Seagate Showcases Solid Operational Execution Through This Demand Downturn [Seeking Alpha]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Seeking Alpha
Seagate Showcases Solid Operational Execution Through This Demand Downturn Last Earnings Consideration The storage devices industry is experiencing a near-term demand downturn, reflected in the last quarterly earnings posted by main leader companies. Western Digital ( WDC STX Seagate´s revenue decline was principally due to price erosion and the decrease in exabytes shipped. Also, its gross margin came in at 29.2% down from 30.5% sequentially, driven by the deterioration in the nearline volumes sold. Source: Data from company filings. We detect a sudden halt both in capacity shipped and in nearline demand. Nearline applications comprise those which require high capacity and energy efficient storage solutions, like storage for cloud computing, content delivery, and backup services; in contrast with the mission-critical segment, comprising applications that are vital to the operations of large-scale enterprise workloads, requiring high performance, an area where SSDs are a no-brainer wi
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WDC
News
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Morgan Stanley from $73.00 to $83.00. They now have an "overweight" rating on the stock.MarketBeat
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Bank of America Co. from $75.00 to $85.00. They now have a "buy" rating on the stock.MarketBeat
- Wall Street Analysts See Western Digital (WDC) as a Buy: Should You Invest? [Yahoo! Finance]Yahoo! Finance
- Western Digital (WDC) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Western Digital: The Upside Is Just Beginning - Initiating With A Buy [Seeking Alpha]Seeking Alpha
WDC
Earnings
- 1/25/24 - Beat
WDC
Sec Filings
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- 4/2/24 - Form 4
- WDC's page on the SEC website