WDC

Western Digital Corporation [WDC] Stock Forecast

Q: What is Western Digital Corporation stock symbol ?

Western Digital Corporation is a US stock, located in San jose of Ca and trading under the symbol WDC

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WDC Stock Summary

Earnings have grown 11.06% per last year.

Earnings are expected to rise 59.75% next year

EPS has been increasing for the past 3 years (Yearly statements)

WDC has more than 2 years of cash runway (34 months)

EPS has been decreasing for the past 3 quarters (Quarter statements)

Profit margins (-0.01%) are lower than the previous year (0.08%)

Debt-to-Equity ratio of 1.07 is considered moderate, deeper research suggested.

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In the News

04:15 25 Mar 2023 WDC

Western Digital Corporation (WDC) Presents at Morgan Stanley Technology, Media & Telecom Conference

Western Digital Corporation (NASDAQ:WDC ) Morgan Stanley Technology, Media & Telecom Conference March 7, 2023 11:35 AM ET Company Participants Dave Goeckeler - CEO Wissam Jabre - CFO Conference Call Participants Joe Moore - Semiconductor Industry Analyst Joe Moore Hi, everybody. I'm back. I'm Joe Moore from Morgan Stanley.

12:48 25 Mar 2023 WDC

Why Is Western Digital (WDC) Down 12% Since Last Earnings Report?

Western Digital (WDC) reported earnings 30 days ago. What's next for the stock?

07:07 25 Mar 2023 WDC

7 Overlooked Tech Stocks That Could Be the Next Big Thing

While the new year generally delivered a sense of optimism, it's important for investors not to ignore overlooked tech stocks to buy. Of course, the broader technology space inherently commands significant attention.

09:06 25 Mar 2023 WDC

Western Digital: A Total Reset In Progress

Western Digital is a multinational corporation that designs, produces, and distributes data storage products and services. With a weekly fluctuation rate of 6.8% compared to the industry's 7.2% during the last three months, the company's share price volatility has been comparatively lower than the industry's.

05:00 25 Mar 2023 WDC

Western Digital to Participate in Upcoming Investor Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced management participation in the upcoming investor conference: Event: Morgan Stanley Technology, Media & Telecom Conference Date: Tuesday, March 7, 2023 at 8:35 a.m. PT / 11:35 a.m. ET This management presentation will be available as a live webcast, accessible through Western Digital's Investor Relations website at investor.wdc.com.

08:30 25 Mar 2023 WDC

Western Digital, Micron, Seagate All Get Upgrades. A 'Cyclical Bottom' Is Forming.

Micron said late Thursday a board committee has approved plans to cut certain executives' salaries and suspended all executive bonuses in the fiscal year 2023.

03:38 25 Mar 2023 WDC

Top 2 stocks to buy and 2 to avoid: research company

Mill Street Research, an independent consulting and research company, released its weekly newsletter on Monday. The report includes buy ideas and sell ideas for the Russell 1000.

10:35 25 Mar 2023 WDC

Should You Still Buy the S&P 500's Best-Performing January Stocks?

The broad market soared last month -- here were the big winners.

01:32 25 Mar 2023 WDC

Western Digital (WDC) Reports Loss in Q2, Revenues Beat

Western Digital (WDC) fiscal second quarter top line was affected by challenging flash pricing environment.

12:50 25 Mar 2023 WDC

Western Digital stock drops despite receiving $900 million boost from Elliott, Apollo Management

Yahoo Finance Live anchors Brad Smith, Brian Sozzi, and Julie Hyman discuss the decline in stock for Western Digital. Apollo is the parent company of Yahoo Finance.

WDC Financial details

Company Rating

Buy

Market Cap

11.2B

Income

-93M

Revenue

15.75B

Book val./share

38.1

Cash/share

5.88

Dividend

Dividend %

Employees

65K

Optionable

Yes

Shortable

Yes

Earnings

26 Apr 2023

P/E

-120.6

Forward P/E

PEG

10.96

P/S

0.71

P/B

0.93

P/C

5.99

P/FCF

-27.27

Quick Ratio

0.86

Current Ratio

1.91

Debt / Equity

1.07

LT Debt / Equity

0.58

EPS (TTM)

