Key Details
Price
$71.70Last Dividend
$0.50PE Ratio
43.72Annual ROE
-6.97%Beta
1.83Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 24, 2024Recent annual earnings:
July 31, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Apr 02, 2020Next split:
N/ARecent split:
June 04, 1997Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Western Digital's shares have risen about 35% this year, thanks to solid earnings in the first quarter and plans to separate its flash and HDD divisions. The growing demand for memory chips, fueled by the AI boom, is improving the company's revenue and profit margins, particularly in enterprise data centers. With a forward price-to-earnings ratio of around 9, Western Digital appears to be undervalued compared to its competitors, indicating there may be more growth potential after the spin-off.
Western Digital (WDC) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.
Western Digital Corp. (NASDAQ: WDC) has announced that its management will take part in several upcoming investor conferences. The UBS Global Technology and AI Conference is scheduled for December 3, 2024, while the Wells Fargo 8th Annual TMT Summit will take place on December 4, 2024. Additionally, the Nasdaq 51st Investor Conference is set for December 10, 2024.
On November 21, 2024, the Semiconductor Industry Association (SIA) revealed that David Goeckeler, the CEO of Western Digital, has been chosen as the Chair of the SIA Board of Directors. The SIA represents almost all of the semiconductor industry in the U.S. by revenue and a significant portion of international chip companies.
Western Digital Corp (WDC) saw a rise in its shares during early trading on Friday, following the release of positive earnings for the first quarter of the fiscal year.
WDC's financial results for the first quarter of 2025 show strong growth in the cloud sector, even though the consumer market is slowing down.
Western Digital Corporation (NASDAQ:WDC) will hold its Q1 2025 Earnings Conference Call on October 24, 2024, at 4:30 PM ET. The call will feature company representatives, including Peter Andrew, David Goeckeler, and Wissam Jabre, along with various analysts from different financial institutions. The operator will begin the call by welcoming participants.
Western Digital (WDC) reported quarterly earnings of $1.78 per share, which is higher than the Zacks Consensus Estimate of $1.74 per share. This is an improvement compared to a loss of $1.76 per share from the same time last year.
Western Digital Corp exceeded Wall Street's expectations for its quarterly profit due to strong demand for its data-storage products from cloud service providers. As a result, its shares rose by 9% in after-hours trading on Thursday.
WDC's financial results for the first quarter are expected to show good performance, mainly due to strong sales in the cloud sector, particularly with increased nearline shipments.
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