Huawei's Magneto-Electric Drive And Western Digital Separation Update [Forbes]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Forbes
Trade restrictions can have unexpected consequences. At the 2024 Mobile World Congress in Barcelona I had a chance to visit Huawei and see consumer, telecom and enterprise solutions from the company. In the consumer products they spoke to me about moving their mobile devices to their own operating systems and off of Android, because of those restrictions. Another interesting and related development is that Huawei said they can't get the latest hard disk drives, many of which are made by US-based companies Seagate and Western Digital. As a consequence, they were announcing OceanProtect all flash backup appliances and a new storage device (magneto-electric storage) tied to their archive storage solution, Oceanstor Arctic. The all flash backup appliances were the OceanProtect X9000 for high-performance backup and the OceanProtect E8000 for high-capacity backup. I expect that the flash memory used in Huawei products come out of China. In their media event Huawei spoke about their exp
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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