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 (WHO). Since then, WDC stock has decreased by 6.0% and is now trading at $42.44. 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) announced its quarterly earnings results on Thursday, April, 30th. The data storage provider reported $0.85 EPS for the quarter, missing the Thomson Reuters' consensus estimate 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 was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. View Western Digital's earnings history.

Western Digital declared a quarterly dividend on Thursday, February 13th. Shareholders 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 yield of 4.71%. The ex-dividend date of this dividend is Thursday, April 2nd. View Western Digital's dividend history.

Western Digital declared that its Board of Directors has approved a stock buyback program on Thursday, July 26th 2018, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 22.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Western Digital updated its fourth quarter earnings guidance on Thursday, April, 30th. The company provided EPS guidance of $1.00-1.40 for the period, compared to the Thomson Reuters consensus earnings per share 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 analysts have issued 12 month price objectives for Western Digital's stock. Their forecasts range from $42.00 to $101.00. On average, they expect Western Digital's stock price to reach $70.80 in the next twelve months. This suggests a possible upside of 66.8% from the stock's current price. View analysts' price targets for Western Digital.

Press coverage about WDC stock has been trending negative on Sunday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 -2.2 on InfoTrie's scale. They also gave media headlines about the data storage provider a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news about Western Digital.

Western Digital saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 10,590,000 shares, a decrease of 7.5% from the June 15th total of 11,450,000 shares. Based on an average trading volume of 6,320,000 shares, the short-interest ratio is presently 1.7 days. Approximately 3.6% of the company's stock 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."

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 $42.44.

Western Digital has a market capitalization of $12.72 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]