Western Digital Stock News

Western Digital's stock has surged ~35% YTD, driven by strong Q1 earnings and plans to spin off its flash and HDD segments. The AI supercycle is boosting demand for memory chips, enhancing Western Digital's revenue and gross margins, especially in enterprise data centers. Western Digital's valuation is attractive at ~9x forward P/E, significantly lower than peers, suggesting potential for furth...

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced management participation in the following upcoming investor conferences: Event: UBS Global Technology and AI Conference Date: Tuesday, December 3, 2024 at 3:55 p.m. PT / 6:55 p.m. ET Event: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 at 9:30 a.m. PT / 12:30 p.m. ET Event: Nasdaq 51st I...

WASHINGTON , Nov. 21, 2024 /PRNewswire/ -- The Semiconductor Industry Association (SIA) today announced Western Digital (NASDAQ: WDC) CEO David Goeckeler has been elected Chair of the SIA Board of Directors. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

Companies can often boost their stock prices when they decide to spin off different divisions of the business. Oftentimes, this can mean shedding a non-core business or even a money-losing business into a separate entity.

Western Digital Corporation (NASDAQ:WDC ) Q1 2025 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President of Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President and Chief Financial Officer Conference Call Participants C.J. Muse - Cantor Fitzgerald Joe Moore - Morga...

Western Digital Corp topped Wall Street estimates for quarterly profit on demand for its data-storage products from cloud service providers, sending its shares up 9% in extended trading on Thursday.

Western Digital stock jumped late Thursday, after the data storage company reported a September quarter earnings beat.

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal first quarter financial results. “Western Digital's performance in the fiscal first quarter demonstrates our commitment to operational excellence and disciplined capital investment as our focus on lasting quality and reliability, driven by industry leading innovation and a diversified portfolio, has all...