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NASDAQ:WDCWestern Digital Stock Price, Forecast & News

$45.21
+2.35 (+5.48 %)
(As of 04/8/2020 02:54 PM ET)
Add
Compare
Today's Range
$43.51
Now: $45.21
$45.92
50-Day Range
$29.19
MA: $48.31
$69.56
52-Week Range
$27.40
Now: $45.21
$72.00
Volume3.03 million shs
Average Volume6.00 million shs
Market Capitalization$13.51 billion
P/E RatioN/A
Dividend Yield4.62%
Beta1.8
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. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions, including HDDs and drive configurations for use in data storage systems and tiered storage models; system solutions that offer petabyte scalable capacity; and data storage platforms and systems. In addition, it offers client solution, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards used in consumer devices comprising mobile phones, tablets, imaging systems, still cameras, action video cameras, and security surveillance systems; universal serial bus flash drives used in the computing and consumer markets; and wireless drive products for in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music and documents to tablets, smartphones, and personal computers (PCs). The company sells its products under the HGST, SanDisk, and WD brands to original equipment manufacturers, distributors, resellers, cloud infrastructure players, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
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Western Digital logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 out of 5 stars


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$11.99 per share
Book Value$34.02 per share

Profitability

Net Income$-754,000,000.00

Miscellaneous

Employees61,800
Market Cap$13.51 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Western Digital (NASDAQ:WDC) Frequently Asked Questions

How has Western Digital's stock been impacted by COVID-19 (Coronavirus)?

Western Digital's stock was trading at $45.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WDC stock has decreased by 0.1% and is now trading at $45.11. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Digital?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 8 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Digital.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Western Digital.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) announced its quarterly earnings data on Thursday, January, 30th. The data storage provider reported $0.62 EPS for the quarter, topping the 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 positive return on equity of 1.01% and a negative net margin of 7.66%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. View Western Digital's earnings history.

How often does Western Digital pay dividends? What is the dividend yield for Western Digital?

Western Digital announced a quarterly dividend on Thursday, February 13th. Investors 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 dividend yield of 4.43%. 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 declared that its board has authorized a share repurchase program on Thursday, July 26th 2018, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 22.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

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

Western Digital issued an update on its third quarter earnings guidance on Thursday, January, 30th. The company provided earnings per share (EPS) guidance of $0.85-1.05 for the period, compared to the Thomson Reuters consensus earnings per share 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 equities research analysts have issued 1-year price objectives for Western Digital's stock. Their forecasts range from $46.00 to $101.00. On average, they expect Western Digital's share price to reach $74.04 in the next twelve months. This suggests a possible upside of 64.1% from the stock's current price. View analysts' price targets 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 very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Western Digital earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media stories about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutWestern Digital.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest in March. As of March 13th, there was short interest totaling 7,860,700 shares, an increase of 7.7% from the February 27th total of 7,300,000 shares. Based on an average daily trading volume, of 5,994,300 shares, the days-to-cover ratio is currently 1.3 days. Currently, 2.7% of the company's stock are sold short. View Western Digital's Current Options Chain.

Who are some of Western Digital's key competitors?

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

Who are Western Digital's key executives?

Western Digital's management team includes the following 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)

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 retail and institutional investors. Top institutional shareholders include Nexus Investment Management Inc. (0.10%), State of Alaska Department of Revenue (0.06%), Sound Income Strategies LLC (0.01%) and IBM Retirement Fund (0.00%). 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 buying Western Digital stock?

WDC stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Nexus Investment Management Inc., Sound Income Strategies LLC, and IBM Retirement Fund. View insider buying and selling activity 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 $45.11.

How big of a company is Western Digital?

Western Digital has a market capitalization of $13.48 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]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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