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Western Digital Corporation (WDC)

NASDAQ
Currency in USD
71.07
-1.04(-1.44%)
Closed
After Hours
71.060.00(0.00%)
WDC Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
70.6772.68
52 wk Range
48.3981.55
Key Statistics
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Prev. Close
72.11
Open
72.41
Day's Range
70.67-72.68
52 wk Range
48.39-81.55
Volume
3.76M
Average Volume (3m)
5.03M
1-Year Change
50.2%
Book Value / Share
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Fair Value
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Fair Value Upside
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WDC Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
89.81
Upside
+26.37%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
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Western Digital Corporation Company Profile

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 desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and 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. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, artificial intelligence-related workloads, data analysis, and other enterprise applications; and data storage platforms. In addition, it offers 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 backup of created content, as well as wireless streaming of high-definition movies, photos, music, 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.

Western Digital Corporation SWOT Analysis


Storage Giant's Pivot
Western Digital's planned spin-off of its NAND flash business signals a strategic shift, potentially unlocking value and reshaping the company's market position
Margin Momentum
Explore Western Digital's impressive margin expansion, with gross margins reaching 36.3% and projections suggesting further growth to 37-39% in the near term
Innovation Drive
Delve into Western Digital's technological advancements, including BiCS6 and BiCS8 roadmaps and CMOS Directly Bonded to Array, poised to enhance performance and cost efficiency
Analyst Optimism
Analysts project robust growth, with price targets ranging from $80 to $100, and earnings potential of $9+ per share in 2025 and $10+ in 2026
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Western Digital Corporation Earnings Call Summary for Q4/2024

  • Western Digital reports Q1 revenue of $4.1B, EPS of $1.78, and non-GAAP gross margin of 38.5%
  • Flash revenue at $1.9B, HDD at $2.2B; growth driven by AI Data Cycle demand
  • Separation of Flash and HDD businesses expected to complete by end of fiscal Q2
  • Q2 guidance: Revenue $4.2B-$4.4B, EPS $1.75-$2.05, gross margins 37%-39%
  • Record HDD margins due to UltraSMR tech; strong nearline demand and enterprise SSD growth anticipated
Last Updated: 10/26/2024, 03:26 AM
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Compare WDC to Peers and Sector

Metrics to compare
WDC
Peers
Sector
Relationship
P/E Ratio
74.7x−2.8x11.1x
PEG Ratio
0.670.030.01
Price/Book
2.1x0.4x2.4x
Price / LTM Sales
1.7x0.9x2.1x
Upside (Analyst Target)
24.3%23.2%19.0%
Fair Value Upside
Unlock11.0%3.3%Unlock

Analysts' Recommendations

18 Buy
8 Hold
0 Sell
Ratings:
21 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 89.81

(+26.37% Upside)

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FAQ

What Is the Western Digital (WDC) Stock Price Today?

The Western Digital stock price today is 71.07

What Stock Exchange Does Western Digital Trade On?

Western Digital is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Western Digital?

The stock symbol for Western Digital is "WDC."

What Is the Western Digital Market Cap?

As of today, Western Digital market cap is 24.57B.

What is Western Digital Earnings Per Share?

The Western Digital EPS is 0.993.

What Is the Next Western Digital Earnings Date?

Western Digital will release its next earnings report on Jan 22, 2025.

From a Technical Analysis Perspective, Is WDC a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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