Western Digital is a leading provider of data storage solutions, specializing in hard drives, solid-state drives, and cloud storage services. The company designs, manufactures, and sells a variety of storage devices for personal and enterprise use, catering to the needs of consumers, businesses, and data centers around the globe. With a focus on innovation, Western Digital continually develops advanced technologies to enhance data management and security, enabling users to store and access their information efficiently and reliably. The company plays a vital role in the digital economy, powering everything from personal computing and gaming to large-scale enterprise applications. Read More
Leading data storage manufacturer Western Digital (NASDAQ: WDC) reported Q1 CY2025 results exceeding the market’s revenue expectations, but sales fell by 33.6% year on year to $2.29 billion. On top of that, next quarter’s revenue guidance ($2.45 billion at the midpoint) was surprisingly good and 5.2% above what analysts were expecting. Its non-GAAP profit of $1.36 per share was 22.7% above analysts’ consensus estimates.
Wall Street braces for volatile Wednesday as U.S. GDP data shows unexpected economic contraction, raising fears of a recession. Pre-market futures down.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
Rosenblatt analyst maintains Buy on Western Digital, lowers price target to $50. Expects profitable growth in HDD market driven by AI and cloud demand.
Essential to cloud data center infrastructure, hard disk drives (HDDs) are complex devices that blend material science, mechanical engineering and physics. As part of its innovation, HDDs use a range of rare earth elements (REEs) like Neodymium (Nd), Praseodymium (Pr) and Dysprosium (Dy), prized for their magnetic properties to help HDDs precisely read and write data. Yet, traditional recycling methods recover only a fraction of these valuable materials, often missing rare earths entirely, leading to unnecessary waste.
Western Digital Corp. (Nasdaq: WDC) plans to announce its third quarter fiscal year 2025 financial results before the market opens on Wednesday, April 30, 2025. The company will host a conference call with the investment community to discuss these results on April 30, 2025, at 5:30 a.m. Pacific / 8:30 a.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.
The US market is yet to commence its session on Friday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Benchmark analyst upgrades Western Digital (WDC) to Buy with $55 price target, citing attractive valuation, expected data center growth and AI opportunities.
Stay informed about the performance of the S&P500 index in the middle of the day on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
U.S. stocks staged a broad-based rally on Monday, snapping a volatile losing streak after President Donald Trump hinted at a more diplomatic approach to tariff negotiations.
