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.
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Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Phone408-717-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$16.57 billion
Profitability
Miscellaneous
Employees71,600
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable
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 Wednesday, August 7th. Investors of record on Friday, October 4th will be given a dividend of $0.50 per share on Tuesday, October 22nd. This represents a $2.00 annualized dividend and a yield of 3.49%. The ex-dividend date is Thursday, October 3rd. View Western Digital's Dividend History.
How will Western Digital's stock buyback program work?
Western Digital announced that its board has authorized a stock repurchase program 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 purchase up to 22.3% of its shares through open market purchases. Shares buyback programs are often 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) posted its quarterly earnings data on Wednesday, July, 31st. The data storage provider reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.05) by $0.22. The data storage provider earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. Western Digital had a positive return on equity of 10.73% and a negative net margin of 4.55%. The firm's quarterly revenue was down 29.0% on a year-over-year basis. During the same period last year, the company earned $3.61 earnings per share. View Western Digital's Earnings History.
When is Western Digital's next earnings date?
What guidance has Western Digital issued on next quarter's earnings?
Western Digital updated its first quarter earnings guidance on Wednesday, July, 31st. The company provided EPS guidance of $0.15-0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $3.80-4.00 billion, compared to the consensus revenue estimate of $3.92 billion.
What price target have analysts set for WDC?
28 equities research analysts have issued 1 year price targets for Western Digital's shares. Their forecasts range from $30.00 to $126.00. On average, they expect Western Digital's stock price to reach $59.7115 in the next year. This suggests a possible upside of 4.3% from the stock's current price. View Analyst Price Targets for Western Digital.
What is the consensus analysts' recommendation for Western Digital?
28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 3 sell ratings, 13 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. 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)
- 2. 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)
- 3. According to Zacks Investment Research, "Western Digital is bearing the brunt of sluggish demand for client compute hard drives. Uncertain macroeconomic environment, declining trend in PC shipments and softness in NAND flash pricing trends are major concerns. Moreover, stiff competition from peers and pricing pressure are other woes. Shares of the company have underperformed the industry in the past one year. Furthermore, the company has mixed record of earnings surprises in the recent quarters. Estimates have been stable lately ahead of the company’s Q3 earnings release. Nevertheless, robust adoption of NVMe client SSDs, iNAND solutions and new design wins bode well. Synergies from SanDisk and HGST acquisitions are other positives. The company’s strength in BiCS3 and BiCS4 offerings deserve a special mention. New enhancements to its data center storage portfolio and other product rollouts are expected to boost growth." (4/18/2019)
Has Western Digital been receiving favorable news coverage?
Media headlines about WDC stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Digital earned a news impact score of -2.3 on InfoTrie's scale. They also gave news headlines about the data storage provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Western Digital.
Are investors shorting Western Digital?
Western Digital saw a drop in short interest in July. As of July 31st, there was short interest totalling 16,125,100 shares, a drop of 24.3% from the June 30th total of 21,302,200 shares. Based on an average trading volume of 6,260,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 5.7% of the company's stock are sold short. View Western Digital's Current Options Chain.
Who are some of Western Digital's key competitors?
What other stocks do shareholders of Western Digital own?
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 a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.96%), BlackRock Inc. (8.45%), Invesco Ltd. (2.16%), Bank of New York Mellon Corp (1.76%), Price T Rowe Associates Inc. MD (1.58%) and Lyrical Asset Management LP (1.55%). Company insiders that own Western Digital stock 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 Institutional Ownership Trends for Western Digital.
Which major investors are selling Western Digital stock?
WDC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, Maplelane Capital LLC, Schroder Investment Management Group, Allianz Asset Management GmbH, APG Asset Management N.V., Bank of New York Mellon Corp and Prudential Financial Inc.. Company insiders that have sold Western Digital company stock in the last year include Mark P Long and Matthew E Massengill. View Insider Buying and Selling for Western Digital.
Which major investors are buying Western Digital stock?
WDC stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Nuveen Asset Management LLC, DNB Asset Management AS, Vanguard Group Inc., First Trust Advisors LP, Fort Pitt Capital Group LLC, Price T Rowe Associates Inc. MD and UBS Asset Management Americas Inc.. 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 $57.25.
How big of a company is Western Digital?
Western Digital has a market capitalization of $16.77 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 71,600 workers across the globe.View Additional Information About Western Digital.
What is Western Digital's official website?
How can I contact Western Digital?
Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 92612. 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)
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.
