In the second quarter of 2026, Class A shares of the Alger Spectra Fund outperformed the Russell 3000 Growth Index. Key contributors to this positive performance included Nebius Group N.V., Astera Labs, and Western Digital Corporation, while GFL Environmental, QXO, and IREN Limited were notable detractors. This performance highlights Alger's continued success in growth equity investing amid market changes and innovation. Investors may watch how these holdings evolve in upcoming quarters.
Western Digital reported strong Q4 2026 earnings and revenue, surpassing expectations. However, the stock dropped sharply after the results due to concerns over its high valuation and risks from technological changes, such as the rise of SSDs and new...
Western Digital (WDC) is still rated as a Sell despite showing operational strength and achieving a net cash-positive balance sheet for the first time recently. The company's valuation is considered stretched, trading at a high non-GAAP P/E of 66.17 ...
Analyst firm Robert W. Baird raised Western Digital's price target from $450 to $630, reflecting confidence in the company's growth driven by rising AI storage demand and strong financials. Western Digital reported a 44% revenue increase to $3.75 bil...
Western Digital (WDC) is rated a 'Sell' due to its high valuation that is not justified compared to its memory industry peers. Despite recent strong revenue growth and beating Q4 revenue and margin expectations, the company's gross margin expansion i...
Western Digital reported strong fiscal Q4 results with adjusted earnings of $3.56 per share on $3.75 billion revenue, surpassing Wall Street estimates. Revenue grew 44% year-over-year, and margins expanded, reflecting robust demand for data storage. ...
