Summit Insights downgraded Western Digital from Buy to Hold
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $95.00 → $80.00 | Buy | TD Cowen |
| 8/1/2024 | Buy → Hold | Summit Insights | |
| 5/14/2024 | $90.00 | Buy | Citigroup |
| 4/26/2024 | $85.00 | Hold → Buy | The Benchmark Company |
| 4/22/2024 | Outperform → Mkt Perform | Raymond James | |
| 4/5/2024 | $65.00 → $115.00 | Neutral → Buy | Rosenblatt |
| 3/27/2024 | $80.00 | Outperform | Evercore ISI |
| 1/26/2024 | $50.00 → $75.00 | Outperform | TD Cowen |
Analysts' ratings for Western Digital (NASDAQ:WDC) over the last quarter vary from bullish to bearish, as provided by 15 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 7 1 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 3 1 1 0 0 3M Ago 3 4 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $92.8, a high estimate of $115.00, and a low estimate of $85.00. Marking an increase of 9.07%, the current average surpasse
Wedbush analyst Matt Bryson maintains Western Digital (NASDAQ:WDC) with a Outperform and raises the price target from $85 to $95.
News Summary First quarter revenue was $4.10 billion, up 9% sequentially (QoQ). Cloud revenue increased 17% (QoQ), Client and Consumer revenue remained flat (QoQ). First quarter GAAP earnings per share (EPS) was $1.35 and Non-GAAP EPS was $1.78. Expect fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion. Expect Non-GAAP EPS in the range of $1.75 to $2.05. Western Digital Corp. (NASDAQ:WDC) today reported fiscal first quarter financial results. "Western Digital's performance in the fiscal first quarter demonstrates our commitment to operational excellence and disciplined capital investment as our focus on lasting quality and reliability, driven
Western Digital Corp. (NASDAQ:WDC) plans to announce its first quarter fiscal year 2025 financial results after the market closes on Thursday, October 24, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the world
News Summary Fourth quarter revenue was $3.76 billion, up 9% sequentially (QoQ). Cloud revenue increased 21% (QoQ), Client revenue increased 3% (QoQ) and Consumer revenue decreased 7% (QoQ). Fiscal year 2024 revenue was $13.00 billion. Fourth quarter GAAP earnings per share (EPS) was $0.88 and Non-GAAP EPS was $1.44. Fiscal year 2024 GAAP EPS was $(1.72) and Non-GAAP EPS was $(0.20). Expect fiscal first quarter 2025 revenue to be in the range of $4.00 billion to $4.20 billion. Expect Non-GAAP EPS in the range of $1.55 to $1.85. Western Digital Corp. (NASDAQ:WDC) today reported fiscal fourth quarter and fiscal year 2024 financial results. "Our fourth quarter and fiscal year
News Summary First quarter revenue was $4.10 billion, up 9% sequentially (QoQ). Cloud revenue increased 17% (QoQ), Client and Consumer revenue remained flat (QoQ). First quarter GAAP earnings per share (EPS) was $1.35 and Non-GAAP EPS was $1.78. Expect fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion. Expect Non-GAAP EPS in the range of $1.75 to $2.05. Western Digital Corp. (NASDAQ:WDC) today reported fiscal first quarter financial results. "Western Digital's performance in the fiscal first quarter demonstrates our commitment to operational excellence and disciplined capital investment as our focus on lasting quality and reliability, driven
Company Leads Industry with New 11-disk UltraSMR HDDs up to 32TB and CMR HDDs up to 26TB, Offering Superior TCO for Hyperscale, Cloud and Enterprise Data Center Customers More than just storage, Western Digital HDDs are key enablers for businesses looking to optimize their infrastructure, lower TCO and future-proof their data strategies. Constantly innovating to meet the needs of our data-driven world, Western Digital (NASDAQ:WDC) today announced that it is now shipping the world's highest capacity UltraSMR HDD with up to 32TB 1 leveraging the time-tested, reliable energy-assisted PMR (ePMR) recording technology for hyperscalers, CSPs and enterprises. For those who want a drop-in ready HDD
Western Digital Corp. (NASDAQ:WDC) today announced that its PCIe® Gen5 DC SN861 E.1S enterprise-class NVMe™ SSDs have been certified to support the NVIDIA® GB200 NVL72 rack-scale system. The rapid rise of AI, ML, and large language models (LLMs) is creating a challenge for companies with two opposing forces. Data generation and consumption are accelerating, while organizations face pressure to quickly derive value from this data. Performance, scalability, and efficiency are essential for AI technology stacks as storage demands rise. Certified to be compatible with the GB200 NVL72 system, Western Digital's enterprise SSD addresses the growing needs of the AI market for high-speed accelerate
4 - WESTERN DIGITAL CORP (0000106040) (Issuer)
4 - WESTERN DIGITAL CORP (0000106040) (Issuer)
4 - WESTERN DIGITAL CORP (0000106040) (Issuer)
10-Q - WESTERN DIGITAL CORP (0000106040) (Filer)
8-K - WESTERN DIGITAL CORP (0000106040) (Filer)
424B7 - WESTERN DIGITAL CORP (0000106040) (Filer)
TD Cowen reiterated coverage of Western Digital with a rating of Buy and set a new price target of $80.00 from $95.00 previously
Summit Insights downgraded Western Digital from Buy to Hold
Citigroup initiated coverage of Western Digital with a rating of Buy and set a new price target of $90.00
Momentum Continues Across Broad Scope of Transaction Activities Company Appoints Key Executive Leaders for Flash and HDD Companies Western Digital Corp. (NASDAQ:WDC) ("Western Digital" or "the Company") today provided an update on its previously announced plan to separate into two independent, publicly traded companies. On track for the second half of calendar year 2024, significant progress towards the completion of the separation is underway with key transactional projects including global legal entity establishment, customer and supplier contract transfers, final stage preparation for government filings, and initial executive leadership appointments for both HDD and Flash companies p
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced the Company's Board of Directors has appointed Scott Graziano as Global General Counsel; he will be based at the Company's Gardena, California, main campus near Los Angeles, effective immediately. In his new role, Mr. Graziano will report to the CEO of FF, and will serve on the Company's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230925744903/en/Faraday Future Appoints Scott Graziano, Senior Legal Executive wi
Western Digital Corp. (NASDAQ:WDC) today announced that Dr. Thomas (Tom) Caulfield and Miyuki Suzuki have been appointed to its board of directors effective July 6, 2021. Caulfield, currently CEO of GLOBALFOUNDRIES® and Suzuki, a Japanese-based, Fortune 100 business leader, bring semiconductor and global operating experience that complements Western Digital's growth and innovation strategy. "With semiconductor operations across the Asia-Pacific region including our joint venture with Kioxia in Japan, Western Digital makes significant investment in developing memory technology that is extremely complex. This innovation is foundational to the data infrastructure that people around the world
SC 13G - WESTERN DIGITAL CORP (0000106040) (Subject)
SC 13G - WESTERN DIGITAL CORP (0000106040) (Subject)
SC 13G/A - WESTERN DIGITAL CORP (0000106040) (Subject)