-0.27

EPS next Y

EPS next Q

0.59

EPS this Y

78.81%

EPS next Y

EPS next 5Y

-3414.81%

EPS last 5Y

16.2%

Revenue last 5Y

-1.86%

Revenue Q/Q

-16.84%

EPS Q/Q

-1655.56%

SMA20

-12.5%

SMA50

-2.78%

SMA100

Inst Own

86.71%

Inst Trans

0.54%

ROA

ROE

-1%

ROC

0.04%

Gross Margin

26%

Oper. Margin

Profit Margin

-1%

Payout

Shs Outstand

319.33M

Shs Float

317.69M

Target Price

64.83

52W Range

29.73-63.26

52W High

-44.07%

52W Low

+21.5%

RSI

Rel Volume

0.33

Avg Volume

4.65M

Volume

1.53M

Perf Week

-0.3%

Perf Month

-18.08%

Perf Quarter

3.48%

Perf Half Y

-0.86%

Beta

1.6745

Volatility

0.22%, 2.78%

Prev Close

-0.1%

Price

35.235

Change

0.9%

WDC Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-07-01

Metric	2018-06-29	2019-06-28	2020-07-03	2021-07-02	2022-07-01
Revenue per share	69.52	56.74	56.16	55.48	60.23
Net income per share	2.27	-2.58	-0.84	2.69	4.81
Operating cash flow per share	14.16	5.3	2.77	6.22	6.03
Free cash flow per share	11.35	2.3	0.59	2.47	2.48
Cash per share	16.85	11.83	10.23	11.05	7.46
Book value per share	38.82	34.13	32.05	35.15	39.17
Tangible book value per share	-4.12	-6.23	-4.89	0.7	6.3
Share holders equity per share	38.82	34.13	32.05	35.15	39.17
Interest debt per share	39.89	37.64	30.85	29.68	23.37
Market cap	22.99B	13.88B	12.65B	21.41B	13.55B
Enterprise value	29.16B	20.95B	19.17B	26.77B	18.24B
P/E ratio	34.06	-18.41	-50.59	26.08	9.03
Price to sales ratio	1.11	0.84	0.76	1.27	0.72
POCF ratio	5.47	8.98	15.35	11.28	7.21
PFCF ratio	6.82	20.69	71.45	28.48	17.53
P/B Ratio	1.99	1.39	1.32	2	1.11
PTB ratio	1.99	1.39	1.32	2	1.11
EV to sales	1.41	1.26	1.15	1.58	0.97
Enterprise value over EBITDA	6.05	10.51	16.83	10.86	5.49
EV to operating cash flow	6.93	13.54	23.27	14.1	9.7
EV to free cash flow	8.65	31.22	108.33	35.6	23.6
Earnings yield	0.03	-0.05	-0.02	0.04	0.11
Free cash flow yield	0.15	0.05	0.01	0.04	0.06
Debt to equity	1.54	1.65	1.69	1.44	1.15
Debt to assets	0.61	0.62	0.63	0.59	0.53
Net debt to EBITDA	1.28	3.54	5.73	2.17	1.41
Current ratio	2.39	2.22	2.05	2	1.81
Interest coverage	5.35	0.19	-0.88	3.74	8.92
Income quality	6.23	-2.05	-3.3	2.31	1.25
Dividend Yield	0.03	0.04	0.05	0	0
Payout ratio	0.88	-0.77	-2.38	0	0
Sales general and administrative to revenue	0.07	0.08	0.07	0	0
Research and developement to revenue	0.12	0.13	0.14	0.13	0.12
Intangibles to total assets	0.44	0.45	0.43	0.4	0.39
Capex to operating cash flow	-0.2	-0.57	-0.79	-0.6	-0.59
Capex to revenue	-0.04	-0.05	-0.04	-0.07	-0.06
Capex to depreciation	-0.41	-0.48	-0.41	-0.95	-1.19
Stock based compensation to revenue	0.02	0.02	0.02	0.02	0.02
Graham number	44.56	44.53	24.6	46.14	65.09
ROIC	0.07	0.01	0.11	0.06	0.09
Return on tangible assets	0.04	-0.05	-0.02	0.05	0.09
Graham Net	-32.25	-35.63	-32.7	-28	-24.96
Working capital	6.18B	4.66B	4.64B	4.89B	4.22B
Tangible asset value	-1.22B	-1.82B	-1.46B	213M	1.97B
Net current asset value	-7.07B	-7.93B	-7.06B	-5.65B	-4.59B
Invested capital	0.97	1.06	1	0.81	0.57
Average receivables	2.07B	1.7B	1.79B	2.32B	2.53B
Average payables	2.44B	2.21B	2.13B	2.34B	2.12B
Average inventory	2.64B	3.11B	3.18B	3.34B	3.63B
Days sales outstanding	38.84	26.52	51.88	48.68	54.46
Days payables outstanding	71.18	54.67	66.62	68.64	53.74
Days of inventory on hand	83.03	94.56	86.95	106.43	102.78
Receivables turnover	9.4	13.76	7.03	7.5	6.7
Payables turnover	5.13	6.68	5.48	5.32	6.79
Inventory turnover	4.4	3.86	4.2	3.43	3.55
ROE	0.06	-0.08	-0.03	0.08	0.12
Capex per share	-2.81	-3	-2.17	-3.76	-3.55

