Park Avenue Securities LLC and
Los Angeles Capital Management LLC have made new purchases in
Western Digital Co., while
Romano Brothers AND Company,
Artemis Investment Management LLP and
B. Riley Wealth Advisors Inc. have decreased their holdings in the company. The company's stock underperformed on particular days against its competition, despite meeting or surpassing
quarterly revenue expectations and boasting a strong earnings growth.
StockNews.com downgraded the company’s prospects to 'Sell.' The company's stock price outlook remains a debatable issue as
Investor focus intensifies, with reason being mixed fiscal results from Q2 2024 and a failure of a deal with
Kioxia. On a positive note,
Goldman Sachs has highlighted Western Digital as a top pick in the hardware sector.
Q1 earnings were strong, outperforming other semiconductor firms. There is speculation on how HDD offerings will impact Q3 earnings. After some initial decline, resilience is seen in Western Digital's stock with a 113% return registered over the year. The firm’s legal chief is set to leave ahead of a company split, a likely repercussion of
Q3 earnings and Upbeat Q4 guidance. A plan to spin-off their flash memory business could be impactful. With an
analyst upgrade, the company reached a new 12-month high.
Western Digital Corp WDC News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 18:40:45 GMT -
Rating -2
- Innovation 0
- Information 2
- Rumor -6
