Western Digital Corp. (WDC) Scheduled to Post Quarterly Earnings on Thursday
Western Digital Corp. (NYSE:WDC) will be announcing its Q114 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $2.05 per share and revenue of $3.78 billion for the quarter.
Shares of Western Digital Corp. (NYSE:WDC) traded down 1.88% on Wednesday, hitting $70.87. 525,139 shares of the company’s stock traded hands. Western Digital Corp. has a 52-week low of $32.25 and a 52-week high of $70.61. The stock has a 50-day moving average of $64.9 and a 200-day moving average of $59.29. The company has a market cap of $16.796 billion and a price-to-earnings ratio of 18.15.
A number of research firms have recently commented on WDC. Analysts at Needham & Company reiterated a “strong-buy” rating on shares of Western Digital Corp. in a research note to investors on Tuesday. They now have a $81.00 price target on the stock, up previously from $77.00. On a related note, analysts at RBC Capital reiterated a “buy” rating on shares of Western Digital Corp. in a research note to investors on Monday. They now have a $72.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Western Digital Corp. in a research note to investors on Monday. They now have a $78.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Western Digital Corp. has an average rating of “Buy” and an average target price of $72.92.
Western Digital Corporation (NYSE:WDC) is a provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video.
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