Benchmark analyst Mark Miller lowered the price target on Western Digital Corp (NASDAQ: WDC ) to $28 from $34 and kept a Sell rating . He re-rated after "again" lowering his FY23 estimates due to concerns about the deterioration of business conditions, NAND pricing, and increasing chip inventories. Also Read: Latest PC, Chips And Memory Data Worries Analyst, Who Jumps Ship On Two Stocks Micron Technology, … Full story available on Benzinga.com
The latest component of Japan''s plan to bolster domestic chip production comes after it gave 92.9 billion yen to US firm Western Digital Corp in July to boost flash memory chip output at a Japanese plant operated with local partner Kioxia Holdings, which was spun off from Toshiba Corp.
Western Digital Corporation (NASDAQ:WDC)’s traded shares stood at 0.74 million during the latest session, with the company’s beta value hitting 1.55. At the last check today, the stock’s price was $31.84, to imply a decrease of -3.94% or -$1.31 in intraday trading. The WDC share’s 52-week high remains $69.36, putting it -117.84% down since that … Western Digital Corporation (NASDAQ: WDC) Stock Has Dropped -25.94% Over The Month – Is There Room For Growth? Read More »
As of Wednesday, Western Digital Corporation’s (NASDAQ:WDC) stock closed at $33.15, up from $32.72 the previous day. While Western Digital Corporation has overperformed by 1.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WDC fell by -43.16%, with highs and lows ranging from $69.36 to $32.31, […]
Western Digital Corporation (NASDAQ:WDC) price closed higher on Tuesday, September 27, jumping 0.99% above its previous close. A look at the daily price movement shows that the last close reads $32.40, with intraday deals fluctuated between $32.31 and $32.99. The company’s 5Y monthly beta was ticking 1.49 while its P/E ratio in the trailing 12-month … Such Is The Power Of Western Digital Corporation (NASDAQ: WDC) Read More »
Western Digital Corporation (NASDAQ:WDC) at last check was buoying at $33.45 on Friday, September 23, with a fall of -1.09% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $33.82 and 5Y monthly beta was reading 1.51 with its price kept floating … Analysts Provide Insight On How High Western Digital Corporation (WDC) Can Go Read More »
Mizuho analyst Vijay Rakesh downgraded Micron Technology, Inc (NASDAQ: MU ) to Neutral from Buy with a price target of $56, down from $75. Rakesh downgraded Western Digital Corp (NASDAQ: WDC ) to Neutral from Buy with a price target of $40, down from $62. Recent checks show "steepening" DRAM and NAND memory price declines into the December quarter and first half of 2023. He acknowledged increasing NAND headwinds, with YMTC gaining share and adding significant capacity, potentially ramping into iPhone14 and a major supplier to Oppo, China handset OEMs. Rakesh also accepted increasing DRAM headwinds, with weaker DDR5 … Full story available on Benzinga.com
Western Digital Corporation (WDC)’s stock has witnessed a price hike of 1.20% from the previous close with its current price standing at $35.97. Its current price is -48.15% under its 52-week high of $69.36 and 2.93% more than its 52-week low of $34.94. Based on the past 30-day period, the stock price is -25.66% below […]
Micron (MU) stock and Western Digital (WDC) stock are both in the spotlight after Mizuho Securities downgraded the names.
Wednesday''s top analyst upgrades and downgrades included AutoZone, EOG Resources, Etsy, Huntsman, Luminar Technologies, Nike, Norwegian Cruise Line, PayPal, Pioneer Natural Resources, Western Digital and Weyerhaeuser.
Anxiety got the better of Wall Street on Tuesday, with the stock market tumbling ahead of tomorrow''s policy announcement from the Federal Reserve. Many of Wall Street''s top minds are weighing in on how big the Fed rate hike will be . Among them is Brad McMillan, chief investment officer for Commonwealth Financial Network, who, like almost everyone, believes the central bank will hike rates by 75 basis points. A basis point is one-one hundredth of a percentage point. SEE MORE 10 High-Paying Dividend Stocks Yielding 5% or More "Where things get interesting is in the follow-up comments, where the market tries to parse what this means for the Fed''s policy decisions through the rest of the year," McMillan says, referring to the press conference Fed Chair Jerome Powell will hold immediately after the announcement. "Expectations are very hawkish, and the Fed can come out just as expected and still be more dovish than expected. That likely limits the market downside from this meeting and just may provide some upside going forward." Sign up for Kiplinger''s FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
Seagate Technology shares fell to a 52-week-low Tuesday as the hard-disk drive and storage technology company got caught up in negativity around rival Western Digital.
Futures Slide As Hawkish Rikshock Sends Dollar, Yields Higher Again Ahead Of Fed Market sentiment was quite cheerful heading into the overnight session, with futures hitting a third-day high of 3,936 thanks to yesterday'' late day delta squeeze (plunge in VIX as both calls and especially puts were sold) but then it quickly soured after first German PPI came in at a mindblowing 45.8% (vs expectations of 37.1%) the highest on record since World War II… ...but what really spooked futures was the record hike by the Swedish central bank, the Riksbank, which pushed the repo rate higher by a more than expected 100bps to 1.75%, and even though the central bank eased back on terminal rate expectations, the market still saw the Riksbank surprise as potentially indicative of what the BOE and Fed may do in the coming hours. As such, European stocks fell with US equity futures, giving up early gains, as traders braced for another supersized US rate hike amid rising anxiety the Federal Reserve could overtighten and raise the odds of a hard landing.
