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SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced management participation in the following upcoming investor conferences: Event: Citi's 2024 Global TMT Conference Date: Wednesday, September 04, 2024 at 4:30 a.m. PT / 7:30 a.m. ET Event: Goldman Sachs Communacopia + Technology Conference Date: Tuesday, September 10, 2024 at 7:30 a.m. PT / 10:30 a.m. ET The management presentations will be available as live webcasts, accessible through Western Digital's Inves.
Recently, Zacks.com users have been paying close attention to Western Digital (WDC). This makes it worthwhile to examine what the stock has in store.
Western Digital (WDC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Western Digital has fallen sharply after posting strong Q4 results, largely sympathizing with Intel's declines. Western Digital itself, however, is experiencing a surge in memory orders and healthy pricing, which is leading to vastly expanded profitability. The company has good visibility into FY25, given its request to customers to provide a 52-week lead time on incoming orders.
Western Digital Corp (NASDAQ:WDC) stock is sliding today, down 9.5% at $60.70 at last glance, after the computer hardware name's fiscal fourth-quarter revenue miss and disappointing guidance.
Western Digital's (WDC) fiscal fourth-quarter performance is powered by steady momentum in the cloud segment, along with healthy growth in both the client and consumer segments.
Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript
Although the revenue and EPS for Western Digital (WDC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Western Digital (WDC) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to loss of $1.98 per share a year ago.
Western Digital Corp forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling a slower-than-expected recovery in the company's data storage products.