38.90 +0.12 (0.31%)
Pre-Market: 7:00AM EST
|Bid||38.50 x 1000|
|Ask||39.29 x 4000|
|Day's Range||38.76 - 39.99|
|52 Week Range||38.76 - 106.96|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||23.53|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||2.00 (5.16%)|
|1y Target Est||67.19|
Index (PMI) data, output in the Technology sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Shares of storage company Pure Storage (PSTG) fell 5.9% to close trading at $17.41 on December 7. Pure Storage has generated returns of -8% this month and -33% since the start of October.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Because of the massive amount of capital they manage (over $3 trillion), hedge funds’ collective buying and selling activity can have a significant effect on the direction of the overall market as well as that of individual stocks. Heading into the market turmoil of Q4, equity hedge funds’ exposure to the S&P 500 was at […]
suffered a steep decline this year but some light at the end of the tunnel has emerged on the charts. In this daily bar chart of WDC, below, it would be hard to miss the big decline from March to the end of October where prices fell from around $105 to near $40 which sounds like a 2/3 retracement on the back of an envelope. Prices have been weak the past month but the OBV line is holding up a bit.
Craig-Hallum analyst Christian Schwab upgraded Western Digital Corp. shares to buy from hold on Thursday, writing that while the exact timing of a NAND supply/demand recovery is hard to pinpoint, he expects that the environment will inevitably normalize. "We believe the time to buy cyclical stocks is after they have gotten crushed, not when the environment is positive and the industry is arguing they are no longer cyclical," wrote Schwab, who has a $59 target price on the shares. His upgrade comes after Western Digital's Tuesday analyst day, during which the company discussed slowing mobile-phone growth but a somewhat better-than-expected PC landscape. Shares are up 0.2% in Thursday morning trading. Other analysts were downbeat following the commentary from management. "Add it all up and we continue to see risk to the name with a reset on the horizon and net debt of $20/share adding potential risk to the dividend in a protracted downturn," wrote Evercore ISI's C.J. Muse, who has an in-line rating and $35 target on the stock. Cowen & Co.'s Karl Ackerman lowered his target to $50 from $50 and kept a market-perform rating on the shares, writing that the "financial picture remains cloudy" for the next several quarters. "This, unfortunately, will supersede the company's systematic progression toward a more margin-rich, sustainable product portfolio," he said. WDC's stock has fallen 46% so far this year, while the S&P 500 has dropped 0.7%.
Fund of America Class A shares (without sales charge)* declined -0.67% in the third quarter, underperforming the S&P 500 Index, which returned 7.71%. Warning! GuruFocus has detected 3 Warning Signs with CC. Growth over Value: As in the first half of the year, the US equity market's performance continued to be dominated by growth stocks during the quarter, although some rotation out of these growth names did appear to occur during September and the early days of October.
Western Digital Corp. (WDC) today announced at the RISC-V Summit three new open-source innovations designed to support Western Digital’s internal RISC-V development efforts and those of the growing RISC-V ecosystem. In his keynote address, Western Digital’s Chief Technology Officer Martin Fink unveiled plans to release a new open source RISC-V core, an open standard initiative for cache coherent memory over a network and an open source RISC-V instruction set simulator. Western Digital has taken an active role in helping to advance the RISC-V ecosystem, including multiple related strategic investments and partnerships, and demonstrated progress toward its stated goal of transitioning one billion of the company’s processor cores to the RISC-V architecture.
Western Digital (WDC) closed the most recent trading day at $45.39, moving -0.29% from the previous trading session.
So far, we’ve seen that HP Inc.’s (HPQ) revenue and earnings rose at a robust pace in fiscal 2018. The company has reported double-digit year-over-year growth in the last five consecutive quarters.
Investing.com - The Dow snapped a three-day winning streak Thursday, pressured by selling moments before the close, even as minutes from the Fed's November meeting fueled expectations for a slower pace of rate hikes.
Western Digital Corp. (WDC) today announced the appointments of Kimberly Alexy and Stephanie Streeter to its board of directors. Alexy and Streeter were also appointed to the audit committee of the board of directors. Together they bring to Western Digital decades of experience in strategic leadership in vertically integrated manufacturing, supply chain and distribution.
We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those funds think of Western Digital Corp. (NASDAQ:WDC) based on that […]
This hard drive and solid-state storage specialist is cheap for a reason, but adventurous investors might want to start nibbling at the stock anyhow. Here's how.
In the fourth quarter of fiscal 2018, Apple’s (AAPL) iPhone sales rose 29% YoY (year-over-year) to $37.2 billion. Two of Apple’s suppliers, Qorvo (QRVO) and Lumentum (LITE), also lowered their guidances due to softness in iPhone-related orders.
Stocks that moved substantially or traded heavily Wednesday: Tiffany & Co., down $12.41 to $92.54 The luxury retailer reported weak sales as spending by Chinese tourists decreased. J.M. Smucker Co., down ...
Western Digital Corp. announced today that its 2018 Investor Day will be held on Tuesday, December 4, 2018. A live video broadcast of the event, including the presentations and panel discussions, will be accessible via webcast beginning at 8:00 a.m.
Western Digital (WDC) hurt by sluggishness in client compute hard drives and slower-than-expected trends in flash market pricing.
Western Digital Corp. said late Tuesday that Chief Financial Officer Mark Long has decided to step down to become a private-equity investor. The company has started a search for a successor, and to ensure a "smooth leadership transition" Long will remain an executive through June 1, 2019. Long will remain CFO until his departure or until a permanent successor is appointed, Western Digital said. Long has served as CFO since 2016. Shares of Western Digital were flat in the extended session and closed up 1.6% on Tuesday.
Western Digital Corp. (WDC) today announced that Mark Long, chief financial officer, chief strategy officer and president, Western Digital Capital, has decided he will step down from his current role to pursue opportunities as a private equity investor. Western Digital has begun a comprehensive search for a successor. Long has served as Western Digital’s chief financial officer since 2016.