Western Digital (WDC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Western Digital (WDC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Shares of Western Digital Corp WDC were spiking in early trading on Friday, after the company reported upbeat fiscal first-quarter earnings.
WDC's fiscal Q1 2025 performance is driven by continued momentum in the cloud segment amid a slowdown in the consumer business.
Western Digital Corporation (NASDAQ:WDC ) Q1 2025 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President of Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President and Chief Financial Officer Conference Call Participants C.J. Muse - Cantor Fitzgerald Joe Moore - Morgan Stanley Karl Ackerman - BNP Paribas Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Wamsi Mohan - Bank of America Harlan Sur - JPMorgan Krish Sankar - TD Cowen Amit Daryanani - Evercore Thomas O'Malley - Barclays Srini Pajjuri - Raymond James Ananda Baruah - Loop Capital Asiya Merchant - Citigroup Steven Fox - Fox Advisors Vijay Rakesh - Mizuho Matthew Bryson - Wedbush Operator Good afternoon and thank you for standing by.
While the top- and bottom-line numbers for Western Digital (WDC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Western Digital (WDC) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to loss of $1.76 per share a year ago.
Western Digital Corp topped Wall Street estimates for quarterly profit on demand for its data-storage products from cloud service providers, sending its shares up 9% in extended trading on Thursday.
Western Digital stock jumped late Thursday, after the data storage company reported a September quarter earnings beat.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
WDC's fiscal first-quarter top-line performance is likely to have been driven by strength in the cloud segment, especially higher nearline shipments.
Beyond analysts' top -and-bottom-line estimates for Western Digital (WDC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.