Should You Pick Western Digital Stock At $65 After 25% Gains This Year? [Forbes]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Forbes
Western Digital WDC (NASDAQ: WDC) recently provided an update on its plan to split the company into two verticals - hard drive and NAND business. The current CEO of Western Digital - David Goeckeler - will head the NAND flash memory spinoff company, while Irving Tan, currently executive vice president of global operations, will assume the leadership role for the standalone hard disk company. The spinoff is expected to be completed in the second half of this year, and it is largely seen as positive for the company. The company also reported upbeat Q2'24 results (the fiscal ends in June) in late January, with revenue of $3.0 billion and a loss of $0.69 per share, compared to the consensus estimate of $3.0 billion in sales and a loss of $1.13 per share. WDC stock has surged over 25% this year amid its restructuring plans as well as Q2 earnings beat. Looking at WDC's stock performance over a slightly longer term, WDC stock has witnessed gains of 20% from levels of $55 in early Januar
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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