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Western Digital (WDC)
NASDAQ:WDC
Western Digital (WDC) Stock Price & Analysis
4,933 Followers
WDC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$35.62 - $81.55
Previous Close$77.79
Volume2.31M
Average Volume (3M)5.76M
Market Cap
$25.40B
Enterprise Value$31.31B
Total Cash (Recent Filing)$2.48B
Total Debt (Recent Filing)$8.39B
Price to Earnings (P/E)―
Beta1.78
Next Earnings
Jul 31, 2024EPS Estimate
$1.15Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-5.03
Shares Outstanding326,524,668
10 Day Avg. Volume5,404,480
30 Day Avg. Volume5,762,666
Standard Deviation0.13
R-Squared0.33
Alpha0.00328
Financial Highlights & Ratios
Price to Book (P/B)29.88
Price to Sales (P/S)2.01
Price to Cash Flow (P/CF)-67.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.65
Enterprise Value/Gross Profit16.59
Enterprise Value/Ebitda-46.53
Forecast
1Y Price Target
$90.38Price Target Upside17.12% 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
Bulls Say, Bears Say
Bulls Say
Business StrategyThe company's pre-Flash spin Analyst Day is expected to be a positive catalyst as the company will likely provide details on both companies’ independent operating models and planned capital/asset structure.
Market PerformanceReported revenue of $3,457M, +23% Y/Y and +14% Q/Q, exceeded the guide of $3.20B-$3.40B and above SFG/consensus estimates of $3,350M/$3,151M.
Product DevelopmentWD is now shipping samples of its next-gen 32TB UltraSMR ePMR nearline HDDs to select customers.
Bears Say
Financial PerformanceThe economics of migrating to higher layer count 3D structure have declined due to escalating cost all while demand elasticity has been disappointing, resulting in poor operating margins.
Market ShareWestern Digital has continued to have a very small share position - sub-5% EB ship share in most recent quarter.
Pricing GuidanceA conservative guidance on NAND pricing for the June quarter could cause some pullback in shares given higher investor expectations.
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Ownership Overview
5.71% Insiders
26.25% Mutual Funds
25.77% Other Institutional Investors
42.27% 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 $81.55 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 25 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 $1.15.
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
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$90.38 (17.12% Upside)
$90.38 (17.12% Upside)
Blogger Sentiment
Bullish
WDC Sentiment 93%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 934.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 6.2%
Last 30 Days ▲ 6.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
101.99%
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
$90.38
▲(17.12% Upside)
Technical Analysis
Best Analysts Covering WDC
1 Year
1 Year Success Rate
20/33 ratings generated profit
1 Year Average Return
+18.57%
reiterated a buy rating 2 months 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 +18.57% per trade.
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