NASDAQ:WDCWestern Digital Stock Price, Forecast & News

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WDC stock has decreased by 6.3% and is now trading at $42.28. View which stocks have been most impacted by Coronavirus.

26 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 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Digital.

Western Digital is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Western Digital.

Western Digital Corp (NASDAQ:WDC) released its earnings results on Thursday, April, 30th. The data storage provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by $0.07. The data storage provider earned $4.18 billion during the quarter, compared to the consensus estimate of $4.16 billion. Western Digital had a negative net margin of 3.70% and a positive return on equity of 3.42%. The company's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. View Western Digital's earnings history.

Western Digital announced 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 4.73%. The ex-dividend date of this dividend is Thursday, April 2nd. View Western Digital's dividend history.

Western Digital announced that its Board of Directors has approved a stock repurchase program 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 buy up to 22.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Western Digital updated its fourth quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of $1.00-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.20. The company issued revenue guidance of $4.25-4.45 billion, compared to the consensus revenue estimate of $4.25 billion.

26 brokers have issued 12-month target prices for Western Digital's stock. Their forecasts range from $42.00 to $101.00. On average, they expect Western Digital's share price to reach $70.80 in the next year. This suggests a possible upside of 67.5% from the stock's current price. View analysts' price targets for Western Digital.

Press coverage about WDC stock has trended somewhat positive on Friday, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 1.2 on InfoTrie's scale. They also assigned media stories 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 impact on the stock's share price in the next several days. View the latest news about Western Digital.

Western Digital saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 10,590,000 shares, a drop of 7.5% from the June 15th total of 11,450,000 shares. Based on an average daily trading volume, of 6,320,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.6% of the company's shares are sold short. View Western Digital's Current Options Chain.

Some companies that are related to Western Digital include NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC). View all competitors.

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), Netflix (NFLX), Visa (V), Applied Materials (AMAT), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Western Digital trades on the NASDAQ under the ticker symbol "WDC."

Western Digital's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (1.02%), Nexus Investment Management ULC (0.10%), Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.06%), Arden Trust Co (0.01%) and Cypress Capital Group (0.00%). 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.

WDC stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., State of Alaska Department of Revenue, Contravisory Investment Management Inc., Cypress Capital Group, and Mount Yale Investment Advisors LLC. 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.

WDC stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Arden Trust Co, Nexus Investment Management ULC, and Ellevest Inc.. View insider buying and selling activity for 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.

One share of WDC stock can currently be purchased for approximately $42.28.

Western Digital has a market capitalization of $12.67 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.

The official website for Western Digital is www.westerndigital.com.

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]