Western Digital Corp (WDC) is experiencing a fluctuating period, with a mixture of positive and negative recent events. The Czech National Bank and Rhumbline Advisers have notably increased their holdings in the company's stock, whilst others such as Mackenzie Financial Corp and USS Investment Management Ltd have sold their shares. Investment interest in the data storage company is certainly noticeable, particularly billionaire investors Paul Singer, Stanley Druckenmiller and Larry Robbins. The company has authorized a
$2.0 Billion Share Repurchase Program, potentially exhibiting their confidence in the stock. The share price target has been regularly adjusted, with city groups valuing it at $62. Yet, the company's future remains uncertain due to barriers to outperformance and stock value recently falling despite a market uptick. Despite this, earnings growth is predicted for 2025, revealed through their fiscal quarter financial results. Western Digital plans to announce their
second quarter fiscal 2025 financial results on January 29, 2025 and its third quarter on
April 30, 2025. Finally, the company has declared a company separation and secured a strategic investment from Cerabyte, showcasing its innovative methods.
Western Digital Corp WDC News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 18:03:49 GMT -
Rating 3
- Innovation -1
- Information 6
- Rumor -3
