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 and EV/EBITDA of 47.75, which is significantly above peers like Sandisk and Dell. Although margins expanded recently to 54.4%, this growth is seen as unsustainable with slowing growth and margin gains, and limited pricing power. The market currently prices WDC as a long-term growth stock, but cyclical risks and normalization of capital expenditures pose threats to its current valuation and future performance.
Western Digital expects its fiscal second-quarter revenue to grow 66% to 72% year-on-year, following a 55% increase in first-quarter sales to $4.38 billion. The company anticipates adjusted gross margins of 60% to 61% and adjusted earnings per share ...
Memory stocks, including SanDisk, Western Digital, and Micron, are experiencing sharp declines, with SanDisk down 8%, Western Digital 7%, and Micron 6%. The selloff is driven by concerns over increased competition from Chinese memory makers and worri...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Jim Cramer highlighted SanDisk and Western Digital as risky stocks despite their strong year-to-date gains, warning that a slowdown in data center expansion could sharply reduce their profits. Both companies depend heavily on hyperscalers' spending o...
