Western Digital Announces Financial Results for Second Quarter Fiscal Year 2019

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Go back to Western Digital Announces Financial Results for Second Quarter Fiscal Year 2019

Western Digital Corp. (WDC) PT Lowered to $47 at Mizuho Securities

January 25, 2019 8:29 AM EST

Mizuho Securities analyst Vijay Rakesh lowered the price target on Western Digital Corp. (NASDAQ: WDC) to $47.00 (from $49.00) while maintaining a Neutral rating following the company's December quarter. WDC reported inline DecQ rev/EPS/GM at $4.2B/$1.45/31.3% (Cons $4.3B/$1.50/32.0%) and guided MarQ rev/EPS/GM... More

Western Digital Corp. (WDC) PT Lowered to $50 at Baird Following 2Q Report

January 25, 2019 6:58 AM EST

Baird analyst Tristan Gerra lowered the price target on Western Digital Corp. (NASDAQ: WDC) to $50.00 (from $55.00) while maintaining a Outperform rating following the company's 2Q earnings report. Western Digital reported non-GAAP EPS of $1.45, at the low end of the guidance range of $1.45-$1.65.... More

Western Digital Corp. (WDC) PT Lowered to $40 at Susquehanna

January 25, 2019 6:52 AM EST

Susquehanna analyst Medhi Hosseini lowered the price target on Western Digital Corp. (NASDAQ: WDC) to $40.00 (from $44.00) while maintaining a Neutral rating. WDC's guide came in relatively inline with Susquehanna's below-consensus estimate. There are several moving parts to the story, which increases uncertainty,... More

Western Digital (WDC) Misses Q2 EPS by 4c

January 24, 2019 4:11 PM EST

Western Digital (NASDAQ: WDC) reported Q2 EPS of $1.45, $0.04 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.25 billion.

Despite a softening business environment, our fiscal second quarter results were generally within our guidance ranges, said... More