NASDAQ:WDC

Western Digital Stock Forecast, Price & News

$57.06

-0.46 (-0.80%)

(As of 12/6/2021 04:00 PM ET)

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Today's Range: $55.90
▼
$58.36
50-Day Range: $52.29
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$60.56
52-Week Range: $48.23
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$78.19

Volume: 3.08 million shs
Average Volume: 4.28 million shs
Market Capitalization: $17.78 billion

P/E Ratio: 12.06
Dividend Yield: N/A
Beta: 1.53

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About Western Digital

Western Digital Corp. engages in the developing, manufacturing, marketing, and sale of data storage devices and solutions. It operates through the following product categories: Client Devices, Data Center Devices & Solutions, and Client Solutions. The Client Devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The Data Center Devices & Solutions category covers capacity and performance enterprise hard disk drives, enterprise SSDs, data center software, and system solutions. The Client Solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer storage devices
Sub-Industry: Computer Storage & Peripherals
Sector: Computer and Technology
Current Symbol: NASDAQ:WDC
Previous Symbol
CUSIP: 95810210
CIK: 106040
Web: www.westerndigital.com
Phone: (408) 717-6000
Fax: 949-672-5408
Employees: 65,600
Year Founded: 1970

Sales & Book Value

Annual Sales: $16.92 billion
Price / Sales: 1.05
Cash Flow: $7.87 per share
Price / Cash Flow: 7.25
Book Value: $36.46 per share
Price / Book: 1.57

Profitability

EPS (Most Recent Fiscal Year): $4.73
Net Income: $821 million
Net Margins: 8.26%
Pretax Margin: 9.05%
Return on Equity: 16.38%
Return on Assets: 6.62%

Debt

Debt-to-Equity Ratio: 0.73
Current Ratio: 2.09
Quick Ratio: 1.34

Price-To-Earnings

Trailing P/E Ratio: 12.06
Forward P/E Ratio: 7.27
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 311,623,000
Free Float: 311,093,000
Market Cap: $17.78 billion
Optionable: Optionable

Company Calendar

Last Earnings: 10/27/2021
Today: 12/06/2021
Next Earnings (Estimated): 1/27/2022
Fiscal Year End: 6/30/2022

Social Links

MarketRank^™

Overall MarketRank^™

2.75 out of 5 stars

Computer And Technology Sector

79th out of 894 stocks

Computer Storage Devices Industry

1st out of 6 stocks

4.4 Analyst's Opinion

Consensus Rating
Western Digital has received a consensus rating of Buy. The company's average rating score is 2.76, and is based on 16 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $75.55, Western Digital has a forecasted upside of 32.4% from its current price of $57.06.
Amount of Analyst Coverage
Western Digital has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0 Community Rank

Outperform Votes
Western Digital has received 1,980 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Digital has received 613 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Digital has received 76.36% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Western Digital does not currently pay a dividend.
Dividend Growth
Western Digital does not have a long track record of dividend growth.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $143,385.00 in company stock.
Percentage Held by Insiders
Only 0.17% of the stock of Western Digital is held by insiders.
Percentage Held by Institutions
78.15% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Western Digital are expected to grow by 2.17% in the coming year, from $7.85 to $8.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Digital is 12.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Digital is 12.06, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 71.89.
Price to Book Value per Share Ratio
Western Digital has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Western Digital (NASDAQ:WDC) Frequently Asked Questions

