NASDAQ:WDC

Western Digital Stock Forecast, Price & News

$64.93

+0.47 (+0.73 %)

(As of 07/30/2021 12:00 AM ET)

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Today's Range

$63.58

▼

$65.38

50-Day Range

$62.36

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$77.17

52-Week Range

$33.53

▼

$78.19

Volume2.43 million shs

Average Volume3.22 million shs

Market Capitalization$19.90 billion

P/E Ratio57.97

Dividend YieldN/A

Beta1.6

30 days | 90 days | 365 days | Advanced Chart

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About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions. 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; flash-based memory wafers; and embedded storage solutions and flash products. 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; and data storage platforms and systems. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and still and action video cameras; 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, resellers, and retailers. It operates in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. 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
Current SymbolNASDAQ:WDC
Previous Symbol
CUSIP95810210
CIK106040
Webwww.westerndigital.com
Phone408-717-6000
Employees63,800
Year Founded1970

Sales & Book Value

Annual Sales$16.74 billion
Price / Sales1.19
Cash Flow$7.65 per share
Price / Cash Flow8.49
Book Value$31.87 per share
Price / Book2.04

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares306,450,000
Market Cap$19.90 billion
Next Earnings Date8/4/2021 (Confirmed)
OptionableOptionable

Social Links

MarketRank^™

Overall MarketRank^™

2.39 out of 5 stars

3.4 Analyst's Opinion

Consensus Rating
Western Digital has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.40, Western Digital has a forecasted upside of 31.5% from its current price of $64.93.
Amount of Analyst Coverage
Western Digital has only been the subject of 4 research reports in the past 90 days.

5.0 Community Rank

Outperform Votes
Western Digital has received 1,962 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Digital has received 602 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Digital has received 76.52% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Western Digital does not currently pay a dividend.
Dividend Growth
Western Digital does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Digital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.12% of the stock of Western Digital is held by insiders.
Percentage Held by Institutions
77.87% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Western Digital are expected to grow by 196.33% in the coming year, from $3.00 to $8.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Digital is 57.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Digital is 57.97, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 43.61.
Price to Book Value per Share Ratio
Western Digital has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Western Digital (NASDAQ:WDC) Frequently Asked Questions

Is Western Digital a buy right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 3 hold ratings and 18 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.

What stocks does MarketBeat like better than Western Digital?

Wall Street analysts have given Western Digital a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Western Digital wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Western Digital.

How can I listen to Western Digital's earnings call?

Western Digital will be holding an earnings conference call on Wednesday, August 4th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) posted its earnings results on Thursday, April, 29th. The data storage provider reported $1.02 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.54. The data storage provider had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $3.97 billion. Western Digital had a trailing twelve-month return on equity of 8.34% and a net margin of 2.13%.
View Western Digital's earnings history.

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

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WDC shares have increased by 43.8% and is now trading at $64.93.
View which stocks have been most impacted by COVID-19.

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

Western Digital issued an update on its fourth quarter 2021 earnings guidance on Thursday, May, 6th. The company provided EPS guidance of 1.300-1.600 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.020. The company issued revenue guidance of $4.40 billion-$4.60 billion, compared to the consensus revenue estimate of $4.26 billion.

What price target have analysts set for WDC?

21 Wall Street analysts have issued 12 month target prices for Western Digital's shares. Their forecasts range from $50.00 to $124.00. On average, they expect Western Digital's share price to reach $85.40 in the next year. This suggests a possible upside of 31.5% 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 59, Pay $4.58M)
Mr. Robert K. Eulau, Exec. VP & CFO (Age 59, Pay $1.77M)
Dr. Srinivasan Sivaram, Pres of Technology & Strategy (Age 61, Pay $1.52M)
Mr. Michael Charles Ray, Chief Legal Officer, Exec. VP & Sec. (Age 53, Pay $1.67M)
Ms. Lori Sundberg, Exec. VP & Chief HR Officer (Age 57, Pay $1.09M)
Mr. Sean Hunkler, Exec. VP of Global Operations (Age 59)
Mr. C. Wesley M. Scott, Chief Investment Officer
Mr. Gene M. Zamiska, VP of Global Accounting & Chief Accounting Officer (Age 59)
Mr. T. Peter Andrew, VP of Investor Relations
Mr. David Tang, Sr. VP of Corp. Marketing (Age 56)

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?

Some companies that are related to Western Digital include Seagate Technology (STX), NetApp (NTAP), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of WDC's 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 number of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (2.01%), Deroy & Devereaux Private Investment Counsel Inc. (0.14%), Nexus Investment Management ULC (0.11%), Oregon Public Employees Retirement Fund (0.06%), State of Alaska Department of Revenue (0.05%) and Livforsakringsbolaget Skandia Omsesidigt (0.02%). Company insiders that own Western Digital stock include Lori S Sundberg, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Michael D Cordano 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 Cutler Group LP, Oregon Public Employees Retirement Fund, Miracle Mile Advisors LLC, MUFG Securities EMEA plc, Deroy & Devereaux Private Investment Counsel Inc., Sound Income Strategies LLC, Arden Trust Co, and V Wealth Advisors LLC.
View insider buying and selling activity for Western Digital or view top insider-selling stocks.

