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Western Digital (WDC)
NASDAQ:WDC
Western Digital (WDC) Stock Price & Analysis
4,821 Followers
WDC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$35.62 - $76.92
Previous Close$72.1
Volume6.20M
Average Volume (3M)6.80M
Market Cap
$23.54B
Enterprise Value$29.45B
Total Cash (Recent Filing)$2.48B
Total Debt (Recent Filing)$8.39B
Price to Earnings (P/E)-14.3
Beta1.72
Next Earnings
Jul 31, 2024EPS Estimate
$1.14Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-5.03
Shares Outstanding326,524,668
10 Day Avg. Volume5,193,242
30 Day Avg. Volume6,796,513
Standard Deviation0.14
R-Squared0.35
Alpha-0.00041
Financial Highlights & Ratios
Price to Book (P/B)-504.07
Price to Sales (P/S)1.91
Price to Cash Flow (P/CF)-65.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.43
Enterprise Value/Gross Profit15.61
Enterprise Value/Ebitda-44.29
Forecast
1Y Price Target
$88.81Price Target Upside23.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
Western Digital News
PremiumStock Analysis & Ideas
Citigroup Says Buy These 2 Storage Stocks Amid Cyclical Demand Recovery
PremiumStock Analysis & Ideas
SQ, WDC, GDDY: Which Strong Buy Tech Stock Is Best?
Bulls Say, Bears Say
Bulls Say
Earnings And Financial PerformanceWestern Digital reported strong quarterly performance with revenues of $3.5 billion, exceeding consensus estimates, and gross margins are projected to increase, indicating improved profitability.
Market Position And Analyst RatingsAnalyst maintains a Buy rating and an $80 price target, reflecting confidence in Western Digital's financial performance and market positioning.
Product Demand And Sales GrowthStrong demand for Nearline HDD with significant increase in shipments and rise in average selling price, coupled with robust cloud sales growth, showcases Western Digital's expanding market demand.
Bears Say
Cost ManagementIncreasing operating expenses, particularly due to variable compensation, could pressure the company's profit margins.
Product MixA product mix not favoring high-demand items could reduce the potential benefits from NAND memory price increases.
RevenueIf NAND pricing improves, the company's specific product mix may not allow it to fully capitalize on the market's positive momentum.
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Ownership Overview
5.73% Insiders
27.28% Mutual Funds
43.93% Other Institutional Investors
23.06% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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WDC FAQ
What was Western Digital’s price range in the past 12 months?
Western Digital lowest stock price was $35.62 and its highest was $76.92 in the past 12 months.
What is Western Digital’s market cap?
Currently, no data Available
When is Western Digital’s upcoming earnings report date?
Western Digital’s upcoming earnings report date is Jul 31, 2024 which is in 73 days.
How were Western Digital’s earnings last quarter?
Western Digital released its earnings results on Apr 25, 2024. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.217 by $0.413.
Is Western Digital overvalued?
According to Wall Street analysts Western Digital’s price is currently Undervalued.
Does Western Digital pay dividends?
Western Digital pays a Thriceyearly dividend of $0.5 which represents an annual dividend yield of N/A. See more information on Western Digital dividends here
What is Western Digital’s EPS estimate?
Western Digital’s EPS estimate is $1.14.
How many shares outstanding does Western Digital have?
Western Digital has 326,524,660 shares outstanding.
What happened to Western Digital’s price movement after its last earnings report?
Western Digital reported an EPS of $0.63 in its last earnings report, beating expectations of $0.217. Following the earnings report the stock price went up 2.765%.
Which hedge fund is a major shareholder of Western Digital?
Among the largest hedge funds holding Western Digital’s share is Slate Path Capital LP. It holds Western Digital’s shares valued at 361M.
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Western Digital Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$88.81 (23.18% Upside)
$88.81 (23.18% Upside)
Blogger Sentiment
Bullish
WDC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 934.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.2%
Last 30 Days ▲ 10.8%
Last 30 Days ▲ 10.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
94.97%
12-Months-Change
Fundamentals
Return on Equity
-14.28%
Trailing 12-Months
Asset Growth
-5.37%
Trailing 12-Months
Company Description
Western Digital
Western Digital Corp. engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.
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WDC Company Deck
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WDC Earnings Call
Q3 2024
0:00 / 0:00
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WDC Revenue Breakdown
50.78% HDD
49.22% Flash
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WDC Stock 12 Month Forecast
Average Price Target
$88.81
▲(23.18% Upside)
Technical Analysis
Best Analysts Covering WDC
1 Year
1 Year Success Rate
20/33 ratings generated profit
1 Year Average Return
+17.15%
reiterated a buy rating 25 days ago
Copying Tristan Gerra's trades and holding each position for 1 Year would result in 60.61% of your transactions generating a profit, with an average return of +17.15% per trade.
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