Quarterly Fundamentals Overview

Last date of statement is 2022-12-30 for Q2

Metric	2021-12-31	2022-04-01	2022-07-01	2022-09-30	2022-12-30
Revenue per share	15.49	14	14.42	11.82	9.77
Net income per share	1.81	0.08	0.96	0.09	-1.4
Operating cash flow per share	2.13	1.27	0.94	0.02	0.11
Free cash flow per share	1.15	0.34	0.05	-0.99	-0.7
Cash per share	8.11	8	7.41	6.48	5.88
Book value per share	38.52	38.29	38.92	38.31	38.1
Tangible book value per share	5.3	5.34	6.26	6	6.1
Share holders equity per share	38.52	38.29	38.92	38.31	38.1
Interest debt per share	23.67	23.12	22.53	22.6	22.44
Market cap	20.35B	15.15B	13.63B	10.29B	10.03B
Enterprise value	25.12B	19.8B	18.33B	15.31B	15.23B
P/E ratio	9.02	151.46	11.32	95.24	-5.62
Price to sales ratio	4.21	3.46	3.01	2.75	3.23
POCF ratio	30.55	38.06	46.22	1.71K	286.65
PFCF ratio	56.52	141.55	801.99	-32.76	-44.99
P/B Ratio	1.69	1.26	1.12	0.85	0.83
PTB ratio	1.69	1.26	1.12	0.85	0.83
EV to sales	5.2	4.52	4.05	4.1	4.9
Enterprise value over EBITDA	26.06	35.81	23.41	41.37	-142.36
EV to operating cash flow	37.72	49.76	62.13	2.55K	435.23
EV to free cash flow	69.78	185.08	1.08K	-48.75	-68.31
Earnings yield	0.03	0	0.02	0	-0.04
Free cash flow yield	0.02	0.01	0	-0.03	-0.02
Debt to equity	1.17	1.14	1.15	1.12	1.07
Debt to assets	0.54	0.53	0.53	0.53	0.52
Net debt to EBITDA	4.96	8.42	6	13.57	-48.6
Current ratio	1.93	2.09	2.07	1.83	1.91
Interest coverage	9.57	4.32	11.02	2.26	-3.83
Income quality	1.18	15.92	0.98	0.22	-0.08
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0	0	0	0	0
Research and developement to revenue	0.12	0.13	0.13	0.15	0.17
Intangibles to total assets	0.4	0.4	0.39	0.4	0.41
Capex to operating cash flow	-0.46	-0.73	-0.94	-53.33	-7.37
Capex to revenue	-0.06	-0.07	-0.06	-0.09	-0.08
Capex to depreciation	-1.26	-1.35	-1.26	-1.48	-1.21
Stock based compensation to revenue	0.02	0.02	0.02	0.02	0.03
Graham number	39.58	8.3	28.97	8.58	34.67
ROIC	0.03	0	0.02	0	-0.01
Return on tangible assets	0.04	0	0.02	0	-0.03
Graham Net	-24.34	-24.33	-24.81	-24.63	-24.36
Working capital	4.61B	4.78B	4.9B	4.11B	4B
Tangible asset value	1.65B	1.67B	1.97B	1.9B	1.94B
Net current asset value	-4.47B	-4.54B	-4.59B	-4.51B	-4.55B
Invested capital	0.61	0.6	0.57	0.58	0.58
Average receivables	2.59B	2.55B	2.58B	2.61B	2.16B
Average payables	2.34B	2.32B	2.07B	1.94B	1.77B
Average inventory	3.6B	3.65B	3.65B	3.75B	3.82B
Days sales outstanding	51.08	48.34	55.73	58.35	55.18
Days payables outstanding	66.77	62.78	55.52	64.72	54.47
Days of inventory on hand	100.99	102.97	106.2	126.16	131.67
Receivables turnover	1.76	1.86	1.61	1.54	1.63
Payables turnover	1.35	1.43	1.62	1.39	1.65
Inventory turnover	0.89	0.87	0.85	0.71	0.68
ROE	0.05	0	0.02	0	-0.04
Capex per share	-0.98	-0.93	-0.89	-1.01	-0.81

WDC Frequently Asked Questions

What is Western Digital Corporation stock symbol ?

Western Digital Corporation is a US stock , located in San jose of Ca and trading under the symbol WDC

Is Western Digital Corporation buy or a sell ?

33 stock analysts have 33 predictions with a medium analyst target price of $65.64. The lowest prediction is $31 and the highest is $101

What is WDC stock prediction ?

With a median analyst target price of $60, 1 stock analysts have made 1 forecasts in last 90 days. $60 is the lowest and $60 is the greatest projection.

What is Western Digital Corporation stock quote today ?

Western Digital Corporation stock price is $35.235 today.

Is Western Digital Corporation stock public?

Yes, Western Digital Corporation is a publicly traded company.

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Company Profile

Volume Average 4.65M
Market Capitalization 11.2B
Employee 65K
CEO Mr. David V. Goeckeler
Headquarters San Jose,CA,US
IPO Date 1991-01-31
Website https://www.westerndigital.com

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.