Why Won't Western Digital Shares Stage A Comeback? [Seeking Alpha]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investor.wdc.com
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Source: Seeking Alpha
Ever since Western Digital ( WDC ) reported quarterly earnings that included a weak outlook for NAND storage, shares kept falling. With the stock also offering a generous dividend yield, investors are not on board with the company at this time. In the last three weeks, five out of the last six analyst ratings were an unconvincing “hold” with just one analyst calling WDC stock a “buy.” As the P/E continues to compress and the stock closes at new lows, when will it stage a comeback? In the last three weeks, Western Digital earned only one upgrade. Analyst Christian Schwab of Craig-Hallum, which tipranks ranked as #448 out of 5,108 analysts, set a $59 price target. The upside of over 40% requires that the oversupply in the flash market will normalize, trade tensions ease, and global macro-economic environment improve. All three potential catalysts are hard to predict. Still, as in previous semiconductor cycles, the excess supply and weak pricing always work the
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News
- Western Digital (WDC) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]Yahoo! Finance
- Seagate gets upgrade at Wedbush citing HAMR drive technology on horizon [Seeking Alpha]Seeking Alpha
- Western Digital Corporation (NASDAQ:WDC) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Solid-State Drive (SSD) Insights Q1 2024 - SSD Petabyte Shipments Mark a Record High in Q4 2023 [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- WDC's page on the SEC website