Western Digital Announces Financial Results for Fourth Quarter and Fiscal Year 2018

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Go back to Western Digital Announces Financial Results for Fourth Quarter and Fiscal Year 2018

Western Digital Corp. (WDC) PT Lowered to $95 at Baird

July 27, 2018 8:39 AM EDT

Baird lowered its price target on Western Digital Corp. (NASDAQ: WDC) to $95.00 (from $135.00) while maintaining an Outperform rating.

Analyst Tristan Gerra is cutting estimates to reflect a continued oversupply environment negatively impacting NAND flash pricing.

"We expect NAND... More

UPDATE: Western Digital (WDC) Tops Q4 EPS by 11c, Revenues Beat; Announces New $5B Share Buyback

July 26, 2018 4:12 PM EDT

(Updated - July 26, 2018 4:13 PM EDT)

Western Digital (NASDAQ: WDC) reported Q4 EPS of $3.61, $0.11 better than the analyst estimate of $3.50. Revenue for the quarter came in at $5.12 million versus the consensus estimate of $5.07 billion.

I am pleased with our financial performance as we report strong revenue,... More