Western Digital: Even Without The Spin-Off, The Company Remains Undervalued [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
The company plans to separate its HDD and Flash business units, which may enhance its stock price and financial flexibility. Despite risks related to debt, tariffs, and taxes, Western Digital remains a buy due to expected FCF growth. Western Digital Corporation ( NASDAQ: WDC ) recently delivered better than expected EPS, and 21 different analysts increased their EPS expectations . I believe that the recent separation of two business units reported by WDC, which may take place in 2024 may explain the recent optimism. In any case, given recent restructuring efforts, without the split, future FCF growth would justify a higher stock valuation. I do believe that risks related to the debt, tariffs, and taxes are worth considering. However, I think that WDC remains a buy given expected FCF. Western Digital Corporation This is a manufacturing company and provider of digital storage services, both through NAND Flash and hard drive technologies, with a variety of clients ranging from i
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WDC
News
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Evercore ISI from $80.00 to $85.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Digital Co. (NASDAQ: WDC) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $85.00 price target on the stock.MarketBeat
- Western Digital (WDC) Q3 Earnings & Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Robert W. Baird from $65.00 to $100.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Morgan Stanley from $83.00 to $86.00. They now have an "overweight" rating on the stock.MarketBeat
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- WDC's page on the SEC website