Western Digital Corporation WDC is set to report first-quarter fiscal 2027 results on Oct. 22, after market close.
In the most recent trading session, Western Digital (WDC) closed at $355.46, indicating a -2.37% shift from the previous trading day.
Western Digital is now a pure-play HDD supplier, deriving 89% of revenue from cloud hyperscalers with multi-year LTAs extending into 2029. I see WDC as undervalued at 17.7x FY2027 EPS, with consensus projecting EPS to double in FY2027 and rise another 60% in FY2028. Q4 delivered 44% revenue growth, 109% EPS growth, 54.4% gross margin, and 34% FCF margin, all above guidance, with a net cash balance sheet.
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 has beaten earnings five straight times, yet the stock keeps falling as a supply threat from a rival threatens to unravel the entire bullish case that has one Wall Street analyst calling for a massive rebound.
WDC's 44% revenue surge, fueled by cloud demand, AI-driven storage needs and favorable pricing, raises questions about growth sustainability in FY27.
Western Digital (WDC) closed at $397.28 in the latest trading session, marking a +1.01% move from the prior day.
Western Digital (WDC) closed the most recent trading day at $393.31, moving 2.99% from the previous trading session.
Western Digital survived two brutal price halvings, a five-year dividend blackout, and an activist breakup campaign before AI storage demand rewrote the story. Whether that rewrite holds depends on one unpredictable customer group controlling 89% of revenue.
Western Digital stock has slumped and moved into a bear market, mirroring the performance of other top companies in the memory industry. WDX was trading at $410, down by 50% from its all-time high, with the market capitalization falling from $258 billion to the current $148 billion.
Western Digital shares sit nearly 45% below their peak while analyst estimates keep climbing, leaving investors to decide whether a supply scare just created a rare buying opportunity or a warning sign the bull story is cracking.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?