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 ...

会议纪 要 证 券研究 报 告 电子 2024年 05月12日 西部数据（WDC）FY2024Q3业绩点评及法说会纪要 会议时间：2024年4月25日 存储市场复苏业绩超预期，AI 释放长期发展动能 会议地点：线上  事项： 2024年4月25日西部数据(Western Digital) 发布FY2024Q3季度报告，并召开业 华创证券研究所 绩说明会，公司财务季度 FY2024Q3 截至 2024 年 3 月 29 日，即自然季度 CQ2024Q1，以下表述均为自然季度。 证券分析师：耿琛 2024 Q1，公司实现Non-GAAP营业收入34.57亿美元，同比增长23%，环比增 电话：0755-82755859 长 14%，高于指引上沿；Non-GAAP 毛利率为 29.3%，同比增长 18.7pct，环比 邮箱：gengchen@hcyjs.com 增长13.8pct，高于指引上沿。 执业编号：S0360517100004 证券分析师：岳阳  评论： 邮箱：yueyang@hcyjs.com 1. 业绩总览：2024 年 Q1 公司实现 Non-GAAP 营业收入 34.57 亿美元 执业编号：S03 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8703 WESTERN DIGITAL CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 33-0956711 (State or other juris ...

Key PointsData storage solutions provider Western Digital completely reversed QOQ metrics, turning losses of 69 cents in fiscal Q2 2024 to a profit of 63 in fiscal Q3 2024, crushing estimates by 41 cents.AI tailwinds took revenues from down 2.4% YOY in Q2 2024 to surging 23.3% YOY in Q3 2024 to $3.46 billion, crushing $3.37 billion consensus estimates.Western Digital raised Q4 2024 EPS forecast to 90 cents to $1.20 versus 89 cents consensus estimates, but shares still gapped down the following morning.5 sto ...

Western Digital Corporation (WDC) reported third-quarter fiscal 2024 non-GAAP earnings of 63 cents per share, much ahead of the Zacks Consensus Estimate of earnings of 21 cents. The company reported a loss of $1.36 per share in the prior-year quarter.Management anticipated fiscal third-quarter non-GAAP net income in the range of a loss of 10 cents to earnings of 20 cents.Revenues of $3.457 billion beat the Zacks Consensus Estimate by 3.9%. The top line increased 23% year over year owing to strong performanc ...

Start Time: 16:30 January 1, 0000 5:04 PM ET Western Digital Corporation (NASDAQ:WDC) Q3 2024 Earnings Conference Call April 25, 2024, 16:30 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - EVP and CFO Peter Andrew - VP, Financial Planning and Analyst and IR Conference Call Participants C.J. Muse - Cantor Fitzgerald. Joe Moore - Morgan Stanley Aaron Rakers - Wells Fargo Wamsi Mohan - Bank of America Karl Ackerman - BNP Paribas Amit Daryanani - Evercore Harlan Sur - JPMorgan Carlos Colorado - ...

Fiscal Third Quarter 2024 Financial Results Western Digital April 25, 2024 2 © 2024 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTSRESERVED Forward Looking Statements SAFE HARBOR ...

Exhibit 99.1 Western Digital Reports Fiscal Third Quarter 2024 Financial Results News Summary • Third quarter revenue was $3.46 billion, up 14% sequentially (QoQ). Cloud revenue increased 45% (QoQ), Client revenue increased 5% (QoQ) and Consumer revenue decreased (13)% (QoQ). • Third quarter GAAP earnings per share (EPS) was $0.34 and Non-GAAP EPS was $0.63, which includes underutilization- related charges in HDD. • Expect fiscal fourth quarter 2024 revenue to be in the range of $3.60 billion to $3.80 billi ...

As Western Digital Corporation (NASDAQ: WDC) prepares to announce its Q3 earnings later this week, investors are poised on the edge of their seats, eagerly anticipating the company’s performance amidst a pivotal moment in its trajectory.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Western Digital’s positioning within the semiconductor industry, positions it as a key player in the storage market’s resurgence. As the memory and storage sector navigat ...