Rosenblatt analyst Kevin Cassidy maintained Western Digital Corp (NASDAQ: WDC ) with a Neutral and lowered the price target from $45 to $35. Following WDC management''s numerous appearances at recent technology conferences, he cut his current quarter and out quarter estimates for Western Digital, which he did not consider surprising. Management has clarified that market demand, particularly for NAND Flash, has worsened since the company gave its guidance on August 5. Management is prudently slowing capacity increases by pushing out the NAND Flash technology transition and slowing the start-up of Fab 7. The plan is to align output with the lower demand. Related : Full story available on Benzinga.com
The CEO gave a dour pre-announcement for the September quarter, and recession fears didn''t help, either.
Major players in the composable infrastructure market are Lenovo, One Stop Systems Inc, Liqid Inc, Inspur, Western Digital Corporation, Hewlett Packard Enterprise Development LP, Dell Inc, DriveScale Inc, TidalScale Inc, Cloudistics Inc, Quanta Computer Inc, Cisco, and Comport Technology Solutions. Major players in the composable infrastructure market are Lenovo, One Stop Systems Inc, Liqid Inc, Inspur, Western Digital Corporation, Hewlett Packard Enterprise Development LP, Dell Inc, DriveScale Inc, TidalScale Inc, Cloudistics Inc, Quanta Computer Inc, Cisco, and Comport Technology Solutions.
Wednesday''s top analyst upgrades and downgrades included Amgen, AppLovin, Blue Owl Capital, Dell Technologies, Dow, Marvell Technology, PayPal, RingCentral, Shopify, SoFi Technologies, Twilio, Western Digital, WiPro and Wolfspeed.
Executives from Microsoft, Qualcomm, Dell, and Western Digital shared sobering views on the economy, but no one is freaking out.
Western Digital Corporation (NASDAQ:NASDAQ:WDC) Goldman Sachs Communacopia + Technology Conference September 12, 2022 12:15 PM ET Company Participants Dave Goeckeler – Chief Executive…
Benchmark analyst Mark Miller reiterated a Sell on Western Digital Corp (NASDAQ: WDC ) and a $34 price target citing concerns over the strength and duration of the down cycle and weakening hyperscale. At an investor conference, Western Digital management indicated preparing for a down cycle driven by demand. NAND bit supply is currently exceeding demand, likely to grow around 20%. Inventory adjustments are underway, he noted. Supply and demand affected the flash margins the most. Management hoped for better visibility by next quarter. Since the last … Full story available on Benzinga.com
Western Digital Corporation (NASDAQ:NASDAQ:WDC) Evercore ISI 2nd Annual TMT Conference September 8, 2022 1:30 PM ET Company Participants David Goeckeler - Chief Executive Officer Wissam…
Western Digital Corporation (NASDAQ:NASDAQ:WDC) Citi 2022 Global Technology Conference September 7, 2022 12:15 PM ET Company Participants Wissam Jabre – Chief Financial Officer David…
Western Digital has announced that it is shipping its new Ultrastar DC HC570 22TB CMR HDDs in India.
New Delhi: Storage solutions major Western Digital (WD) on Tuesday announced that it is shipping its new, industry-leading 22TB conventional magnetic recording (CMR) hard disk drives (HDDs) that are designed for optimal power over a variety of workloads in India. The company said that the new Ultrastar DC HC570 HDD is rightly timed for the … Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Benchmark analyst Mark Miller downgraded Western Digital Corp (NASDAQ: WDC ) to Sell from Hold with a $34 price target. Miller noted that Seagate Technology Holdings PLC (NASDAQ: STX ) joined other firms like Micron Technology, Inc (NASDAQ: MU ) and Nvidia Corp (NASDAQ: NVDA ) in lowering outlooks . The analyst also downgraded Seagate to Hold from Buy. Seagate lowered its forecast for Q1. The combination of lower revenue, increased under-utilization charges, and a less favorable product mix in the September quarter will also result in a sequential decline … Full story available on Benzinga.com
Western Digital Corporation (NASDAQ:NASDAQ:WDC) Deutsche Bank 2022 Technology Conference August 31, 2022 11:15 AM ET Company Participants Siva Sivaram - President & Head, Technology…
If you need extra storage to help you wrangle and organize all the files overtaking your computers and mobile devices, don''t miss out on Amazon''s latest one-day sale. The e-commerce website is selling a robust collection of SanDisk and Western Digital storage devices and memory cards at a discount right now, priced at up to 61 percent off. You can get SanDisk''s 1TB Extreme Pro , which is currently listed for $160.49 or 48 percent off its regular price, if you''re looking to bring a ruggedized storage solution everywhere you go. Buy SanDisk and Western Digital storage at Amazon - up to 61 percent off It''s encased in a forged aluminum chassis that acts as a heatsink enabling the device to sustain its read/write speeds that go up to 2000MB/s. The device can survive drops from up to 2 meters in height and is IP55 water-and-dust resistant — it even comes with a carabiner loop to prevent you from dropping it in the first place. And to protect the files you save, it also features 256‐bit AES hardware encryption.