Is Western Digital a buy right now?: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last twelve months. There are currently 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Western Digital stock.
View analyst ratings for Western Digital or view top-rated stocks.
How has Western Digital's stock been impacted by COVID-19 (Coronavirus)?: Western Digital's stock was trading at $45.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WDC stock has increased by 26.4% and is now trading at $57.06.
View which stocks have been most impacted by COVID-19.
When is Western Digital's next earnings date?: Western Digital is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for Western Digital.
How were Western Digital's earnings last quarter?: Western Digital Co. (NASDAQ:WDC) announced its quarterly earnings data on Wednesday, October, 27th. The data storage provider reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.45 by $0.04. The data storage provider earned $5.05 billion during the quarter, compared to analysts' expectations of $5.06 billion. Western Digital had a trailing twelve-month return on equity of 16.38% and a net margin of 8.26%. The firm's revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS.
View Western Digital's earnings history.
What guidance has Western Digital issued on next quarter's earnings?: Western Digital updated its second quarter 2022 earnings guidance on Thursday, November, 4th. The company provided earnings per share (EPS) guidance of $1.950-$2.250 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.390. The company issued revenue guidance of $4.70 billion-$4.90 billion, compared to the consensus revenue estimate of $4.59 billion.
What price target have analysts set for WDC?: 21 equities research analysts have issued 12-month price targets for Western Digital's shares. Their forecasts range from $56.00 to $97.00. On average, they anticipate Western Digital's share price to reach $75.55 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price.
View analysts' price targets for Western Digital or view top-rated stocks among Wall Street analysts.
Who are Western Digital's key executives?: Western Digital's management team includes the following people:
David V. Goeckeler, Chief Executive Officer & Director
Robert K. Eulau, Chief Financial Office & Executive Vice President
Srinivasan Sivaram, President-Technology & Strategy
Michael Charles Ray, Secretary, Chief Legal Officer & Executive VP
Lori S. Sundberg, Chief Human Resources Officer & Executive VP (LinkedIn Profile)
What is David Goeckeler's approval rating as Western Digital's CEO?: 70 employees have rated Western Digital CEO David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among Western Digital's employees.
Who are some of Western Digital's key competitors?: Some companies that are related to Western Digital include Seagate Technology (STX), NetApp (NTAP), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of WDC's 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).
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 retail and institutional investors. Top institutional investors include Franklin Resources Inc. (2.99%), FIL Ltd (2.38%), Alliancebernstein L.P. (1.96%), Geode Capital Management LLC (1.91%), Sanders Capital LLC (1.78%) and DNB Asset Management AS (1.71%). Company insiders that own Western Digital stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Michael Charles Ray, Michael D Cordano, Michael D Cordano 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 Allianz Asset Management GmbH, Point72 Asset Management L.P., Arrowstreet Capital Limited Partnership, Maple Rock Capital Partners Inc., Voloridge Investment Management LLC, Polar Asset Management Partners Inc., Granahan Investment Management Inc. MA, and Crossmark Global Holdings Inc.. Company insiders that have sold Western Digital company stock in the last year include Gene M Zamiska, Lori S Sundberg, and Michael Charles Ray.
View insider buying and selling activity for Western Digital or view top insider-selling stocks.
Which institutional investors are buying Western Digital stock?: WDC stock was bought by a variety of institutional investors in the last quarter, including Sanders Capital LLC, DNB Asset Management AS, Franklin Resources Inc., FIL Ltd, Natixis, Caption Management LLC, Jane Street Group LLC, and Citigroup Inc..
View insider buying and selling activity for Western Digital or or view top insider-buying stocks.
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 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 $57.06.
How much money does Western Digital make?: Western Digital has a market capitalization of $17.78 billion and generates $16.92 billion in revenue each year. The data storage provider earns $821 million in net income (profit) each year or $4.73 on an earnings per share basis.
