive return on equity of 1.01% and a negative net margin of 7.66%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. View Western Digital's Earnings History.
When is Western Digital's next earnings date?
What guidance has Western Digital issued on next quarter's earnings?
Western Digital issued an update on its third quarter earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of $0.85-1.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.75. The company issued revenue guidance of $4.10-4.30 billion, compared to the consensus revenue estimate of $4.07 billion.
What price target have analysts set for WDC?
26 brokerages have issued 12 month price objectives for Western Digital's stock. Their forecasts range from $46.00 to $101.00. On average, they anticipate Western Digital's share price to reach $77.92 in the next year. This suggests a possible upside of 14.5% from the stock's current price. View Analyst Price Targets for Western Digital.
What is the consensus analysts' recommendation for Western Digital?
26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 9 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 reported mixed second-quarter fiscal 2020 results, wherein earnings outpaced the Zacks Consensus Estimate, while revenues lagged the same. Softness in NAND flash pricing trends which has been on the decline on account of oversupply and lower-than-expected growth in end-market demand, weighed on revenues, which remained flat on a year-over-year basis. Moreover, stiff competition from peers like Seagate is likely to add to pricing pressure woes in the near term. Nevertheless, improving demand for capacity enterprise drives is bolstering revenues from the Data center devices and solutions segment, which holds promise. We believe new enhancements to its data center storage portfolio and other product rollouts add to the positives. Notably, shares of the company have outperformed the industry in the past year." (2/7/2020)
- 2. Benchmark Co. analysts commented, "Western Digital reported significant gains and growing momentum for its NVMe SSD platforms. The revenue ramp is commencing at major hyperscale and OEM customers." (8/1/2019)
- 3. Maxim Group analysts commented, "Semicon West data points support our prior contention that Yangtze Memory Technologies (YMTC – private) architecture is not viable. Multiple data points suggest semi demand has bottomed, while recent spot pricing indicates NAND flash supply shocks are already having an impact. Reiterating Buy rating and 12-month price target of $126." (7/26/2019)
Has Western Digital been receiving favorable news coverage?
Press coverage about WDC stock has trended extremely negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Western Digital earned a coverage optimism score of -4.3 on InfoTrie's scale. They also gave headlines about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Western Digital.
Are investors shorting Western Digital?
Western Digital saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 10,230,000 shares, a decrease of 20.8% from the January 15th total of 12,920,000 shares. Based on an average trading volume of 5,259,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the company's stock are sold short. View Western Digital's Current Options Chain.
Who are some of Western Digital's key competitors?
What other stocks do shareholders of Western Digital own?
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 variety of of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (3.09%), Lyrical Asset Management LP (1.55%), Alliancebernstein L.P. (1.37%), FIL Ltd (1.12%), Janus Henderson Group PLC (0.64%) and First Trust Advisors LP (0.62%). Company insiders that own Western Digital stock include Henry T Denero, Lori S Sundberg, 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 institutional investors are selling Western Digital stock?
WDC stock was sold by a variety of institutional investors in the last quarter, including American International Group Inc., Prudential Financial Inc., Renaissance Technologies LLC, Iridian Asset Management LLC CT, Franklin Resources Inc., Graticule Asia Macro Advisors LLC, Ceredex Value Advisors LLC and Strs Ohio. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano and Stephen D Milligan. View Insider Buying and Selling for Western Digital.
Which institutional investors are buying Western Digital stock?
WDC stock was acquired by a variety of institutional investors in the last quarter, including FIL Ltd, DNB Asset Management AS, Fred Alger Management LLC, Maverick Capital Ltd., Janus Henderson Group PLC, Jacobs Levy Equity Management Inc., Lyrical Asset Management LP and Schonfeld Strategic Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Western Digital's stock price today?
One share of WDC stock can currently be purchased for approximately $68.08.
How big of a company is Western Digital?
Western Digital has a market capitalization of $20.35 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.View Additional Information About Western Digital.
What is Western Digital's official website?
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)
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.
