Western Digital Announces Preliminary Financial Information For First Quarter Fiscal 2016

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Go back to Western Digital Announces Preliminary Financial Information For First Quarter Fiscal 2016

Jefferies Reiterates Buy on Western Digital (WDC) on Possible Merger with Sandisk (SNDK)

October 21, 2015 8:43 AM EDT

Jefferies reiterated a Buy rating on Western Digital Corp. (NASDAQ: WDC), and cut the price target to $111.00 (from $116.00), ahead of possible merger with Sandisk (NASDAQ: SNDK). Bloomberg has reported that WDC may acquire SNDK for... More

Western Digital (WDC) Prelim. Q1 EPS Flat with Expectations

October 21, 2015 7:30 AM EDT

Western Digital (NASDAQ: WDC) reported preliminary financial information for its first fiscal quarter ended Oct. 2, 2015: revenue of $3.4 billion, gross margin of 28.4% and net income of $283 million, or $1.21 per share. On a non-GAAP basis, gross margin was 28.9% and net income was $366 million, or $1.56 per... More