JHVEPhotoWestern Digital Corp (NASDAQ:WDC) has emerged as one of the market's more interesting turnaround stories, marked by an improved growth and earnings outlook. Even amid the latest round of tech sector volatility, shares of WDC are still up more than 75% over the past year. The data storage giant recognized as a leader in flash and hard disk drives is set to report its fiscal Q4 earnings on July 31. The market will look at signs of continued operational and financial momentum, with themes like art ...

Western Digital (WDC) closed at $78.82 in the latest trading session, marking a +0.06% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.4%.The maker of hard drives for businesses and personal computers's stock has climbed by 0.83% in the past month, falling short of the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.The investment community will be paying close a ...

Western Digital (WDC) closed at $78.50 in the latest trading session, marking a +1.72% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. On the other hand, the Dow registered a loss of 0.08%, and the technology-centric Nasdaq increased by 0.28%.Shares of the maker of hard drives for businesses and personal computers witnessed a gain of 2.92% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.41% and the ...

The latest trading session saw Western Digital (WDC) ending at $75.40, denoting a -0.49% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.31%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq lost 1.09%.The the stock of maker of hard drives for businesses and personal computers has risen by 1.28% in the past month, lagging the Computer and Technology sector's gain of 6.41% and the S&P 500's gain of 2.73%.Investors will be eagerly watching for the perform ...

CHINA - 2023/11/03: In this photo illustration, the American computer hard disk drive and data ... [+] storage manufacturer Western Digital (WD, NASDAQ: WDC) logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWestern Digital (NASDAQ: WDC) has seen its stock price surge over 55% this year, while its peer Seagate (NASDAQ: STX) saw over ...

Western Digital (WDC) ended the recent trading session at $80.23, demonstrating a +0.46% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%.Prior to today's trading, shares of the maker of hard drives for businesses and personal computers had gained 9.32% over the past month. This has outpaced the Computer and Technology sector's gain of 8.7% and the S& ...

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?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 has an average brokerage recomm ...

Core Viewpoint - Western Digital (WDC) has shown a positive stock performance recently, with a +4.6% return over the past month, outperforming the S&P 500 composite's +4% and the Computer-Storage Devices industry’s +7.9% [1] Earnings Estimates - Western Digital is expected to post earnings of $1.02 per share for the current quarter, reflecting a year-over-year increase of +151.5% [3] - The consensus earnings estimate for the current fiscal year is -$0.84, indicating a change of +76.6% from the previous year [3] - For the next fiscal year, the consensus earnings estimate is $8.33, representing a significant change of +1,092.4% compared to the prior year [3] Revenue Growth - The consensus sales estimate for the current quarter is $3.72 billion, showing a year-over-year increase 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] Recent Performance - In the last reported quarter, Western Digital achieved revenues of $3.46 billion, a year-over-year increase of +23.3% [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] Valuation - Western Digital is 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] Overall Outlook - The Zacks Rank 2 suggests that Western Digital may outperform the broader market in the near term, supported by strong earnings estimate revisions [4][10]

Western Digital Corporation (WDC) recently unveiled a six-stage AI Data Cycle Storage Framework to help clients strategize and develop advanced storage infrastructures. This is expected to boost efficiency and help clients fully capitalize on their AI investments.The company is focused on aligning its portfolio of enterprise-class SSDs and HDDs to support storage needs for each stage of the AI Data Cycle. As part of this, the company launched new products, including high-performance PCIe Gen5 SSD, 64TB SSD ...

MINNEAPOLIS, MN - JANUARY 03: A general view of the Seagate Technology company offices on January ... [+] 03, 2024 in Minneapolis, Minnesota. (Photo by AaronP/Bauer-Griffin/GC Images)GC ImagesThe stock price of Seagate (NASDAQ: STX) saw a 6% jump on Wednesday, June 5, after the company’s management stated that it will see better than anticipated margins in Q4 (Seagate’s fiscal ends in June). Seagate’s peer – Western Digital (NASDAQ: WDC) – also saw its stock rise 4%. Seagate expects its gross margin to be b ...