Stockreport
Benchmark downgrades Western Digital on growing FY25 concerns [Yahoo! Finance]
Last western digital corporation earnings: 4/30 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
on Thursday, citing mounting challenges that could impact the company's fiscal 2025 performance. The firm highlights softening NAND pricing, weaker demand, and a shrinking market share as key concerns. “We see a growing number of concerns for Western Digital,” Benchmark stated, pointing to “softening NAND pricing driven by customer inventory adjustments in consumer markets” and ongoing slowness in industrial and automotive NAND demand. These pressures have led the firm to lower its FY25 forecast from $8.16 to $7.57 in non-GAAP net income per diluted share, with expected sales reduced from $17.4 billion to $16.7 billion. “At a recent investor conference, CEO David Goeckeler indicated the firm was seeing more pricing headwinds than previously anticipated with these headwinds expected to continue in the next quarter,” said Benchmark. Compounding these issues is weak guidance from competitor Micron Technology (NASDAQ:MU), which recently reported a sequential decline in NAND aver
[Read more]
| IMPACT SNAPSHOT | EVENT TIME: | WDC | ||||
|---|---|---|---|---|---|---|
|
Last Price
|
Price Change
|
Price Change %
|
Volume Shares
|
Max Up
|
Max Down
|
Volume Ratio
%
|
Performance comparison
Updated
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| LAST PRICE | ||
| VWAP | ||
|
High:
|
MAX UP |
High:
|
|
Low:
|
MAX DOWN |
Low:
|
|
%
|
POST NEWS RANGE |
%
|
|
|
PRICE CHANGE |
|
|
|
PRICE CHANGE PERCENTAGE |
|
|
|
S&P 500 (SPX) |
|
|
%
|
VOLUME RATIO |
%
|
| VOLUME (SHARES) | ||
| TICKS | ||
|
|
AVG SHARES PER TRADE |
|
Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Be the first to know
Opt in for alerts from News Quantifed
Opt-in for
WDC alerts
WDC alerts
from News Quantified
Movers & Shakers
The biggest gainers and losers and WHY it moved
WDC alerts
High impacting Western Digital Corporation news events
Weekly update
A roundup of the hottest topics
WDC
NEWS
NEWS
- Western Digital Co. (NASDAQ: WDC) had its price target lowered by analysts at Morgan Stanley from $100.00 to $93.00. They now have an "overweight" rating on the stock.[MarketBeat]
- Western Digital Co. (NASDAQ: WDC) was downgraded by analysts at Benchmark Co. from a "buy" rating to a "hold" rating.[MarketBeat]
- Here comes Sandisk with a rebrand [Verge, The][Verge, The]
- Seagate is getting ready to launch its first high-capacity HAMR hard drive [Verge, The][Verge, The]
- Chipmaker Kioxia Advances in Tokyo Debut After Jumbo IPO [Yahoo! Finance Canada][Yahoo! Finance Canada]
- More
WDC
SEC Filings
SEC Filings
- 12/13/24 - Form 8-K
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- WDC's page on the SEC website
- More