Western Digital (WDC) Shares Dropped 10% Despite Q2 Beat

Western Digital Corp. (WDC) PT Lowered to $59 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari lowered the price target on Western Digital Corp. (NASDAQ: WDC) to $59.00 (from $62.00) while maintaining a Neutral rating.

Western Digital (WDC) Announces CFO Transition

Western Digital Corp. (Nasdaq: WDC) (Western Digital or the Company) today announced that Wissam Jabre will assume the role of Western Digitals Executive Vice President and Chief Financial Officer effective the week of February 7, 2022. With over 20 years of experience in semiconductors and operations, Jabre was most recently Chief Financial Officer at Dialog Semiconductor.

Were thrilled for Wissam to join the Western Digital team. Not only is he a deeply experienced financial executive with strong semiconductor and international business experience, he also has technical expertise and shares our values of collaboration and innovation, said David... More

Western Digital (WDC) Tops Q2 EPS by 44c, Offers Guidance

Western Digital (NASDAQ: WDC) reported Q2 EPS of $2.30, $0.44 better than the analyst estimate of $1.86. Revenue for the quarter came in at $4.83 billion versus the consensus estimate of $4.24 billion.

GUIDANCE:

Western Digital sees Q3 2022 EPS of $1.50-$1.80, versus the consensus of $1.76.... More