Free Trial

Western Digital (WDC) Competitors

$75.77
-0.52 (-0.68%)
(As of 06/21/2024 ET)

WDC vs. NTAP, SYNA, IMMR, IVAC, STX, PSTG, QMCO, ABNB, SNPS, and CRWD

Should you be buying Western Digital stock or one of its competitors? The main competitors of Western Digital include NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO), Airbnb (ABNB), Synopsys (SNPS), and CrowdStrike (CRWD).

Western Digital vs.

NetApp (NASDAQ:NTAP) and Western Digital (NASDAQ:WDC) are both large-cap computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, institutional ownership, valuation, profitability, community ranking and media sentiment.

92.2% of NetApp shares are held by institutional investors. Comparatively, 92.5% of Western Digital shares are held by institutional investors. 0.4% of NetApp shares are held by company insiders. Comparatively, 0.3% of Western Digital shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Western Digital received 902 more outperform votes than NetApp when rated by MarketBeat users. Likewise, 74.12% of users gave Western Digital an outperform vote while only 53.86% of users gave NetApp an outperform vote.

CompanyUnderperformOutperform
NetAppOutperform Votes
1131
53.86%
Underperform Votes
969
46.14%
Western DigitalOutperform Votes
2033
74.12%
Underperform Votes
710
25.88%

NetApp has a net margin of 15.73% compared to NetApp's net margin of -12.87%. Western Digital's return on equity of 114.54% beat NetApp's return on equity.

Company Net Margins Return on Equity Return on Assets
NetApp15.73% 114.54% 11.52%
Western Digital -12.87%-13.75%-5.86%

NetApp has a beta of 1.25, indicating that its share price is 25% more volatile than the S&P 500. Comparatively, Western Digital has a beta of 1.45, indicating that its share price is 45% more volatile than the S&P 500.

In the previous week, Western Digital had 1 more articles in the media than NetApp. MarketBeat recorded 10 mentions for Western Digital and 9 mentions for NetApp. NetApp's average media sentiment score of 0.94 beat Western Digital's score of 0.93 indicating that Western Digital is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
NetApp
5 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Western Digital
6 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

NetApp currently has a consensus price target of $117.81, indicating a potential downside of 7.70%. Western Digital has a consensus price target of $82.09, indicating a potential upside of 8.34%. Given NetApp's stronger consensus rating and higher possible upside, analysts plainly believe Western Digital is more favorable than NetApp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NetApp
1 Sell rating(s)
11 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.24
Western Digital
0 Sell rating(s)
5 Hold rating(s)
19 Buy rating(s)
0 Strong Buy rating(s)
2.79

NetApp has higher earnings, but lower revenue than Western Digital. Western Digital is trading at a lower price-to-earnings ratio than NetApp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NetApp$6.27B4.19$986M$4.6427.51
Western Digital$12.32B2.01-$1.71B-$4.97-15.25

Summary

Western Digital beats NetApp on 10 of the 18 factors compared between the two stocks.

Get Western Digital News Delivered to You Automatically

Sign up to receive the latest news and ratings for WDC and its competitors with MarketBeat's FREE daily newsletter.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding WDC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

WDC vs. The Competition

MetricWestern DigitalComputer storage devices IndustryComputer SectorNASDAQ Exchange
Market Cap$24.74B$18.73B$22.88B$8.42B
Dividend YieldN/A2.15%2.72%4.09%
P/E Ratio-15.25128.90244.1518.10
Price / Sales2.013.33521.0170.08
Price / CashN/A48.2930.9730.94
Price / Book2.2413.466.604.19
Net Income-$1.71B-$245.13M$635.31M$216.41M
7 Day Performance-3.01%-6.42%-0.29%-1.22%
1 Month Performance2.17%5.72%-1.14%-2.31%
1 Year Performance100.13%53.24%13.07%0.05%

Western Digital Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NTAP
NetApp
4.3158 of 5 stars
$127.64
+0.1%
$117.81
-7.7%
+74.0%$26.27B$6.27B27.5111,800High Trading Volume
SYNA
Synaptics
1.8583 of 5 stars
$89.64
+2.3%
$117.67
+31.3%
+8.3%$3.54B$939.30M-33.081,891News Coverage
Positive News
IMMR
Immersion
2.1678 of 5 stars
$10.28
+0.3%
$11.00
+7.0%
+44.4%$327.42M$33.92M7.5014Dividend Announcement
IVAC
Intevac
0 of 5 stars
$3.91
+0.8%
N/A+2.9%$103.93M$52.67M-10.29126Positive News
STX
Seagate Technology
3.4584 of 5 stars
$103.08
+0.4%
$98.29
-4.6%
+68.3%$21.65B$7.38B-79.9133,400Options Volume
Analyst Revision
News Coverage
PSTG
Pure Storage
4.194 of 5 stars
$64.49
-2.2%
$67.42
+4.5%
+75.9%$20.95B$2.93B230.325,600Analyst Forecast
News Coverage
Gap Down
High Trading Volume
QMCO
Quantum
1.8131 of 5 stars
$0.44
+29.2%
$1.15
+159.6%
-58.6%$42.10M$311.60M-1.08850Gap Down
High Trading Volume
ABNB
Airbnb
3.189 of 5 stars
$149.57
+1.1%
$152.38
+1.9%
+16.9%$96.33B$9.92B20.026,907Insider Selling
SNPS
Synopsys
4.3369 of 5 stars
$605.53
-0.8%
$616.18
+1.8%
+42.1%$92.78B$5.84B65.8220,300Positive News
CRWD
CrowdStrike
4.1249 of 5 stars
$380.63
-0.4%
$380.62
0.0%
+161.1%$92.63B$3.06B718.187,925Analyst Forecast
High Trading Volume

Related Companies and Tools

This page (NASDAQ:WDC) was last updated on 6/23/2024 by MarketBeat.com Staff

From Our Partners