Q1 Earnings Outperformers: Western Digital (NASDAQ:WDC) And The Rest Of The Semiconductors Stocks [Yahoo! Finance]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investor.wdc.com
Company Research
Source: Yahoo! Finance
The semiconductor industry is driven by cyclical demand for advanced electronic products like smartphones, PCs, servers, and data storage. While analog chips serve as the building blocks of most electronic goods and equipment, processors (CPUs) and graphics chips serve as their brains. The growth of data and technologies like artificial intelligence, 5G, Internet of Things, and smart cars are creating the next wave of secular growth for the industry. The 41 semiconductors stocks we track reported an ok Q1; on average, revenues beat analyst consensus estimates by 1.8%. while next quarter's revenue guidance was in line with consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mixed signals have led to market volatility, but semiconductors stocks have exhibited impressive performance, with the share prices up 10.9%
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WDC
News
- Western Digital Co. (NASDAQ: WDC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Here's Why Western Digital (WDC) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Western Digital Stock: Not Attractive [Seeking Alpha]Seeking Alpha
- After 50% Gains This Year Will AI Demand Continue To Drive Western Digital Stock Higher? [Forbes]Forbes
- Western Digital (WDC) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 6/18/24 - Form 4
- 6/17/24 - Form 144
- 6/17/24 - Form 4
- WDC's page on the SEC website