Summit Insights Downgrades Western Digital Corp. (WDC) to Hold, 'further improvements to profitability are now limited'

Goldman Sachs Reiterates Neutral Rating on Western Digital Corp. (WDC)

Goldman Sachs analyst Toshiya Hari reiterated a Neutral rating and $79.00 price target on Western Digital Corp. (NASDAQ: WDC).

The analyst comments "WD delivered strong FY4Q (June) results, with non-GAAP EPS (excl. SBC) of $1.44 exceeding Street consensus by 22% as consistent product execution and... More

Western Digital Corp. (WDC) PT Raised to $94 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Western Digital Corp. (NASDAQ: WDC) to $94.00 (from $86.00) while maintaining a Overweight rating.

The analyst comments "As previewed, WD guided conservatively given the coming separation, with rev/gross profit upside offset by inverse synergies.... More

After-hours movers: Meta Platforms, Qualcomm, Western Digital, Carvana

After-Hours Stock Movers:

Meta Platforms (NASDAQ: META) rose 4% after it reported strong second quarter results and guidance, as ad impressions delivered across its apps increased by 10% year-over-year.

Qualcomm (NASDAQ:... More

Western Digital falls 4% on Q4 revenue miss, guidance trails estimates

SAN JOSE, Calif. - Western Digital Corp. (NASDAQ: WDC) shares tumbled 4% as the company's fourth-quarter revenue fell short of Wall Street expectations, and its guidance for the first quarter of 2025 came in below analyst projections.

The data storage giant reported fourth-quarter earnings of $1.44 per share, surpassing the consensus... More

Western Digital (WDC) Tops Q4 EPS by 28c; offers guidance

Western Digital (NASDAQ: WDC) reported Q4 EPS of $1.44, $0.28 better than the analyst estimate of $1.16. Revenue for the quarter came in at $3.76 billion versus the consensus estimate of $3.74 billion.

GUIDANCE:

Western Digital sees Q1 2025 EPS of $1.55-$1.85, versus the consensus of... More