Shop dozens of deals on SanDisk and Western Digital products.
Western Digital Corp. (NASDAQ: WDC) today announced management participation in the upcoming investor conferences: Event: Deutsche Bank 2022 Technology Conference Date: Wednesday, August 31, 2022 at 8:15 a.m. PDT / 11:15 a.m EDT Event: Citi 2022 Global Technology Conference Date: Wednesday, September 7, 2022 at 7:30 a.m. PDT / 10:30 a.m EDT Event: Evercore ISI 2nd Annual TMT Conference
Seagate has outperformed Western Digital in the All-Important Data Center HDD segment. Seagate’s next-generation HDD will go into production at least a full year ahead of Western Digital.
We see no significant growth catalysts for Western Digital (WDC) in the near term. See why we recommend investors sell WDC stock before it dips further.
Tuesday’s top analyst upgrades and downgrades included Alphabet, Amazon.com, Americold Realty Trust, Azek, Ball, Corteva, DraftKings, Dun & Bradstreet, Global Blood Therapeutics, Lululemon Athletica, Rhythm Pharmaceuticals and Western Digital.
https://www.investing.com/news/pro/benchmark-downgrades-western-digital-corp-to-hold-432SI-2866392
https://www.investing.com/news/pro/western-digital-corp-pt-lowered-to-70-at-stifel-432SI-2866174
On August 5, Western Digital Corporation (WDC) released its Fiscal Q4-2022 earnings results. Despite declining profits and sales compared to the year-ago quarter, the company beat EPS estimates. Nonetheless, persistent headwinds weighing on near-term demand forced the company to expect significantly lower sales and earnings for the first quarter of Fiscal 2023, which could potentially weigh down the stock in the near term. As WDC keeps getting cheaper, it may be worth considering. I am bullish on the stock. Backed by a solid financial position and a strong product portfolio, the company is poised to pursue higher growth targets once it overcomes short-term difficulties.
Western Digital reported Q4 results recently and delivered an overall acceptable quarter. Read my analysis to see why WDC stock is undervalued.
Disappointing earnings and guidance plagued this memory and storage maker.
https://www.investing.com/news/stock-market-news/western-digital-outlook-uglier-than-expected-432SI-2865661
WDC earnings call for the period ending June 30, 2022.
Western Digital (WDC) is scheduled to announce FQ4 earnings results on Friday, August 5th, before market open.The consensus EPS Estimate is $1.74 (-19.4% Y/Y) and the consensus…
Western Digital (NASDAQ: WDC ) is set to give its latest quarterly earnings report on Friday, 2022-08-05. Here''s what investors need to know before the announcement. Analysts estimate that Western Digital will report an earnings per share (EPS) of $1.68. Western Digital bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
Marijuana, online betting and storage device companies are on tap to report quarterly results before markets open on Friday.
The Biden administration is deliberating whether to limit chipmaking equipment from American companies for Chinese memory chip makers, Reuters reported.The news outlet, citing four…
Related Stocks: MSFT , BAB , CTVA , MCD , WDC ,
Western Digital hosted a digital-led gamified campaign- Build Your Own Gaming Super PC–today.
In this article, we will look at 3 beat-down semiconductor stocks that Jim Cramer likes. If you want to explore similar stocks, you can go to Jim Cramer Likes These 7 Beaten-Down Semiconductor Stocks. 3. Western Digital Corporation (NASDAQ:WDC) Number of Hedge Fund Holders: 45 Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage […]
Western Digital (WDC) and Kioxia Holdings, a spin-off of Toshiba (TOSBF), will receive $680M in subsidies from Japan to boost production of memory chips, the country''s government said…
TOKYO : Japan''s government on Tuesday said it will provide as much as 92.9 billion yen ($680 million) to Kioxia Holdings and Western Digital Corp to help them boost production and ensure a stable supply of memory chips in Japan.The subsidy is part of a broader effort to revive chip production in Japan, as
In recent trading session, Western Digital Corporation (NASDAQ:WDC) saw 1.7 million shares changing hands at last check today with its beta currently measuring 1.49. Company’s recent per share price level of $48.12 trading at -$2.31 or -4.59% at last check today assigns it a market valuation of $15.33B. That most recent trading price of WDC’s … Western Digital Corporation (NASDAQ:WDC) Stock Ripped -22.67% Year-To-Date, What Will Happen Next? Read More »
Another week, another patent troll suing Apple for alleged infringements of patents purchased for the sole purpose of filing lawsuits. Sonrai Memory has filed similar infringement claims against a wide range of other tech companies, including Google, Lenovo, LG, Samsung, and Western Digital … The lawsuits were spotted by Patently Apple. The non-practicing entity (NPE) […]
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