Zacks.com users have recently been watching Western Digital (WDC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Western Digital (WDC) reported earnings 30 days ago. What's next for the stock?
Western Digital Corporation is undergoing a turnaround, with improved profitability and stability after spinning off its volatile SSD business into SanDisk. The company's focus on HDDs, robust cloud and AI-driven demand, and cost controls have led to margin recovery and operational efficiency. Management guides for mid-to-high single-digit revenue growth and margins exceeding 38%, supporting a more attractive and stable financial profile.
WDC unveils OCCL 2.0, new JBOD and EBOF platforms at Computex 2025, accelerating open, scalable storage for AI, SDS and disaggregated workloads.
WDC announces a $2B share buyback and issues a quarterly dividend, reinforcing its commitment to shareholder returns and long-term growth strategy.
WDC joins forces with Ingrasys to deliver a cutting-edge TOR switch with embedded storage to unlock advancements in AI-driven data centers.
Western Digital (NASDAQ: WDC) stock increased by over 5% in Tuesday's trading and is up by nearly 40% over the past month. What factors are propelling the stock upwards?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Western Digital Corporation (NASDAQ:WDC ) JPMorgan 53rd Annual Technology Media & Communications Conference May 13, 2025 3:10 PM ET Company Participants Kris Sennesael - Chief Financial Officer Irving Tan - Chief Executive Officer Ambrish Srivastava - VP, Investor Relations Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Okay. Perfect. Alright.
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 Corporation NASDAQ: WDC captured investor attention following its fiscal third-quarter 2025 earnings announcement on April 30th, not just for beating profit expectations but also for issuing positive forward guidance that surpassed Western Digital's analyst community's forecasts.
Western Digital rallied after showcasing strong fiscal Q3 results, showcasing over 30% y/y revenue growth amid robust enterprise AI demand. The spin-off of its flash unit to SanDisk allows Western Digital to focus on its thriving HDD business, which continues to see rising ASPs and gross margins. With a forward P/E ratio of 9.7x, Western Digital is attractively priced, offering a compelling entry point as it demonstrates robust earnings power.