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Western Digital Corp WDC reported on Wednesday upbeat fiscal third-quarter earnings.
Western Digital Corp WDC reported better-than-expected third-quarter financial results Wednesday.
Western Digital (WDC) is "in a good spot right now," according to Matthew Bryson. He cites its hard drive business and limited tariff exposure as signs that the "old tech" company has room to run with the next leg in A.I.
WDC's fiscal Q3 2025 performance is driven by a 38% year-over-year growth in cloud business amid geopolitical turmoil and a fluctuating macroeconomic backdrop.
Western Digital Corporation (NASDAQ:WDC ) Q3 2025 Earnings Conference Call April 30, 2025 8:30 AM ET Company Participants Ambrish Srivastava - VP and IR Irving Tan - CEO Don Bennett - Interim CFO Conference Call Participants Erik Woodring - Morgan Stanley Aaron Rakers - Wells Fargo Karl Ackerman - BNP Paribas C.J. Muse - Cantor Fitzgerald Wamsi Mohan - Bank of America Asiya Merchant - Citigroup Amit Daryanani - Evercore Thomas O'Malley - Barclays Steven Fox - Fox Advisors Mark Miller - Benchmark Company Harlan Sur - JPMorgan Ananda Baruah - Loop Capital Mehdi Hosseini - SIG Tim Arcuri - UBS Vijay Rakesh - Mizuho Operator Good afternoon, and thank you for standing by.
Western Digital (WDC) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $0.63 per share a year ago.
Western Digital Corp forecast fourth-quarter results above Wall Street estimates on Wednesday, betting on stable demand for its storage devices from cloud providers, sending shares up 7% in premarket trading.
Western Digital Corporation WDC will release earnings results for the third quarter, before the opening bell on Wednesday, April 30.
Rosenblatt analyst Kevin Cassidy relaunched coverage on Western Digital WDC, giving the stock a Buy and lowering the price target from $76 to $50 on Tuesday.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?