Western Digital Corporation (WDC, commonly known as Western Digital or WD) is an American computer hard disk drive manufacturer and data storage company, headquartered in San Jose, California. It designs, manufactures and sells data technology products, including storage devices, data center systems and cloud storage services.
| Revenue (TTM) | $12.92B |
| Gross Profit (TTM) | $6.31B |
| EBITDA | $5.00B |
| Operating Margin | 43.60% |
| Return on Equity | 130.80% |
| Return on Assets | 20.80% |
| Revenue/Share (TTM) | $37.45 |
| Book Value | $20.91 |
| Price-to-Book | 17.96 |
| Price-to-Sales (TTM) | 13.05 |
| EV/Revenue | 12.28 |
| EV/EBITDA | 15.19 |
| Quarterly Earnings Growth (YoY) | 984.00% |
| Quarterly Revenue Growth (YoY) | 43.80% |
| Shares Outstanding | $360.54M |
| Float | $358.02M |
| % Insiders | 0.51% |
| % Institutions | 91.96% |
Volatility is currently contracting
Western Digital (WDC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The AI trade is bucking the trend Friday.
Western Digital (WDC) reported earnings 30 days ago. What's next for the stock?
Western Digital's AI-driven storage growth, rising HDD pricing and expanding margins strengthen its case, but lofty expectations make the stock a closer call.
Investors watching the semiconductor sector are seeing headlines about China's latest breakthroughs in memory chips. ChangXin Memory Technologies (CXMT) recently initiated small-batch production of high-bandwidth memory and plans to mass-produce LPDDR6 silicon later this year.
Shares of Western Digital (NASDAQ:WDC | WDC Price Prediction) have moved the wrong way during a month when nearly every other storage and memory name has rallied.
NVDA's strong second-quarter and AI demand could fuel further gains for MU, SNDK, STX and WDC.
Digital, Sandisk and Super Micro Computer have been highlighted in this Industry Outlook article.
Markets haven't moved much in August as volatility has hit, especially with AI. But the memory and storage trade isn't slowing.
The memory trade is unwinding on Thursday even as the broader semiconductor complex trades higher, a split that captures a classic case of great news landing into a crowded and heavily extended position.
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