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NASDAQ:WDC

Western Digital - WDC Stock Forecast, Price & News

$36.15
-0.60 (-1.63%)
(As of 12/1/2022 11:58 AM ET)
Add
Compare
Today's Range
$36.05
$37.43
50-Day Range
$32.18
$39.75
52-Week Range
$31.56
$69.36
Volume
134,193 shs
Average Volume
3.35 million shs
Market Capitalization
$11.48 billion
P/E Ratio
12.47
Dividend Yield
N/A
Price Target
$49.71

Western Digital MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
36.8% Upside
$49.71 Price Target
Short Interest
Healthy
2.68% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
0.32mentions of Western Digital in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$88,712 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.39) to $2.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Computer And Technology Sector

71st out of 635 stocks

Computer Storage Devices Industry

2nd out of 5 stocks

WDC stock logo

About Western Digital (NASDAQ:WDC) Stock

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 enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, on-line transactions, data analysis, and other enterprise applications; drives are used 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 Western Digital, 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.

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WDC Stock News Headlines

Best Black Friday NAS HDD storage deals
Best Black Friday SSD deals: Nov 24
Western Digital is cutting 251 workers in California
Robert W. Baird Keeps Their Buy Rating on Western Digital (WDC)
See More Headlines
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WDC Company Calendar

Last Earnings
10/27/2022
Today
12/01/2022
Next Earnings (Estimated)
1/26/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:WDC
CUSIP
95810210
Employees
65,000
Year Founded
1970

Price Target and Rating

Average Stock Price Forecast
$49.71
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+37.5%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
18 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
8.60%

Debt

Sales & Book Value

Annual Sales
$18.79 billion
Cash Flow
$10.39 per share
Book Value
$38.11 per share

Miscellaneous

Free Float
317,015,000
Market Cap
$11.48 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives

  • Mr. David V. Goeckeler (Age 60)
    CEO & Director
    Comp: $3.28M
  • Mr. Wissam G. Jabre (Age 52)
    Exec. VP & CFO
    Comp: $812.31k
  • Dr. Sivaram Srinivasan Ph.D. (Age 61)
    Pres of Technology & Strategy
    Comp: $1.64M
  • Mr. Michael Charles Ray Ph.D.Mr. Michael Charles Ray Ph.D. (Age 54)
    Chief Legal Officer, Exec. VP & Sec.
    Comp: $1.76M
  • Mr. Robert W. Soderbery (Age 56)
    Exec. VP & GM of New Flash Bus. Unit
    Comp: $1.42M
  • Mr. Tiang Yew Tan (Age 52)
    Exec. VP of Global Operations
  • Mr. C. Wesley M. Scott
    Chief Investment Officer
  • Mr. Gene M. Zamiska (Age 60)
    Sr. VP of Global Accounting & Chief Accounting Officer
  • Mr. T. Peter Andrew
    VP of Investor Relations
  • Mr. David Tang (Age 57)
    Sr. VP of Corp. Marketing













WDC Stock - Frequently Asked Questions

Should I buy or sell Western Digital stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 3 sell ratings, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WDC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WDC, but not buy additional shares or sell existing shares.
View WDC analyst ratings
or view top-rated stocks.

What is Western Digital's stock price forecast for 2023?

18 brokerages have issued 1 year price targets for Western Digital's shares. Their WDC share price forecasts range from $28.00 to $80.00. On average, they anticipate the company's share price to reach $49.71 in the next twelve months. This suggests a possible upside of 35.3% from the stock's current price.
View analysts price targets for WDC
or view top-rated stocks among Wall Street analysts.

How have WDC shares performed in 2022?

Western Digital's stock was trading at $65.21 at the start of the year. Since then, WDC shares have decreased by 43.6% and is now trading at $36.75.
View the best growth stocks for 2022 here
.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 8,500,000 shares, an increase of 24.5% from the October 31st total of 6,830,000 shares. Based on an average daily volume of 4,830,000 shares, the short-interest ratio is currently 1.8 days.
View Western Digital's Short Interest
.

When is Western Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our WDC earnings forecast
.

How were Western Digital's earnings last quarter?

Western Digital Co. (NASDAQ:WDC) posted its quarterly earnings data on Thursday, October, 27th. The data storage provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.10. The data storage provider earned $3.74 billion during the quarter, compared to analysts' expectations of $3.63 billion. Western Digital had a net margin of 5.25% and a trailing twelve-month return on equity of 12.93%.

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

Western Digital issued an update on its second quarter 2023 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of -$0.25-$0.05 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $2.90 billion-$3.10 billion, compared to the consensus revenue estimate of $3.53 billion.

What is David Goeckeler's approval rating as Western Digital's CEO?

70 employees have rated Western Digital Chief Executive Officer David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among the company's employees.

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.53%), Price T Rowe Associates Inc. MD (3.37%), Sanders Capital LLC (2.61%), Alliancebernstein L.P. (1.64%), DNB Asset Management AS (1.43%) and Boston Partners (1.27%). Insiders that own company stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Michael Charles Ray, Michael D Cordano, Michael D Cordano, Paula A Price, Srinivasan Sivaram and Stephen D Milligan.
View institutional ownership trends
.

How do I buy shares of Western Digital?

Shares of WDC stock 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 $36.75.

How much money does Western Digital make?

Western Digital (NASDAQ:WDC) has a market capitalization of $11.67 billion and generates $18.79 billion in revenue each year. The data storage provider earns $1.50 billion in net income (profit) each year or $2.90 on an earnings per share basis.

How many employees does Western Digital have?

The company employs 65,000 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.
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How can I contact Western Digital?

Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119. The official website for the company is www.westerndigital.com. The data storage provider can be reached via phone at (408) 717-6000, via email at investor@wdc.com, or via fax at 949-672-5408.

This page (NASDAQ:WDC) was last updated on 12/1/2022 by MarketBeat.com Staff