How many employees does Western Digital have?: Western Digital 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 Multisystems Ltd., Fusion-io (Beijing) Info Tech Co. Ltd, Fusion-io Holdings S.A.R.L., Fusion-io LLC, Fusion-io Poland SP.Z.O.O., Fusion-io Singapore Private Ltd, HGSP (Shenzhen) Co. Ltd., HGSP Holdco Hong Kong Limited, HGST, HGST (Shenzhen) Co. Ltd., HGST (Thailand) Ltd., HGST Asia Pte. Ltd., HGST Consulting (Shanghai) Co. Ltd., HGST Europe Ltd., HGST Inc., HGST Japan Ltd., HGST Malaysia Sdn. Bhd., HGST Netherlands B.V., HGST Philippines Corp., HGST Singapore Pte. Ltd., HGST Technologies India Private Limited, HGST Technologies Malaysia Sdn. Bhd., HICAP Properties Corp., Kazan Networks, Keen Personal Media Inc., Komag, Pacifica Insurance Corporation, Prestadora SD S. de R.L. de C.V., Read-Rite Philippines Inc., SD International Holdings Ltd., SMART Storage Systems GmbH, STEC Bermuda LP, STEC Europe B.V., STEC International Holding Inc., STEC Italy SRL, STEC R&D Limited, SanDisk, SanDisk (Cayman) Limited, SanDisk (Ireland) Limited, SanDisk 3D IP Holdings Ltd, SanDisk B.V., SanDisk Bermuda Limited, SanDisk Bermuda Unlimited, SanDisk BiCS IP Holdings Ltd, SanDisk Brasil Participações Ltda., SanDisk C.V., SanDisk China LLC, SanDisk China Limited, SanDisk Equipment Y.K., SanDisk Flash B.V., SanDisk France SAS, SanDisk G.K., 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., SanDisk International Limited, SanDisk International Middle East FZE, SanDisk Italy S.R.L., SanDisk Korea Limited, SanDisk LLC, SanDisk Latin America Holdings LLC, SanDisk Limited, SanDisk Malaysia Sdn. Bhd., SanDisk Manufacturing Americas LLC, SanDisk Manufacturing Unlimited Company, SanDisk Operations Holdings Limited, SanDisk Pazarlama Ve Ticaret Limited Sirketi, SanDisk Scotland Limited, SanDisk Semiconductor (Shanghai) Co. Ltd., SanDisk Spain S.L.U., SanDisk Storage Malaysia Sdn. Bhd., SanDisk Sweden AB, SanDisk Switzerland Sarl, SanDisk Taiwan Limited, SanDisk Technologies India Private Limited, SanDisk Technologies LLC, SanDisk Trading (Shanghai) Co. Ltd., SanDisk Trading Holdings Limited, SanDisk UK Limited, Sandbox Expansion LLC, SiliconSystems, Stec's, Suntech Realty Inc., Tegile Systems, Upthere, VeloBit, Virident Systems, Virident Systems International Holdings Ltd., Virident Systems LLC, WD Media (Malaysia) Sdn., WD Media (Singapore) Pte. Ltd., Western Digital (Argentina) S.A., Western Digital (France) SARL, Western Digital (I.S.) Limited, Western Digital (Malaysia) Sdn. Bhd., Western Digital (S.E. Asia) Pte Ltd, Western Digital (Singapore) Pte. Ltd., Western Digital (Thailand) Company Limited, Western Digital (UK) Limited, Western Digital Australia Pty Ltd, Western Digital Canada Corporation, Western Digital Capital Global Ltd., Western Digital Capital LLC, Western Digital Denmark ApS, Western Digital Deutschland GmbH, Western Digital Do Brasil Comercio E Distribuicao De Produtos De Informatica Ltda., Western Digital Federal LLC, Western Digital Hong Kong Limited, Western Digital Information Technology (Shanghai) Company Ltd., Western Digital International Ltd., Western Digital Ireland Ltd., Western Digital Israel Ltd., Western Digital Japan Ltd., Western Digital Korea Ltd., Western Digital Latin America Inc., Western Digital Netherlands B.V., Western Digital Taiwan Co. Ltd., Western Digital Tech and Regional Center (M) Sdn. Bhd., and Western Digital Technologies Inc..
When was Western Digital founded?: Western Digital was founded in 1970.
What is Western Digital's official website?: The official website for Western Digital is www.westerndigital.com.
Where are Western Digital's headquarters?: Western Digital is headquartered at 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119.
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, via email at [email protected], or via fax at 949-672-5408.

This page was last updated on 12/6/2021 by MarketBeat.com Staff

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Western Digital Stock Forecast, Price & News

About Western Digital

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

4.4 Analyst's Opinion

5.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

0.0 Dividend Strength

2.5 Company Ownership

1.9 Earnings and Valuation

Western Digital (NASDAQ:WDC) Frequently Asked Questions

Is Western Digital a buy right now?

How has Western Digital's stock been impacted by COVID-19 (Coronavirus)?

When is Western Digital's next earnings date?

How were Western Digital's earnings last quarter?

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

What price target have analysts set for WDC?

Who are Western Digital's key executives?

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

Who are some of Western Digital's key competitors?

What other stocks do shareholders of Western Digital own?

What is Western Digital's stock symbol?

Who are Western Digital's major shareholders?

Which institutional investors are selling Western Digital stock?

Which institutional investors are buying Western Digital stock?

How do I buy shares of Western Digital?

What is Western Digital's stock price today?

How much money does Western Digital make?

How many employees does Western Digital have?

Does Western Digital have any subsidiaries?

When was Western Digital founded?

What is Western Digital's official website?

Where are Western Digital's headquarters?

How can I contact Western Digital?

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