Western Digital Corporation
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Track Western Digital Corporation in real time with a live news feed covering Western Digital Corporation stock news, official press releases, company announcements, and an archive of historical Western Digital Corporation news. ...more
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An earnings triple play is a stock that reports quarterly earnings results and 1) beats analyst EPS estimates, 2) beats analyst sales estimates, and 3) raises forward guidance. Based on history, a stock that reports an earnings triple play has a good chance of seeing an upside share-price reaction. The average one-day share price change for the 19 triple plays so far this season has been a decline of 2.3%, and only four of 19 have traded higher.
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An earnings triple play is a stock that reports quarterly earnings results and 1) beats analyst EPS estimates, 2) beats analyst sales estimates, and 3) raises forward guidance. Based on history, a stock that reports an earnings triple play has a good chance of seeing an upside share-price reaction. The average one-day share price change for the 19 triple plays so far this season has been a decline of 2.3%, and only four of 19 have traded higher.
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A Bank of America note arguing that memory customers are now locking in supply for years at a time is lifting chip and storage stocks together, and the group is beating the S&P 500 by a wide margin.
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WDC's strong fiscal Q1 results, AI-driven storage demand and rising earnings estimates fuel its growth outlook, but valuation and execution risks persist.
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WDC's strong fiscal Q1 results, AI-driven storage demand and rising earnings estimates fuel its growth outlook, but valuation and execution risks persist.
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Western Digital faces mounting concerns over cycle risks as AI-driven optimism stalls and pricing leverage growth wanes. Despite a strong fiscal Q1 and robust margin guidance, the market is increasingly focused on potential ASP growth slowdowns and headwinds from long-term agreements. The upcoming second-generation HAMR technology remains on track, but volume growth must accelerate to offset normalizing revenue as pricing momentum fades.
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Axxcess Wealth Management LLC increased its stake in Western Digital Corporation (NASDAQ: WDC) by 947.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,613 shares of the data storage provider's stock after purchasing an additional 3,268 shares during the quarter.
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Memory and data storage stocks are shaking off some of their blues.
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Western Digital (WDC) reported fiscal first-quarter non-GAAP EPS of $4.64, above the analysts' consensus of $4.11, on revenue of $4.38 billion, up 55% from a ye
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WDC's fiscal Q1 earnings and revenue beat estimates, fueled by strong cloud demand and pricing gains, as higher-capacity drives and new technology transitions drive growth.
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Western Digital WDC reported strong fiscal first-quarter results and issued an upbeat outlook as demand for hard disk drives (HDDs) continued to benefit from artificial intelligence infrastructure spending. However, concerns about rising capital expenditure, potential increases in industry supply, and the sustainability of demand prompted mixed reactions from Wall Street analysts.
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Western Digital Corp (NASDAQ:WDC)Â expects revenue to rise 66% to 72% year on year in its fiscal second quarter after first-quarter sales climbed 55% to $4.38 billion. The company forecast second-quarter revenue of $5.1 billion, plus or minus $100 million, as demand for data storage continued to strengthen.
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Western Digital Corp. (NASDAQ:WDC) on Thursday posted better-than-expected first-quarter fiscal 2027 results.
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Stock futures are pointing lower after yesterday's tech sell-off; cell tower stocks are surging after a report that SpaceX aims to secure thousands of cell sites; American Express raised its profit forecast; Western Digital's earnings are failing to lift the stock; and Deckers Outdoor shares are falling after an earnings miss. Here's what you need to know today.
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