80.89 0.00 (0.00%)
After hours: 7:10PM EDT
|Bid||80.52 x 1400|
|Ask||81.51 x 2900|
|Day's range||80.73 - 83.78|
|52-week range||75.96 - 106.96|
|PE ratio (TTM)||120.73|
|Earnings date||25 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||2.00 (2.48%)|
|1y target est||116.57|
Western Digital (WDC) stock has returned -8% in the last 12 months, -5.3% in the last month, and -3.3% in the last five days. It rose 17% in 2016 and 20% in 2017. Since the start of 2018, WDC stock has risen ~1%. Comparatively, the S&P 500 ETF (SPY) and the Invesco QQQ Trust ETF (QQQ) have generated returns of 2% and 9.4%, respectively, in 2018.
MARKET PULSE Shares of Western Digital Corp. (wdc) are up 2.2% in premarket trading Thursday following an upbeat memory outlook from Micron Technology Inc. (mu) in conjunction with its latest earnings report as well as a positive note from Guggenheim analyst Robert Cihra.
We’ve already looked at Western Digital’s (WDC) broad portfolio of products, its total available market, and its outlook for the global storage market. It has a deep management expertise from an operational standpoint. It also has leveraged capabilities from its acquisitions of HGST and SanDisk.
We’ve seen how storage companies, including Western Digital (WDC), NetApp (NTAP), Seagate Technology (STX), and International Business Machines (IBM), are likely to benefit from worldwide growth in data creation over the next few years. WDC is optimistic about its technology leadership in storage and extensive IP (intellectual property) portfolio to take advantage of that market.
Western Digital (WDC) expects data creation to grow from 2 ZB (zettabytes) in 2010 to 160 ZB in 2025. Hyperscale players use WDC’s storage infrastructure to derive insights with predictive modeling and machine learning technologies.
MARKET PULSE Shares of Micron Technology Inc. (mu) are up 1.4% in premarket trading after Cowen analyst Karl Ackerman said that the company was "best positioned" to drive profitability and lower its cost structure on NAND, relative to other players.
Western Digital (WDC) is a global leader in the storage technology space with a focus on storage infrastructure. It has reported annual revenue of $20 billion with a gross profit of $9 billion in the last four quarters. It expects to leverage data growth across its three business segments.
The forward PE ratio is based on analysts’ EPS estimates for the next four quarters and tells us the amount investors are willing to pay per dollar of a company’s EPS. On June 12, Micron had a forward PE ratio of 5.24x, lower than Western Digital’s (WDC) and Intel’s (INTC) ratios of 5.6x and 14.3x, respectively. This year, Wall Street analysts expect Micron’s EPS to rise 129% YoY to $11.36, WDC’s EPS to rise 45.8% YoY, and Intel’s EPS to rise 11% YoY.
Zacks.com featured highlights include: Western Digital, Citizens Financial, Arrow Electronics, AerCap and MetLife
As you can see in the chart below, Western Digital (WDC) shipped 100.3 EB (exabytes) in fiscal Q3 2018. That was a YoY (year-over-year) increase of 35% compared to 74.2 EB shipped in Q3 2017. While WDC’s Client Devices EB shipments experienced a decline of 6% to 34.2 EB, Client Solutions shipments rose 13% to 12.8 EB.
Western Digital (WDC) views the current macroeconomic conditions as supportive with mobility and cloud computing as its primary demand drivers. WDC’s CEO Steve Milligan stated, “The positive third quarter dynamics included continued strong demand for our NAND flash products. WDC aims to pursue a strategy based on significant growth in big data and fast data applications.
In this series, we’ve seen that analysts expect Western Digital’s (WDC) revenue to increase 7.9% YoY (year-over-year) in fiscal 2018. Its revenue is also estimated to rise 3% in fiscal 2019. Western Digital has focused on expanding its profit margins, which has resulted in significant bottom-line growth.
Micron Technology (MU) is currently in a growth cycle, witnessing windfall gains thanks to rising DRAM (dynamic random-access memory) prices. It’s a cyclical stock that’s governed more by the market forces of supply and demand than its operational efficiency. When demand is high and supply is low, prices rise, bringing strong gains.
Value style is considered one of the best practices when it comes to picking stocks. It is net cash flow that unveils how much money a company is actually generating and how effectively management is deploying the same.
Its key customer, NVIDIA (NVDA), is also in the growth cycle as the adoption of AI picks up. While enjoying these demand catalysts, Micron is also preparing for a possible downturn by focusing on high-value solutions such as automotive and high-bandwidth memory, which generate higher ROI (return on investment). This strategy has increased the company’s efficiency ratios, which reflects its management’s efficiency in delivering higher returns from lower investments.
SAN JOSE, Calif.--(BUSINESSWIRE)-- Full Edge-To-Core Surveillance Portfolio Adds 12TB Western Digital Purple Drive with The Ability to Apply Machine Learning and AI to Enhance Safety and Security To help ...
To help enable the surveillance industry’s evolution to increasingly higher resolution cameras and new applications requiring real-time edge analytics, Western Digital Corporation has expanded its surveillance portfolio with the introduction of the industry’s highest capacity, deep-learning-capable, surveillance-class drive, Western Digital® Purple 12TB drive with exclusive AllFrame AI technology.
As a leader in enterprise-capacity hard disk drives (HDDs) and the inventor of helium HDD technology, Western Digital Corporation (WDC) today announced that Huawei has qualified its host-managed shingled magnetic recording (SMR) helium-based HDD, the Ultrastar® Hs14 – the industry’s first 14TB HDD designed for demanding big data applications. An early adopter of Western Digital’s SMR HDDs, Huawei is breaking new ground by optimizing its distributed cloud storage OceanStor® 9000 system for the sequential nature of data capture in video surveillance applications.
Wingstop, Papa John's International, AppFolio, Workday and Western Digital highlighted as Zacks Bull and Bear of the Day
In a matter of just a few years, "the Cloud" has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. With this in mind, we've highlighted three stocks that are not only showing strong cloud-related activity, but also strong fundamental metrics. Check out these three cloud stocks to buy right now!
Microsoft (MSFT) might introduce an automated checkout technology to strengthen retailers, like Walmart, by enabling them to better compete against Amazon Go.