The Latest Breaking News from Western Digital

Upgrades

STX stock fell after the disk drive maker lowered its business outlook against a worsening macroeconomic backdrop.

Western Digital Corp (NASDAQ:WDC) clocked 8% year-on-year revenue growth to $4.53 billion in Q4, beating the consensus of $4.49 billion. Non-GAAP EPS of $1.78 beat the consensus of $1.68. Barclays analyst Tom O'Malley had an Equal Weight and $55 price target. The market expected a reset, but the depths of decline and the exclusion…

 

Stock market indexes sold off on Friday after the July nonfarm payrolls report beat expectations by a country mile. Weak PC component guidance from hard drive maker Western Digital (WDC) added to pressure on tech stocks, with widely held names posting sizable losses. The Dow Jones Industrial Average traded lower…

Over the past 3 months, 8 analysts have published their opinion on Western Digital (NASDAQ:WDC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

The Dow Jones Industrial Average fell Wednesday, as Treasury yields jumped. Top stocks to buy and watch include cosmetics leader Ulta Beauty.

CNBC

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

Over the past 3 months, 8 analysts have published their opinion on Western Digital (NASDAQ:WDC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Western Digital's (NASDAQ:WDC) short percent of float has risen 16.89% since its last report. The company recently reported that it has 7.82 million shares sold short, which is 2.56% of all regular shares that are available for trading.