In the latest trading session, Western Digital (WDC) closed at $65.30, marking a +0.28% move from the previous day.
Western Digital Corporation (NASDAQ:WDC ) Barclays 22nd Annual Global Technology Conference December 12, 2024 12:15 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - EVP and CFO Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley Welcome back to the Barclays Global Tech Conference. I'm Tom O'Malley, semiconductor and semi cap equipment analyst here at Barclays.
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 ) Nasdaq London Investor Conference December 10, 2024 10:30 AM ET Company Participants Wissam Jabre - EVP and CFO Peter Andrew - VP, Financial Planning and Analyst and IR Conference Call Participants Joe Moore - Morgan Stanley Joe Moore Great. All right, welcome back everybody.
Western Digital's spinoff of HDD and NAND/SSD operations could unlock significant value, positioning it as a key player in AI and data storage growth. The NAND business, acquired from SanDisk, offers substantial growth potential, with analysts valuing it between $10-24 billion, attracting fresh investments and partnerships. The HDD segment remains crucial, providing stable revenue and supporting debt management, while the NAND unit focuses on aggressive growth without debt constraints.
Recently, Zacks.com users have been paying close attention to Western Digital (WDC). This makes it worthwhile to examine what the stock has in store.
Western Digital Corporation (NASDAQ:WDC ) Wells Fargo 8th Annual TMT Summit Conference Call December 4, 2024 12:30 PM ET Company Participants Rob Soderbery - Executive Vice President, Flash Conference Call Participants Aaron Rakers - Wells Fargo Securities Aaron Rakers Perfect. So, why don't we go ahead and get started.
Western Digital Corporation (NASDAQ:WDC ) UBS Global Technology and AI Conference Call December 3, 2024 6:55 PM ET Company Participants David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President and Chief Financial Officer Conference Call Participants Unidentified Analyst We are going to get started. This is the last session of the day.
Western Digital (WDC) closed at $73.43 in the latest trading session, marking a +0.6% move from the prior day.
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 stock has surged ~35% YTD, driven by strong Q1 earnings and plans to spin off its flash and HDD segments. The AI supercycle is boosting demand for memory chips, enhancing Western Digital's revenue and gross margins, especially in enterprise data centers. Western Digital's valuation is attractive at ~9x forward P/E, significantly lower than peers, suggesting potential for further upside post-spin-off.
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.