Western Digital: A Buy-The-Dip Opportunity Ahead Of Q4 Earnings

BOOX Research
20.33K Followers
(8min)

Summary

  • We preview Western Digital's upcoming Q4 earnings report set for July 31.
  • The company is delivering profitable growth ahead of its planned flash business spin-off later this year.
  • The recent selloff may represent a compelling new buying opportunity ahead of the earnings report.
Western Digital headquarters in San Jose, California, USA

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Western Digital Corp (NASDAQ:WDC) has emerged as one of the market's more interesting turnaround stories, marked by an improved growth and earnings outlook. Even amid the latest round of tech sector volatility, shares of WDC are still up more than 75% over the

This article was written by

20.33K Followers
BOOX Research run by Dan Victor, CFA specializes in covering small-caps and under-the-radar ideas. Dan brings more than 15 years of experience in financial services across multiple roles in research, investment management, and trading. Dan is also the winner of Seeking Alpha's 2023 stock market prediction contest-- beating out a field of 40 analysts by correctly forecasting the S&P 500's 24% gain that year. https://seekingalpha.com/article/4660791-2023-market-prediction-contest-winners

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WDC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information contained herein represents the personal opinions and views of Dan Victor only and is intended for informational and/or educational purposes. It should not be construed as a specific recommendation or solicitation to buy or sell any security or follow any particular investment strategy. Please consult with your financial advisor before making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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