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Western Digital Corporation (WDC)

- NASDAQ
  • Jan. 24, 2012, 9:59 AM
    Western Digital's (WDC +7.7%) FQ2 revenue beat and upward guidance wins at least one convert, Needham’s Richard Kugele, who raises his rating to Buy from Hold, writing that his concerns stemming from the cost of the flooding in Thailand have been alleviated. WDC’s confidence that it will conclude its acquisition of Hitachi's storage division relieves him of worries the deal will drag on.
    | Jan. 24, 2012, 9:59 AM | Comment!
  • Jan. 24, 2012, 9:05 AM
    Premarket gainers: PLCM +14%. CLWR +7%. VMW +7%. SNV +4%. WDC +4%. EMC +4%. COH +3%.
    Losers: IDCC -17%. NOK -8%. ZION -7%. EAT -6%. IGT -6%. KSU -6%. BTU -5%. LYG -5%. STM -5%. PNNT -5%. ALU -4%. GEL -4%. BHI -5%. CTIC -3%. BCS -3%. DB -3%. KMB -3%. CSX -3%. ANR -3%. CS -3%. MTG -3%.
    | Jan. 24, 2012, 9:05 AM | Comment!
  • Jan. 23, 2012, 5:56 PM
    Western Digital (WDC) uses its FQ2 earnings call (webcast) to guide for FQ3 revenue of $2B-$2.15B ($2.05B consensus) and EPS of $1.15-$1.45 ($0.91 consensus). WDC +5.2% AH. STX +1.6%. (FQ2 results) (Thailand update)
    | Jan. 23, 2012, 5:56 PM | Comment!
  • Jan. 23, 2012, 4:53 PM
    More on Western Digital (WDC): FQ2 beats on revenue as the company says its made "significant additional progress to restore its manufacturing capacity following the recent flooding in Thailand." The company also addded that its manufacturing capacity should be back to pre-flood levels by the end of the September quarter. Shares +4.8% AH.
    | Jan. 23, 2012, 4:53 PM | Comment!
  • Jan. 23, 2012, 4:45 PM
    Western Digital (WDC): FQ2 EPS of $0.61 misses by $0.10. Revenue of $2B (-2% Y/Y) beats by $160M. Shares +4.4% AH. (PR)
    | Jan. 23, 2012, 4:45 PM | Comment!
  • Jan. 23, 2012, 12:10 AM
    Notable earnings after Monday's close: CSX, FNB, PLCM, STM, TXN, VMW, WDC, ZION
    | Jan. 23, 2012, 12:10 AM | Comment!
  • Jan. 22, 2012, 5:35 PM
    Notable earnings after Monday's close: CSX, FNB, PLCM, STM, TXN, VMW, WDC, ZION
    | Jan. 22, 2012, 5:35 PM | Comment!
  • Jan. 17, 2012, 6:13 AM
    Western Digital (WDC), which was hit hard by the Thai floods, expects its two factories in the country to return to pre-flood output levels by September. One plant restarted production in November and the other is due to resume operations in March.
    | Jan. 17, 2012, 6:13 AM | Comment!
  • Jan. 5, 2012, 10:35 AM
    Seagate's (STX +5.8%) strong FQ2/FQ3 guidance is triggering a broader rally in makers of storage drives - both hard drives and solid-state drives - as investors eagerly anticipate a 1H environment of strong pricing and high margins. WDC +6.6%. OCZ +5.4%. STEC +4.4%. SNDK +1.1%. At a valuation of just 3x its estimated FY13 (ends June '13) EPS, Needham thinks Seagate is still dirt cheap.
    | Jan. 5, 2012, 10:35 AM | Comment!
  • Jan. 4, 2012, 5:27 PM
    Seagate (STX) jumps 6.1% AH after stating it expects FQ2 (ended in December) revenue of $3.1B-$3.2B and FQ3 revenue of $4.2B-$4.5B, well above consensus estimates of $2.8B and $3.6B, respectively. Gross margins are also expected to surge. Seagate was expected to profit handsomely from its minimal exposure to the hard drive industry disruptions caused by Thai flooding; now we know how much. WDC +2.3%
    | Jan. 4, 2012, 5:27 PM | Comment!
  • Dec. 27, 2011, 3:52 PM
    FBR's Craig Berger's checks lead him to believe (as others do) that hard drive production is rebounding faster than expected after being devasted by Thai flooding. He now expects production to reach 135M units in Q1 (prior forecast of 125M), and grow to 162M in Q2. This leads him to reiterate an Outperform on hard drive chipmaker LSI, whom he thinks could deliver consensus-beating Q1 revenue. (also)
    | Dec. 27, 2011, 3:52 PM | Comment!
  • Dec. 27, 2011, 8:48 AM
    The Chinese government asserts Western Digital's (WDC) planned purchase of Hitachi's (HIT) hard drive division will "exert a negative impact on Chinese consumers," and says it will seek "appropriate solutions" to deal with the issue. Chinese regulators already drove a hard bargain with Seagate (STX) over its purchase of Samsung's hard drive unit. (EU approval)
    | Dec. 27, 2011, 8:48 AM | 1 Comment
  • Dec. 16, 2011, 11:50 AM
    Western Digital (WDC +1.9%) is outperforming today, while the opposite holds for Seagate (STX -1.1%), as well as solid-state drive vendors OCZ (OCZ -1.2%) and STEC (STEC -0.7%). The culprit could be remarks from circuit board maker GBM about hard drive supply shortages likely easing in Q1, ahead of expectations. Western Digital's lost production is heavily responsible for the shortages.
    | Dec. 16, 2011, 11:50 AM | Comment!
  • Dec. 13, 2011, 9:45 AM
    If Digitimes Research is right, the hard drive industry's supply issues will improve considerably after January, thanks to the recovery efforts of Western Digital (WDC) and its component suppliers. Global hard drive supplies are expected to increase 18% Q/Q in Q2, to 165M units, and PC manufacturer inventories are expected to go from seeing a 4M unit shortage in Q1 to a small surplus in Q3.
    | Dec. 13, 2011, 9:45 AM | Comment!
  • Dec. 3, 2011, 10:45 AM
    "We're at an inflection point in history," says Loews' (L) savvy investment chief Joe Rosenberg, comparing today's equity market to Treasuries in the early 80s when he had trouble convincing folks to buy long bonds yielding 15%. One favorite is Microsoft (MSFT), a better buy by every metric than a recent purchase of Warren Buffett's. Among his other picks: JNJ, MRK. A pan: Treasuries, "in the final throes of one of the greatest bubbles I have ever seen."
    | Dec. 3, 2011, 10:45 AM | 13 Comments
  • Dec. 2, 2011, 10:04 AM
    Western Digital (WDC +13.1%) surges higher in the early going after raising its FQ2 sales outlook and painting a milder view of the impact of Thailand's flooding. Think Equity raises its rating to Buy and hikes its price target to $40 from $25: "WDC appears to be managing the crisis very effectively and hence appears unlikely to lose as much share as we had previously anticipated."
    | Dec. 2, 2011, 10:04 AM | Comment!
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Company Description
Western Digital Corp is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments & other organizations to create, manage, experience & preserve digital content. Its products include HDDs and SSDs.
Sector: Technology
Country: United States