Rosenblatt analyst Kevin Cassidy relaunched coverage on Western Digital WDC, giving the stock a Buy and lowering the price target from $76 to $50 on Tuesday.Cassidy noted Western Digital’s spin-off of SanDisk, and the price target reflects 10 times the analyst’s adjusted EPS estimate for the next 12 months.Also Read: Western Digital Stock Is Attractive, Backed By Cheap Valuation And AI Surge: AnalystThe analyst used a 10 times earnings valuation based on expected profitable growth as the HDD market continue ...

Western Digital Corporation (WDC) is set to report fiscal third-quarter 2025 results on April 30, before the closing bell. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) The Zacks Consensus Estimate for earnings is pegged at $1.17 per share, which moved up 13.6% in the past 60 days. WDC reported a loss per share of 63 cents in the prior-year quarter.The consensus estimate for revenues is currently pegged at $2.24 billion, indicating a fall of 35.2% from the prior-year quarter’s fi ...

The latest trading session saw Western Digital (WDC) ending at $35.93, denoting a +0.31% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq lost 0.05%.Coming into today, shares of the maker of hard drives for businesses and personal computers had lost 19.96% in the past month. In that same time, the Computer and Technology sector lost 6.26%, while the S&P 500 lost 3.94%.The investment community will be paying ...

Benchmark analyst Mark Miller upgraded Western Digital Corp WDC from Hold to Buy with a $55 price target Thursday.Investor’s concern over tariffs has produced compelling valuations for some tech hardware stocks.In Benchmark’s 26 years of coverage, the forward valuations of hard drive stocks have typically ranged from mid-single digits to teen multiples.Also Read: Western Digital Faces ‘Challenging Pricing Environment,’ But There’s Long-Term Potential: AnalystsWestern Digital stock is trading at the low end ...

Western Digital (WDC) shares ended the last trading session 15.1% higher at $36.30. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.5% loss over the past four weeks.The increase in share price can be credited to President Trump’s announcement of a 90-day halt on reciprocal tariffs, excluding China. This triggered a sharp rally in market indices, lifting the prices of many stocks, including Western Digital.In add ...

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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Western Digital (WDC) , which belongs to the Zacks Computer- Storage Devices industry.When looking at the last two reports, this maker of hard drives for businesses and personal computers has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 1.72%, on average, in the last two quarters.For the last reported quarter, ...

Company Performance - Western Digital's stock closed at $43.66, reflecting a decrease of -1.91% from the previous day, underperforming the S&P 500's gain of 0.08% [1] - Over the past month, Western Digital shares have declined by 37.57%, significantly worse than the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 7.33% [2] Financial Expectations - Analysts anticipate Western Digital will report earnings of $1.06 per share, representing a year-over-year growth of 68.25%. Revenue is expected to reach $3.85 billion, indicating an 11.4% increase compared to the same quarter last year [3] - For the full year, Zacks Consensus Estimates project earnings of $5.46 per share and revenue of $16.27 billion, which would signify year-over-year changes of +2830% and +25.13%, respectively [4] Analyst Projections - Recent shifts in analyst projections for Western Digital are crucial, as they reflect short-term business trends. Positive estimate revisions are seen as a sign of optimism regarding the company's outlook [5] - The Zacks Rank system, which incorporates estimate changes, currently ranks Western Digital at 3 (Hold), with the consensus EPS estimate having decreased by 0.95% over the last 30 days [7] Valuation Metrics - Western Digital has a Forward P/E ratio of 8.16, which is lower than the industry's average Forward P/E of 12.93, indicating a valuation discount [8] - The Computer-Storage Devices industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 31, placing it in the top 13% of over 250 industries [8]

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Company Performance - Western Digital's stock closed at $44.75, reflecting a +0.49% change from the previous session, underperforming the S&P 500 which gained 0.64% [1] - Over the past month, Western Digital shares have decreased by 34.89%, while the Computer and Technology sector and the S&P 500 have lost 11.22% and 7.69% respectively [2] Earnings Projections - The upcoming earnings per share (EPS) for Western Digital is projected at $1.06, indicating a significant increase of 68.25% compared to the same quarter last year [3] - Quarterly revenue is estimated to be $3.85 billion, which represents an 11.4% increase from the previous year [3] Full Year Estimates - For the full year, earnings are projected at $5.46 per share and revenue at $16.27 billion, showing increases of +2830% and +25.13% respectively from the prior year [4] - Recent changes in analyst estimates suggest a positive outlook for the company's business and profitability [4] Analyst Ratings and Valuation - The Zacks Rank system currently rates Western Digital as 3 (Hold), with a recent 0.95% decrease in the consensus EPS estimate over the last 30 days [6] - Western Digital has a Forward P/E ratio of 8.16, which is lower than the industry average of 12.72, indicating it is trading at a discount [7] Industry Context - The Computer-Storage Devices industry, part of the Computer and Technology sector, ranks in the top 33% of all industries according to the Zacks Industry Rank [7] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]