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NASDAQ:WDC - Western Digital Stock Price, Forecast & News

$66.98
-2.08 (-3.01 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$66.15
Now: $66.98
$68.77
50-Day Range
$63.39
MA: $67.92
$70.93
52-Week Range
$35.61
Now: $66.98
$72.00
Volume4.09 million shs
Average Volume4.35 million shs
Market Capitalization$20.02 billion
P/E RatioN/A
Dividend Yield2.90%
Beta1.83
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. Read More…

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:WDC
CUSIP95810210
Phone408-717-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.57 billion
Cash Flow$9.84 per share
Book Value$31.38 per share

Profitability

Net Income$-754,000,000.00

Miscellaneous

Employees61,800
Market Cap$20.02 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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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 dividend on an annualized basis and a dividend yield of 2.99%. 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 announced that its board has authorized a share repurchase program on Thursday, July 26th 2018, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase 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 stock is undervalued.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) posted its quarterly earnings results on Thursday, January, 30th. The data storage provider reported $0.62 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.32. The data storage provider earned $4.23 billion during the quarter, compared to analysts' expectations of $4.23 billion. Western Digital had a negative net margin of 7.66% and a positive return on equity of 1.01%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. View Western Digital's Earnings History.

When is Western Digital's next earnings date?

Western Digital is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Western Digital.

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

Western Digital updated 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 EPS 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 Wall Street analysts have issued 12-month target prices for Western Digital's stock. Their forecasts range from $46.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $77.92 in the next twelve months. This suggests a possible upside of 16.3% 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?

Media headlines about WDC stock have trended negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Digital earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave media headlines about the data storage provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Western Digital.

Are investors shorting Western Digital?

Western Digital saw a decline in short interest in January. As of January 31st, there was short interest totalling 10,230,000 shares, a decline 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 currently 1.9 days. Approximately 3.5% of the shares of the company are short sold. View Western Digital's Current Options Chain.

Who are some of Western Digital's key competitors?

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

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), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Visa (V), Applied Materials (AMAT), Netflix (NFLX), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and QUALCOMM (QCOM).

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 many different of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.09%), Geode Capital Management LLC (1.67%), Lyrical Asset Management LP (1.55%), Alliancebernstein L.P. (1.37%), FIL Ltd (1.12%) and Janus Henderson Group PLC (0.64%). 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., Geode Capital Management LLC and Lyrical Asset Management LP. 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 $66.98.

How big of a company is Western Digital?

Western Digital has a market capitalization of $20.02 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?

The official website for Western Digital is http://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]


MarketBeat Community Rating for Western Digital (NASDAQ WDC)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  1,869 (Vote Outperform)
Underperform Votes:  1,143 (Vote Underperform)
Total Votes:  3,012
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.
This page was last updated on 2/22/2020 by MarketBeat.com Staff

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