Western Digital Announces Financial Results For First Quarter Fiscal 2016
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BMO Capital Questions Western Digital's (WDC) Proposed Purchase of SNDK; Cuts Price Target to $77
October 29, 2015 8:10 AM EDTBMO Capital reiterated an Outperform rating on Western Digital Corp. (NASDAQ: WDC), and cut the price target to $77.00 (from $92.00), following the company's 1Q16 earnings results. WDCs results were in line with its pre-announcement, though guidance was below expectations. Analyst Keith Bachman questions... More
Buy Weakness in Western Digital (WDC) - Susquehanna
October 29, 2015 7:35 AM EDTMehdi Hosseini, analyst from Susquehanna, believes the SandDisk (NASDAQ: SNDK) deal continues to generate some degree of skepticism/confusion around pro forma earnings power and is suggesting people use recent weakness as a buying opportunity in Western Digital (NASDAQ: WDC). That said, after taking HGST integration and Unis dilution into account he revised his 2018 earnings estimate from $14 to $13-$14. Details on this call... More
Western Digital (WDC) Reports In-Line Q1 EPS
October 28, 2015 5:14 PM EDTWestern Digital (NASDAQ: WDC) reported Q1 EPS of $1.56, in-line with the analyst estimate of $1.56. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.27 billion.
"I am pleased with our execution and performance in the first fiscal quarter," said Steve... More
