Needham & Company Remains Bullish on Western Digital (WDC) Following CFO Transition and 4Q Preannouncement

Rosenblatt Remains Sidelined on Western Digital (WDC) Following Guidance Update and CFO Departure

Rosenblatt reiterates a Neutral rating on Western Digital Corp. (NASDAQ: WDC) as the company updates guidance along side the announced departure of WDC's CFO. Rosenblatt does not think that investors should read into anything negative with regards to the CFO transition.

Analyst Kinngai Chan... More

Cowen Updates Est. on Western Digital (WDC) Following Strong Prelim. Q4 Numbers; Affirms at 'Outperform'

Cowen and Company is upgrading estimates on Western Digital (Nasdaq: WDC) following preliminary Q4 results and CFO transition. The firm rates WDC at Outperform with a price target of $50.

Analyst Karl Ackerman said: We are tweaking our FY16 pro forma rev/EPS estimates (including... More

Western Digital (WDC): Positive Pre-announcement Balances CFO Change - RBC

RBC Capital analyst, Amit Daryanani, noted that Western Digital Corp. (NASDAQ: WDC) announced the transition of its CFO role; current CFO Olivier Leonetti will be succeeded by current Chief Strategy Officer, Mark Long, effective... More

uniQure (QURE) Names New Business Chief

uniQure N.V. (Nasdaq: QURE) announced the appointment of Jonathan Garen as Chief Business Officer. Mr. Garen has more than 20 years of experience in business development within the pharmaceutical sector, having previously held senior positions at Actavis plc, Forest Laboratories, Inc. and Pharmacia Corporation. Mr. Garen will be responsible for strategic transactions at uniQure, with a focus on business development and alliance management. Mr. Garen will report to... More

BTIG Bullish on Western Digital (WDC) Following Prelim. Q4 Numbers, CFO Resignation

BTIG affirms Western Digital Corp. (Nasdaq: WDC) at Buy with a price target of $55 following strong preliminary Q4 results and CFO resignation, which were... More

Western Digital (WDC) volatility flat into raising Q4 guidance.

Digital (NASDAQ: WDC) July weekly call option implied volatility is at 51, July is at 45, August is at 54; compared to its 52-week range of 25 to 67 into the data storage company raising Q4 guidance.

After-Hours Stock Movers 07/06: (LEDS) (EMKR) (WDC) Higher; (ARE) (ROIC) Lower (more...)

Today's After-Hours Movers

SemiLEDs Corporation (NASDAQ: LEDS) 68.2% HIGHER; entered into a definitive purchase agreement effective July 6, 2016 (the Agreement) with Dr. Peter Chiou. Pursuant to the terms of the Agreement, Dr. Peter Chiou will purchase 577,000 shares of the Companys common stock at $5.00 per share. This represents... More

Western Digital (WDC) CFO Leonetti Resigns; Prelim. Q4 Results Top Views

Western Digital Corp. (Nasdaq: WDC) announced the appointment of Mark Long to oversee the companys finance organization as executive vice president, finance, in addition to his role as chief strategy officer. Long will succeed Olivier Leonetti as chief financial officer on Sept. 1, 2016. Leonetti is leaving the company to pursue other opportunities but will continue as CFO through Sept. 1, 2016, reporting to CEO Steve Milligan, and will oversee the completion of the companys fiscal year-end reporting requirements. He will continue in an advisory role to the CEO through Oct. 1, 2016.

The company is going through a strategic... More

Western Digital (WDC): Under Pressure Of Weaker PC Market - UBS

UBS analyst, Arthur Hsieh reduced his C16 and C17 PC unit growth estimates from -6.9%/-1.3% to -8.5%/-1.8%. He is expecting normal seasonality but his OEM and supply chain checks drive the downside adjustments. If the currency impacts from the UK Vote to Leave do not revert back Arthur believes we could... More

Western Digital (WDC): ¥1.5 Trillion 3D NAND Fab Joint Venture - Stifel

Stifel analyst, Aaron Rakers, noted the Nikkei is reporting that Toshiba, along with its US partner Western Digital (NASDAQ: WDC), will be spending ¥1.5 trillion (~$14.6 billion) over the next three years on expanding their NAND Flash memory production at the Yokkaichi, Japan plant in the Mie Prefecture. The report notes that this funding... More

Stifel Affirms Western Digital (WDC) at 'Buy' Amid Reports of Expanded NAND Flash Memory Production Plans

Stifel affirms Western Digital (Nasdaq: WDC) with a Buy rating and $75 price target following news that WDC and Toshiba will be spending ¥1.5 trillion (~$14.6 billion) over the next three years on expanding their NAND Flash memory production at the Yokkaichi, Japan plant

Analyst Aaron Rakers commented today, The report notes that this funding commitment is approximately 30% more than the prior comparable periods (note: unclear as to what reference point this is exactly using). According to the report, the joint venture between Toshiba and Western Digital (Flash Ventures) is planning to have 3D NAND... More