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

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$64.02 -0.61 (-0.94 %)
(As of 08/20/2018 04:00 PM ET)
Previous Close$64.63
Today's Range$63.31 - $64.85
52-Week Range$61.54 - $106.96
Volume3.50 million shs
Average Volume4.04 million shs
Market Capitalization$19.39 billion
P/E Ratio4.75
Dividend Yield3.07%
Beta0.96
Western Digital logoWestern Digital Corporation, together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide. It offers performance hard disk drives (HDDs) that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. The company also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes. In addition, it offers NAND-flash embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, automotive, IoT, and connected home applications; NAND-flash memory wafers; and custom embedded solutions and iNAND embedded flash products, such as multi-chip package solutions that combine NAND-flash and mobile dynamic random-access memory in an integrated package. Further, it provides client solutions that consist of HDDs and SSDs embedded into external storage products; removable cards; USB flash drives; and wireless drive products. Additionally, the company licenses its intellectual property. It sells its products under the HGST, SanDisk, and WD brands to original equipment manufacturers (OEMs), distributors, resellers, cloud infrastructure players, and retailers. It serves storage subsystem suppliers, OEMs, Internet and social media infrastructure players, and PC and Mac OEMs. The company has a strategic alliance with Kaminario to deliver composable storage solutions. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.95
Current Ratio2.39
Quick Ratio1.73

Price-To-Earnings

Trailing P/E Ratio4.75
Forward P/E Ratio5.98
P/E Growth0.32

Sales & Book Value

Annual Sales$20.65 billion
Price / Sales0.93
Cash Flow$21.1987 per share
Price / Cash3.02
Book Value$38.53 per share
Price / Book1.66

Profitability

EPS (Most Recent Fiscal Year)$13.51
Net Income$675 million
Net Margins3.27%
Return on Equity36.35%
Return on Assets14.15%

Miscellaneous

Employees68,000
Outstanding Shares299,240,000
Market Cap$19.39 billion

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 announced a quarterly dividend on Wednesday, August 1st. Investors of record on Friday, September 28th will be given a dividend of $0.50 per share on Monday, October 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Thursday, September 27th. View Western Digital's Dividend History.

How will Western Digital's stock buyback program work?

Western Digital announced that its board has approved a share repurchase plan on Thursday, July 26th 2018, which authorizes the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 22.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) announced its quarterly earnings data on Thursday, July, 26th. The data storage provider reported $3.61 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.20 by $0.41. The data storage provider earned $5.12 billion during the quarter, compared to analysts' expectations of $5.07 billion. Western Digital had a net margin of 3.27% and a return on equity of 36.35%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. 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 Thursday, October, 25th 2018. View Earnings Estimates for Western Digital.

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

Western Digital issued an update on its first quarter earnings guidance on Thursday, July, 26th. The company provided earnings per share guidance of $3.00-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.60. The company issued revenue guidance of $5.1-5.2 billion, compared to the consensus revenue estimate of $5.40 billion.

What price target have analysts set for WDC?

29 brokerages have issued 1-year price objectives for Western Digital's shares. Their forecasts range from $70.00 to $130.00. On average, they anticipate Western Digital's share price to reach $103.5217 in the next year. This suggests a possible upside of 61.7% from the stock's current price. View Analyst Price Targets for Western Digital.

