Western Digital Stock Today
| WDC Stock | USD 71.50 1.52 2.08% |
Performance7 of 100
| Odds Of DistressLess than 23
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Western Digital is trading at 71.50 as of the 28th of November 2024, a 2.08% down since the beginning of the trading day. The stock's open price was 73.02. Western Digital has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Western Digital are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 2nd of January 1987 | Category Technology | Classification Information Technology |
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California. The company has 345.71 M outstanding shares of which 16.25 M shares are at this time shorted by investors with about 3.29 days to cover. More on Western Digital
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Western Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President | Michael Ray | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 4 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Iconic Labs Plc, Western Digital Corporation] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Technology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, SP 500 Index, NASDAQ Composite, IT, Computers, ISP, Tech Growth, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology, Cloud Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsWestern Digital can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Western Digital's financial leverage. It provides some insight into what part of Western Digital's total assets is financed by creditors.
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Western Digital (WDC) is traded on NASDAQ Exchange in USA. It is located in 5601 Great Oaks Parkway, San Jose, CA, United States, 95119 and employs 51,000 people. Western Digital is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 25.24 B. Western Digital runs under Technology Hardware, Storage & Peripherals sector within Information Technology industry. The entity has 345.71 M outstanding shares of which 16.25 M shares are at this time shorted by investors with about 3.29 days to cover.
Western Digital has about 2.05 B in cash with (294 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.45.
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Ownership AllocationWestern Digital retains a total of 345.71 Million outstanding shares. The majority of Western Digital outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Western Digital to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Western Digital. Please pay attention to any change in the institutional holdings of Western Digital as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Western Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Barclays Plc | 2024-06-30 | 6.3 M | |
| Norges Bank | 2024-06-30 | 5.9 M | |
| Ameriprise Financial Inc | 2024-06-30 | 5.5 M | |
| Millennium Management Llc | 2024-06-30 | 5 M | |
| Alliancebernstein L.p. | 2024-06-30 | 4.3 M | |
| Nuveen Asset Management, Llc | 2024-06-30 | 3.7 M | |
| Ubs Asset Mgmt Americas Inc | 2024-09-30 | 3.7 M | |
| Two Sigma Advisers, Llc | 2024-06-30 | 3.7 M | |
| Amvescap Plc. | 2024-06-30 | 3.3 M | |
| Vanguard Group Inc | 2024-09-30 | 41 M | |
| Blackrock Inc | 2024-06-30 | 28.1 M |
Western Digital Historical Income Statement
Western Stock Against Markets
Western Digital Corporate Management
| David Goeckeler | CEO Director | Profile | |
| Gene Zamiska | Senior Officer | Profile | |
| David Tang | Senior Marketing | Profile | |
| Robert Soderbery | Executive Business | Profile |
Already Invested in Western Digital?
The danger of trading Western Digital is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Western Digital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Western Digital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Digital is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Digital. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share 0.91 | Revenue Per Share 43.315 | Quarterly Revenue Growth (0.41) | Return On Assets 0.0404 |
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Digital's market value can be influenced by many factors that don't directly affect Western Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.