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

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 6.4% and is now trading at $42.25. View which stocks have been mosted impacted by Coronavirus.

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.

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

Western Digital Corp (NASDAQ:WDC) posted its earnings results on Thursday, January, 30th. The data storage provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.32. The data storage provider had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. Western Digital had a positive return on equity of 1.01% and a negative net margin of 7.66%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. View Western Digital's earnings history.

Western Digital announced a quarterly dividend on Thursday, February 13th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.50 per share on Friday, April 17th. This represents a $2.00 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Thursday, April 2nd. View Western Digital's dividend history.

Western Digital declared that its Board of Directors has authorized a share repurchase 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 reacquire up to 22.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Western Digital updated 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 EPS 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.

26 equities research analysts have issued 12-month target prices for Western Digital's stock. Their forecasts range from $46.00 to $101.00. On average, they anticipate Western Digital's share price to reach $74.71 in the next twelve months. This suggests a possible upside of 76.8% from the stock's current price. View analysts' price targets for Western Digital.

Headlines about WDC stock have trended somewhat negative recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing 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 nearest to five being the most favorable. Western Digital earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the data storage provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutWestern Digital.

Western Digital saw a increase in short interest during the month of 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 trading volume of 5,994,300 shares, the short-interest ratio is presently 1.3 days. Approximately 2.7% of the shares of the company 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).

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), Advanced Micro Devices (AMD), Applied Materials (AMAT), Netflix (NFLX), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Western Digital trades on the NASDAQ under the ticker symbol "WDC."

Western Digital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.08%), Franklin Resources Inc. (3.09%), Geode Capital Management LLC (1.67%), Lyrical Asset Management LP (1.55%), Alliancebernstein L.P. (1.37%) and FIL Ltd (1.12%). 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.

WDC stock was sold by a variety of institutional investors in the last quarter, including American International Group Inc., Prudential Financial Inc., Renaissance Technologies LLC, Iridian Asset Management LLC CT, Franklin Resources Inc., Franklin Resources Inc., Graticule Asia Macro Advisors LLC, and Ceredex Value Advisors LLC. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, and Stephen D Milligan. View insider buying and selling activity for Western Digital.

WDC stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, FIL Ltd, DNB Asset Management AS, Fred Alger Management LLC, Maverick Capital Ltd., Nuveen Asset Management LLC, Janus Henderson Group PLC, and Jacobs Levy Equity Management Inc.. View insider buying and selling activity for 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.

One share of WDC stock can currently be purchased for approximately $42.25.

Western Digital has a market capitalization of $12.63 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.

The official website for Western Digital is http://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]