What is the consensus analysts' recommendation for Western Digital?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 11 hold ratings and 18 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. Maxim Group analysts commented, "Consistent with our published expectations, results & guidance make clear NAND flash down-cycle now playing out due to weak smartphone unit sales." (7/27/2018)
  • 2. According to Zacks Investment Research, "Western Digital continues to benefit from strong demand for the company’s high capacity enterprise hard drives and flash-based products. Moreover, increasing demand for data center devices and cloud solutions remains a key catalyst. Further, the company has started deploying 64-layer 3D NAND technology across its product portfolio and is expected to ramp up its 96-layer technology throughout the year. Western Digital expects the demand for high and mid-range capacity drives and increasing capacity of smartphones to support the higher rate of exabyte consumption in calendar year 2018. Further, the acquisitions of Upthere and Tegile Systems are helping the company in expanding its presence with a wider range of products and solutions. However, stiff competition from Seagate, Hitachi, Samsung and Intel in the storage coupled with pricing pressure remains headwind. Notably, shares of the company have underperformed the industry in past one year." (7/17/2018)
  • 3. Mizuho analysts commented, "We believe WDC remains well-positioned with good GMs, MAMR HDD ramping, the transition from 64L to 96L 3D NAND and an attractive valuation. No change to estimates; reiterating our Buy rating and $110 PT." (5/16/2018)
  • 4. BTIG Research analysts commented, "WDC’s business continues to operate like a finely tuned machine. The demand environment for digital storage continues to be robust, margins remain elevated, the balance sheet continues to improve, and WDC continues to generate ample cash and post earnings upside. To the latter point, F18 EPS will likely end up being in striking distance of $15, capping off 18 months of upward revisions to consensus estimates that started at $6.00. However, for 12 of those months, the stock has been range bound, as each near-term earnings boost has been seen as a can-kick of the inevitable “normalization” (CEO Milligan’s words, not ours) of supply/demand dynamics. This surely will sound euphemistic to investors, in part because there is such disagreement as to whether or not we are in a New Normal (to what exactly are we normalizing?). Regardless, the truth is that growth in shipments and erosion of ASPs doesn’t spell doom for margins and can be a good thing in an elastic market, especially as cost declines from technology leadership will mitigate volatility. While sentiment continues to be concerned about what’s over the next hill, we remain convinced that “normalization” doesn’t change the fact that supply continues to face constraints while demand drivers continue to diversify." (4/29/2018)
  • 5. Guggenheim analysts commented, "We expect meaningfully lower interest expense following WDC’s recent debt refinacing, which increases our annual EPS estimates by +$0.83, and reflects rapid deleveraging since its acquisition of SNDK back in mid-2016. Reiterate BUY and $125 price target." (2/1/2018)

Who are some of Western Digital's key competitors?

Some companies that are related to Western Digital include NetApp (NTAP), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QTM) and US Gold (USAU).

Who are Western Digital's key executives?

Western Digital's management team includes the folowing people:
  • Mr. Matthew E. Massengill, Chairman (Age 57)
  • Mr. Stephen D. Milligan, CEO & Director (Age 55)
  • Mr. Michael D. Cordano, Pres & COO (Age 54)
  • Mr. Mark Patrick Long, CFO & Chief Strategy Officer (Age 51)
  • Mr. Martin R. Fink, CTO & Exec. VP (Age 53)

Has Western Digital been receiving favorable news coverage?

Media stories about WDC stock have trended somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Digital earned a media and rumor sentiment score of 0.20 on Accern's scale. They also gave media coverage about the data storage provider an impact score of 46.22 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Western Digital.

Who are Western Digital's major shareholders?

Western Digital's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.03%), Iridian Asset Management LLC CT (1.96%), LSV Asset Management (1.14%), Dimensional Fund Advisors LP (1.02%), Bank of New York Mellon Corp (0.96%) and Wells Fargo & Company MN (0.78%). Company insiders that own Western Digital stock include Henry T Denero, Jacqueline Demaria, Kathleen A Cote, Manish H Bhatia, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Michael D Lambert, Paula A Price, Sanjay Mehrotra, 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 Renaissance Technologies LLC, Millennium Management LLC, Canada Pension Plan Investment Board, Cornerstone Investment Partners LLC, Los Angeles Capital Management & Equity Research Inc., Janus Henderson Group PLC, Victory Capital Management Inc. and Bank of Nova Scotia. Company insiders that have sold Western Digital company stock in the last year include Henry T Denero, Kathleen A Cote, 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 Insider Buying and Selling for Western Digital.

Which institutional investors are buying Western Digital stock?

WDC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Sumitomo Mitsui Asset Management Company LTD, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Worldquant Millennium Quantitative Strategies LLC, Boston Advisors LLC, American Century Companies Inc. and Cornerstone Wealth Management LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $64.02.

How big of a company is Western Digital?

Western Digital has a market capitalization of $19.39 billion and generates $20.65 billion in revenue each year. The data storage provider earns $675 million in net income (profit) each year or $13.51 on an earnings per share basis. Western Digital employs 68,000 workers across the globe.

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:  3.3 out of 5 (star star star)
Outperform Votes:  1,663 (Vote Outperform)
Underperform Votes:  829 (Vote Underperform)
Total Votes:  2,492
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 8/20/2018 by MarketBeat.com Staff

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