Western Digital has fallen sharply after posting strong Q4 results, largely sympathizing with Intel's declines. Western Digital itself, however, is experiencing a surge in memory orders and healthy pricing, which is leading to vastly expanded profitability. The company has good visibility into FY25, given its request to customers to provide a 52-week lead time on incoming orders.
Western Digital Corp (NASDAQ:WDC) stock is sliding today, down 9.5% at $60.70 at last glance, after the computer hardware name's fiscal fourth-quarter revenue miss and disappointing guidance.
Western Digital's (WDC) fiscal fourth-quarter performance is powered by steady momentum in the cloud segment, along with healthy growth in both the client and consumer segments.
Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript
Although the revenue and EPS for Western Digital (WDC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Western Digital (WDC) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to loss of $1.98 per share a year ago.
Western Digital Corp forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling a slower-than-expected recovery in the company's data storage products.
Western Digital's (WDC) fiscal fourth-quarter performance is likely to have benefited from solid momentum in HDD.
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?
Western Digital's (WDC) fiscal fourth-quarter top-line performance is likely to have been driven by strength in the cloud segment, especially higher near-line shipments.
Western Digital (WDC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Evaluate the expected performance of Western Digital (WDC) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.