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NASDAQ:WDC

Western Digital (WDC) Stock Forecast, Price & News

$57.07
+0.26 (+0.46%)
(As of 05/23/2022 03:41 PM ET)
Add
Compare
Today's Range
$57.03
$58.04
50-Day Range
$45.94
$62.86
52-Week Range
$43.85
$78.19
Volume
148,040 shs
Average Volume
4.28 million shs
Market Capitalization
$17.87 billion
P/E Ratio
9.89
Dividend Yield
N/A
Beta
1.42
30 days | 90 days | 365 days | Advanced Chart
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Western Digital logo

About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video 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, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. 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 for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

Headlines

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Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:WDC
CUSIP
95810210
Employees
65,600
Year Founded
1970

Sales & Book Value

Annual Sales
$16.92 billion
Cash Flow
$7.72 per share
Book Value
$38.27 per share

Profitability

Net Income
$821 million
Pretax Margin
11.51%

Debt

Price-To-Earnings

Miscellaneous

Free Float
312,636,000
Market Cap
$17.87 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/28/2022
Today
5/23/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/03/2022

Social Links


MarketRank

Overall MarketRank

2.66 out of 5 stars

Computer And Technology Sector

87th out of 919 stocks

Computer Storage Devices Industry

3rd out of 6 stocks

Analyst Opinion: 3.3Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Western Digital (NASDAQ:WDC) Frequently Asked Questions

Is Western Digital a buy right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last twelve months. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Western Digital stock.
View analyst ratings for Western Digital
or view top-rated stocks.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Western Digital
.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) announced its quarterly earnings data on Thursday, April, 28th. The data storage provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.14. The data storage provider earned $4.38 billion during the quarter, compared to analyst estimates of $4.34 billion. Western Digital had a trailing twelve-month return on equity of 20.88% and a net margin of 9.49%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS.
View Western Digital's earnings history
.

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

Western Digital issued an update on its fourth quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $1.60-$1.90 for the period, compared to the consensus estimate of $1.69. The company issued revenue guidance of $4.50 billion-$4.70 billion, compared to the consensus revenue estimate of $4.36 billion.

What price target have analysts set for WDC?

17 brokers have issued 1 year price objectives for Western Digital's stock. Their forecasts range from $50.00 to $90.00. On average, they expect Western Digital's stock price to reach $70.47 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
View analysts' price targets for Western Digital
or view top-rated stocks among Wall Street analysts.

Who are Western Digital's key executives?
Western Digital's management team includes the following people:
  • Mr. David V. Goeckeler, CEO & Director (Age 60, Pay $4.61M)
  • Dr. Srinivasan Sivaram, Pres of Technology & Strategy (Age 62, Pay $2.14M) (LinkedIn Profile)
  • Mr. Michael Charles Ray Ph.D., Chief Legal Officer, Exec. VP & Sec. (Age 54, Pay $1.92M) (LinkedIn Profile)
  • Mr. Robert K. Eulau, Advisory (Age 60, Pay $1.79M)
  • Mr. Robert W. Soderbery, Exec. VP & GM of New Flash Bus. Unit (Age 55, Pay $2.55M)
  • Mr. Wissam Jabre, Exec. VP & Chief Financial Officer
  • Mr. Tiang Yew Tan, Exec. VP of Global Operations (Age 52)
  • Mr. C. Wesley M. Scott, Chief Investment Officer
  • Mr. Gene M. Zamiska, Sr. VP of Global Accounting & Chief Accounting Officer (Age 60) (LinkedIn Profile)
  • Mr. T. Peter Andrew, VP of Investor Relations
What is David Goeckeler's approval rating as Western Digital's CEO?

70 employees have rated Western Digital CEO David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among Western Digital's employees.

Who are some of Western Digital's key competitors?
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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.15%), DNB Asset Management AS (2.41%), Sanders Capital LLC (2.32%), Clearbridge Investments LLC (1.98%), Parnassus Investments LLC (1.64%) and Lyrical Asset Management LP (1.31%). Company insiders that own Western Digital stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Michael Charles Ray, Paula A Price and Srinivasan Sivaram.
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 Daiwa Securities Group Inc., Clearbridge Investments LLC, Prudential Financial Inc., KBC Group NV, UBS Group AG, Bank of Nova Scotia, APG Asset Management N.V., and Allianz Asset Management GmbH. Company insiders that have sold Western Digital company stock in the last year include Gene M Zamiska, Lori S Sundberg, Paula A Price, and Srinivasan Sivaram.
View insider buying and selling activity for Western Digital
or view top insider-selling stocks.

Which institutional investors are buying Western Digital stock?

WDC stock was bought by a variety of institutional investors in the last quarter, including MUFG Securities EMEA plc, Renaissance Technologies LLC, Sanders Capital LLC, DNB Asset Management AS, Thompson Siegel & Walmsley LLC, Hsbc Holdings PLC, J. Goldman & Co LP, and Simplex Trading LLC.
View insider buying and selling activity for Western Digital
or or view top insider-buying stocks.

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 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 $57.31.

How much money does Western Digital make?

Western Digital has a market capitalization of $17.95 billion and generates $16.92 billion in revenue each year. The data storage provider earns $821 million in net income (profit) each year or $5.769990 on an earnings per share basis.

How many employees does Western Digital have?

Western Digital employs 65,600 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.

When was Western Digital founded?

Western Digital was founded in 1970.

What is Western Digital's official website?

The official website for Western Digital is 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, via email at [email protected], or via fax at 949-672-5408.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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