Why Is Western Digital (WDC) Stock Rocketing Higher Today [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
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Source: Yahoo! Finance
third-quarter earnings with significant gross margin improvement, which helped to beat on adjusted operating profit and adjusted EPS. Notably, the cloud segment (54% of overall revenue) contributed the most to the top-line outperformance, accelerating 17% sequentially and 153% year on year. This was powered by what management considered "higher nearline shipments in HDD and enterprise SSD bit shipments to data center customers" and more than offsetting softness in the client and consumer segments. While guidance for next quarter's revenue and adjusted EPS slightly missed Wall Street's estimates, the market seemed to overlook this. Is now the time to buy Western Digital? Access our full analysis report here, it's free Western Digital's shares are somewhat volatile and have had 10 moves greater than 5% over the last year. But moves this big are rare even for Western Digital and indicate this news significantly impacted the market's perception of the business. The previous big move
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WDC
News
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WDC
Earnings
- 10/24/24 - Beat
WDC
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- WDC's page on the SEC website