Western Digital Announces Financial Results for Fourth Quarter and Fiscal Year 2016
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- UBS Reiterates Buy Rating on Snowflake Inc. (SNOW)
Needham & Company Reiterates Strong Buy as Western Digital (WDC) Reports 4Q Results
July 29, 2016 8:20 AM EDTNeedham & Company reiterated a Strong Buy rating and $67.00 price target on Western Digital Corp. (NASDAQ: WDC) following the company's 4Q earnings report. WDC reported F4Q revenue of $3.5B in-line with the preannouncement, however EPS of $0.79, beat revised guidance by $0.07.
Analyst Richard Kugele... More
Baird Upgrades Western Digital Corp. (WDC) to Outperform
July 29, 2016 6:41 AM EDTBaird upgraded Western Digital Corp. (NASDAQ: WDC) from Neutral to Outperform with a price target of $65.00 (from $50.00).
Analyst Tristan Gerra commented, "We are transitioning coverage of Western Digital to Baird's Semiconductor team. Our upgrade is predicated on strengthening NAND flash industry supply/demand... More
Western Digital (WDC) Tops Q4 EPS by 8c
July 28, 2016 4:18 PM EDTWestern Digital (NASDAQ: WDC) reported Q4 EPS of $0.79, $0.08 better than the analyst estimate of $0.71. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.45 billion.
Fiscal 2016 was a transformative year for our company and we are pleased by our customers... More
