Western Digital Corporation (NASDAQ:WDC) Bank of America 2024 Global Technology Conference June 4, 2024 1:40 PM ET Company Participants Jasmine Nouri - IR Manager Wissam Jabre - EVP and CFO Conference Call Participants Wamsi Mohan - Bank of America Wamsi Mohan Thank you for joining us at BofA's 2024 Tech Conference. Delighted to see many familiar faces over here in the room. I'm Wamsi Mohan. I cover IT Hardware and Supply Chain for Bank of America. We are delighted to welcome Western Digital here to this se ...

Western Digital Corporation (NASDAQ:WDC) Bank of America 2024 Global Technology Conference June 4, 2024 1:40 PM ET Company Participants Jasmine Nouri - IR Manager Wissam Jabre - EVP and CFO Conference Call Participants Wamsi Mohan - Bank of America Wamsi Mohan Thank you for joining us at BofA's 2024 Tech Conference. Delighted to see many familiar faces over here in the room. I'm Wamsi Mohan. I cover IT Hardware and Supply Chain for Bank of America. We are delighted to welcome Western Digital here to this se ...

The most recent trading session ended with Western Digital (WDC) standing at $73.94, reflecting a -1.39% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.15%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.17%.Heading into today, shares of the maker of hard drives for businesses and personal computers had gained 3.28% over the past month, lagging the Computer and Technology sector's gain of 5.13% and outpacing the S&P 5 ...

Western Digital Corporation (NASDAQ:WDC) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 9:05 AM ET Company Participants Peter Andrew - VP, Financial Planning and Analyst and IR David Goeckeler - CEO Conference Call Participants Krish Sankar - TD Cowen Krish Sankar All right. Good morning, everybody. I'm Krish Sankar, the TD Cowen analyst covering Western Digital. We're very fortunate enough to have Dave Goeckeler, the CEO and also Peter Andrew, Head of IR for Western Digital. I'll ...

Core Viewpoint - Western Digital (WDC) has shown strong stock performance recently, with a +9.8% return over the past month, outperforming the S&P 500's +3.2% and the Computer Storage Devices industry’s +4.8% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Western Digital is $1.02 per share, reflecting a +151.5% change year-over-year [3] - The consensus earnings estimate for the current fiscal year is -$0.84, indicating a +76.6% change from the previous year [3] - For the next fiscal year, the consensus earnings estimate is $8.33, showing a significant increase of +1,092.4% compared to the prior year [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $3.72 billion, representing a year-over-year change of +39.4% [5] - For the current fiscal year, the sales estimate is $12.81 billion, indicating a +4% change, while the next fiscal year's estimate is $17.91 billion, reflecting a +39.8% change [5] Last Reported Results and Surprise History - In the last reported quarter, Western Digital achieved revenues of $3.46 billion, a +23.3% year-over-year increase [6] - The EPS for the same period was $0.63, compared to -$1.37 a year ago, with a revenue surprise of +3.87% and an EPS surprise of +200% [6] - The company has consistently beaten consensus EPS and revenue estimates over the last four quarters [6] Valuation - Western Digital is currently graded D in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [7] Conclusion - The Zacks Rank 2 suggests that Western Digital may outperform the broader market in the near term, supported by strong earnings and revenue growth projections [10]

Western Digital Corporation (NASDAQ:WDC) Goldman Sachs Global Semiconductor Conference May 29, 2024 3:20 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari All right. We'd like to get started. Welcome, everyone. My name is Toshiya Hari. I cover the U.S. semiconductor space for Goldman Sachs. Very excited to have the team from Western Digital with us for the session. We have David Goeckeler, CEO. We also have Wissam Jabre ...

Western Digital Corporation (NASDAQ:WDC) Goldman Sachs Global Semiconductor Conference May 29, 2024 3:20 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari All right. We'd like to get started. Welcome, everyone. My name is Toshiya Hari. I cover the U.S. semiconductor space for Goldman Sachs. Very excited to have the team from Western Digital with us for the session. We have David Goeckeler, CEO. We also have Wissam Jabre ...

Western Digital Corporation (NASDAQ:WDC) JPMorgan’s 52nd Annual Technology, Media & Communications Conference May 20, 2024 8:00 AM ET Company Participants Wissam Jabre - CFO Peter Andrew - IR Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Good morning, and welcome to the first day of J.P. Morgan's 52nd Annual Technology, Media & Communications Conference. My name is Harlan Sur. I'm the semiconductor and semiconductor capital equipment analyst for the firm. Very pleased to have Wissam Jabre, C ...

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. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Western Digital (WDC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Western Digital currently h ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...