Needham & Company Reiterates a 'Strong Buy' on Western Digital (WDC); Impressive 4Q Results
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Price: $532.48 +4.65%
Rating Summary:
33 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
33 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Needham & Company reiterates a 'Strong Buy' on Western Digital Corp. (NASDAQ: WDC) price target of $61.00.
Analyst, Richard Kugele, said, "With the Thailand floods clearly in the rear view mirror, WD’s execution machine sets to work on extracting value from its newly acquired HGST operation. Even in the face of macro headwinds, a ‘meh’ PC environment, and whatever tablets are or aren’t doing to consumer perceptions, WD posted robust results and guidance. At just 3x F13 EPS and less than 2X NTM EV/EBITA, WDC we believe remains compelling and a top pick."
FY13 EPS estimates raised from $9.30 to $10.00.
For an analyst ratings summary and ratings history on Western Digital Corp. click here. For more ratings news on Western Digital Corp. click here.
Shares of Western Digital Corp. closed at $32.47 yesterday.
Analyst, Richard Kugele, said, "With the Thailand floods clearly in the rear view mirror, WD’s execution machine sets to work on extracting value from its newly acquired HGST operation. Even in the face of macro headwinds, a ‘meh’ PC environment, and whatever tablets are or aren’t doing to consumer perceptions, WD posted robust results and guidance. At just 3x F13 EPS and less than 2X NTM EV/EBITA, WDC we believe remains compelling and a top pick."
FY13 EPS estimates raised from $9.30 to $10.00.
For an analyst ratings summary and ratings history on Western Digital Corp. click here. For more ratings news on Western Digital Corp. click here.
Shares of Western Digital Corp. closed at $32.47 yesterday.
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