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NASDAQ:WDC

Western Digital - WDC Stock Forecast, Price & News

$44.97
+1.21 (+2.77%)
(As of 01/27/2023 04:31 PM ET)
Add
Compare
Today's Range
$43.26
$45.14
50-Day Range
$30.21
$43.76
52-Week Range
$29.73
$63.26
Volume
5.39 million shs
Average Volume
5.61 million shs
Market Capitalization
$14.28 billion
P/E Ratio
15.51
Dividend Yield
N/A
Price Target
$49.71

Western Digital MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
11.0% Upside
$49.71 Price Target
Short Interest
Healthy
2.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
0.61mentions of Western Digital in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.51) to $2.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Computer And Technology Sector

220th out of 634 stocks

Computer Storage Devices Industry

3rd out of 5 stocks


WDC stock logo

About Western Digital (NASDAQ:WDC) Stock

Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

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WDC Stock News Headlines

Should You Store Your Capital in Pure Storage Stock? (WDC)
Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the selling
What's in Store for Western Digital (WDC) in Q2 Earnings?
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Western Digital (NASDAQ:WDC) Shares Gap Up to $38.46
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Western Digital (NASDAQ:WDC) Upgraded to Neutral at BNP Paribas
The Cloud Slowdown Is Crushing Western Digital
WD-40 Company (WDFC) Q1 2023 Earnings Call Transcript
WD-40 earnings preview: what to expect
See More Headlines
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WDC Company Calendar

Last Earnings
10/27/2021
Today
1/27/2023
Next Earnings (Confirmed)
1/31/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:WDC
CUSIP
95810210
Employees
65,000
Year Founded
1970

Price Target and Rating

Average Stock Price Forecast
$49.71
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
18 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
8.60%

Debt

Sales & Book Value

Annual Sales
$18.79 billion
Cash Flow
$11.27 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
317,015,000
Market Cap
$14.28 billion
Optionable
Optionable
Beta
1.57

Social Links


Key Executives

  • David V. Goeckeler
    Chief Executive Officer & Director
  • Tiang Yew Tan
    Executive Vice President-Global Operations
  • Wissam Georges Jabre
    Chief Financial Officer & Executive Vice President
  • Srinivasan SivaramSrinivasan Sivaram
    President-Technology & Strategy
  • Michael Charles RayMichael Charles Ray
    Secretary, Chief Legal Officer & Executive VP













WDC Stock - Frequently Asked Questions

Should I buy or sell Western Digital stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WDC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WDC, but not buy additional shares or sell existing shares.
View WDC analyst ratings
or view top-rated stocks.

What is Western Digital's stock price forecast for 2023?

18 Wall Street research analysts have issued 12-month price objectives for Western Digital's shares. Their WDC share price forecasts range from $28.00 to $80.00. On average, they anticipate the company's stock price to reach $49.71 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for WDC
or view top-rated stocks among Wall Street analysts.

How have WDC shares performed in 2023?

Western Digital's stock was trading at $31.55 at the beginning of 2023. Since then, WDC shares have increased by 42.5% and is now trading at $44.97.
View the best growth stocks for 2023 here
.

When is Western Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 31st 2023.
View our WDC earnings forecast
.

How can I listen to Western Digital's earnings call?

Western Digital will be holding an earnings conference call on Tuesday, January 31st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) announced its quarterly earnings results on Wednesday, October, 27th. The data storage provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.04. The data storage provider earned $5.05 billion during the quarter, compared to analyst estimates of $5.06 billion. Western Digital had a trailing twelve-month return on equity of 12.93% and a net margin of 5.25%. The firm's quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share.
Read the conference call transcript
.

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

Western Digital issued an update on its second quarter 2023 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of -$0.25-$0.05 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $2.90 billion-$3.10 billion, compared to the consensus revenue estimate of $3.53 billion.

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

70 employees have rated Western Digital Chief Executive Officer David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among the company's employees.

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 many different institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (1.82%), National Bank of Canada FI (0.54%), Assenagon Asset Management S.A. (0.17%), Nexus Investment Management ULC (0.12%), MUFG Securities EMEA plc (0.12%) and M&G Investment Management Ltd. (0.08%). Insiders that own company stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Michael Charles Ray, Michael D Cordano, Paula A Price and Srinivasan Sivaram.
View institutional ownership trends
.

How do I buy shares of Western Digital?

Shares of WDC stock 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 $44.97.

How much money does Western Digital make?

Western Digital (NASDAQ:WDC) has a market capitalization of $14.28 billion and generates $18.79 billion in revenue each year. The data storage provider earns $1.50 billion in net income (profit) each year or $2.90 on an earnings per share basis.

How many employees does Western Digital have?

The company employs 65,000 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-io (Beijing) Info Tech Co. Ltd, Fusion-io LLC, Fusion-io Poland SP.Z.O.O., Fusion-io Singapore Private Ltd, HGST, HGST (Shenzhen) Co. Ltd., HGST Consulting (Shanghai) Co. Ltd., HGST Europe Ltd., HGST Japan Ltd., HGST Malaysia Sdn. Bhd., HGST Netherlands B.V., HGST Singapore Pte. Ltd., HGST Technologies India Private Limited, HGST Technologies Malaysia Sdn. Bhd., HICAP Properties Corp., Kazan Networks, Keen Personal Media Inc., Kioxia, Komag, Pacifica Insurance Corporation, Prestadora SD S. de R.L. de C.V., Read-Rite Philippines Inc., SanDisk, SanDisk (Cayman) Limited, SanDisk (Ireland) Limited, SanDisk 3D IP Holdings Ltd, SanDisk B.V., SanDisk Brasil Participações Ltda., SanDisk C.V., SanDisk China LLC, SanDisk China Limited, SanDisk Flash B.V., SanDisk France SAS, 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., Sandbox Expansion LLC, SiliconSystems, Stec's, Tegile Systems, Upthere, VeloBit, and Virident Systems.
Read More
How can I contact Western Digital?

Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119. The official website for the company is www.westerndigital.com. The data storage provider can be reached via phone at (408) 717-6000, via email at investor@wdc.com, or via fax at 949-672-5408.

This page (NASDAQ:WDC) was last updated on 1/27/2023 by MarketBeat.com Staff