NASDAQ:WDCWestern Digital Stock Price, Forecast & News

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WDC stock has decreased by 6.0% and is now trading at $42.44. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 7 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 Wednesday, July 29th 2020. View our earnings forecast for Western Digital.

Western Digital Corp (NASDAQ:WDC) posted its earnings results on Thursday, April, 30th. The data storage provider reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.92 by $0.07. The data storage provider had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. Western Digital had a negative net margin of 3.70% and a positive return on equity of 3.42%. The business's revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $0.17 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 paid 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 4.71%. The ex-dividend date of this dividend is Thursday, April 2nd. View Western Digital's dividend history.

Western Digital declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 26th 2018, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 22.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Western Digital issued an update on its fourth quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $1.00-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.20. The company issued revenue guidance of $4.25-4.45 billion, compared to the consensus revenue estimate of $4.25 billion.

26 Wall Street analysts have issued 1 year price objectives for Western Digital's stock. Their forecasts range from $42.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $70.80 in the next twelve months. This suggests a possible upside of 66.8% from the stock's current price. View analysts' price targets for Western Digital.

Headlines about WDC stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Western Digital earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave press coverage about the data storage provider a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the stock's share price in the next few days. View the latest news about Western Digital.

Western Digital saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 11,450,000 shares, an increase of 15.0% from the May 31st total of 9,960,000 shares. Based on an average trading volume of 6,700,000 shares, the short-interest ratio is presently 1.7 days. Approximately 3.9% of the shares of the stock 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). View all competitors.

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), Netflix (NFLX), Visa (V), Applied Materials (AMAT), Cisco Systems (CSCO) and QUALCOMM (QCOM).

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

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 $42.44.

Western Digital has a market capitalization of $12.72 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.

The official website for Western Digital is 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]