Which major investors are buying Western Digital stock?

WDC stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., State of Alaska Department of Revenue, IFM Investors Pty Ltd, Livforsakringsbolaget Skandia Omsesidigt, Keudell Morrison Wealth Management, BKD Wealth Advisors LLC, Nexus Investment Management ULC, and New Mexico Educational Retirement Board.
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 $64.93.

How much money does Western Digital make?

Western Digital has a market capitalization of $19.90 billion and generates $16.74 billion in revenue each year. The data storage provider earns $-250,000,000.00 in net income (profit) each year or $2.24 on an earnings per share basis.

How many employees does Western Digital have?

Western Digital employs 63,800 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 Multisystems Ltd., Fusion-io (Beijing) Info Tech Co. Ltd, Fusion-io Holdings S.A.R.L., Fusion-io LLC, Fusion-io Poland SP.Z.O.O., Fusion-io Singapore Private Ltd, HGSP (Shenzhen) Co. Ltd., HGSP Holdco Hong Kong Limited, HGST, HGST (Shenzhen) Co. Ltd., HGST (Thailand) Ltd., HGST Asia Pte. Ltd., HGST Consulting (Shanghai) Co. Ltd., HGST Europe Ltd., HGST Inc., HGST Japan Ltd., HGST Malaysia Sdn. Bhd., HGST Netherlands B.V., HGST Philippines Corp., HGST Singapore Pte. Ltd., HGST Technologies India Private Limited, HGST Technologies Malaysia Sdn. Bhd., HICAP Properties Corp., Kazan Networks, Keen Personal Media Inc., Komag, Pacifica Insurance Corporation, Prestadora SD S. de R.L. de C.V., Read-Rite Philippines Inc., SD International Holdings Ltd., SMART Storage Systems GmbH, STEC Bermuda LP, STEC Europe B.V., STEC International Holding Inc., STEC Italy SRL, STEC R&D Limited, SanDisk, SanDisk (Cayman) Limited, SanDisk (Ireland) Limited, SanDisk 3D IP Holdings Ltd, SanDisk B.V., SanDisk Bermuda Limited, SanDisk Bermuda Unlimited, SanDisk BiCS IP Holdings Ltd, SanDisk Brasil Participações Ltda., SanDisk C.V., SanDisk China LLC, SanDisk China Limited, SanDisk Equipment Y.K., SanDisk Flash B.V., SanDisk France SAS, SanDisk G.K., 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., SanDisk International Limited, SanDisk International Middle East FZE, SanDisk Italy S.R.L., SanDisk Korea Limited, SanDisk LLC, SanDisk Latin America Holdings LLC, SanDisk Limited, SanDisk Malaysia Sdn. Bhd., SanDisk Manufacturing Americas LLC, SanDisk Manufacturing Unlimited Company, SanDisk Operations Holdings Limited, SanDisk Pazarlama Ve Ticaret Limited Sirketi, SanDisk Scotland Limited, SanDisk Semiconductor (Shanghai) Co. Ltd., SanDisk Spain S.L.U., SanDisk Storage Malaysia Sdn. Bhd., SanDisk Sweden AB, SanDisk Switzerland Sarl, SanDisk Taiwan Limited, SanDisk Technologies India Private Limited, SanDisk Technologies LLC, SanDisk Trading (Shanghai) Co. Ltd., SanDisk Trading Holdings Limited, SanDisk UK Limited, Sandbox Expansion LLC, SiliconSystems, Stec's, Suntech Realty Inc., Tegile Systems, Upthere, VeloBit, Virident Systems, Virident Systems International Holdings Ltd., Virident Systems LLC, WD Media (Malaysia) Sdn., WD Media (Singapore) Pte. Ltd., Western Digital (Argentina) S.A., Western Digital (France) SARL, Western Digital (I.S.) Limited, Western Digital (Malaysia) Sdn. Bhd., Western Digital (S.E. Asia) Pte Ltd, Western Digital (Singapore) Pte. Ltd., Western Digital (Thailand) Company Limited, Western Digital (UK) Limited, Western Digital Australia Pty Ltd, Western Digital Canada Corporation, Western Digital Capital Global Ltd., Western Digital Capital LLC, Western Digital Denmark ApS, Western Digital Deutschland GmbH, Western Digital Do Brasil Comercio E Distribuicao De Produtos De Informatica Ltda., Western Digital Federal LLC, Western Digital Hong Kong Limited, Western Digital Information Technology (Shanghai) Company Ltd., Western Digital International Ltd., Western Digital Ireland Ltd., Western Digital Israel Ltd., Western Digital Japan Ltd., Western Digital Korea Ltd., Western Digital Latin America Inc., Western Digital Netherlands B.V., Western Digital Taiwan Co. Ltd., Western Digital Tech and Regional Center (M) Sdn. Bhd., and Western Digital Technologies Inc..

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.

Where are Western Digital's headquarters?

Western Digital is headquartered at 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119.

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 7/31/2021 by MarketBeat.com Staff

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