Western Digital Corporation (NASDAQ:WDC) registered a 1.34% increase, still its new closing price is 133.50% up from the company’s 1 year high of 81.67.It posted 9.49% gains in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 15 buy or better ratings. The 35 stock analysts following this company have an average price target at $90.62, with individual PT in the $61.80-$122.00 range. The shares moved at $79.52, implying that brokerage firms see shares gaining about 80.69% in twelve months time.
Western Digital Corporation (WDC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 17.03% rise year to date. A CEO at Western Digital Corporation (WDC) offloaded shares in a transaction closed on Wednesday January 25, 2017. MILLIGAN STEPHEN D sold 68,419 shares in the company at $77.04 each and collected $5,271,000 in proceeds. MILLIGAN STEPHEN D now owns 99,601 shares in the company after this transaction. A President and COO in the company, CORDANO MICHAEL D, disclosed a transaction on Monday January 09, 2017 that ended up generating $418,000 from the sale of 5,896 shares at $70.9 per share.
Western Digital Corporation (NASDAQ:WDC) Upcoming Results on Tap
Western Digital Corporation will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $2.38 in that period. Sales during the quarter are predicted to arrive at $4.87 billion.
Earnings surprise history: Last quarter, the company posted approximately $4.89 billion in revenue and EPS of $2.30. The mean forecast was for $4.76 billion and $2.12 a share, respectively. One quarter earlier, revenue for the stock was at $4.71 billion, with earnings at $1.18/share.
Western Digital Corporation (WDC) Brokerage Update
Western Digital Corporation (WDC) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Sell by Goldman, according to news reported on Tuesday December 20, 2016.Another important research note was issued by BofA/Merrill on Thursday October 27, 2016.The firm upgraded WDC to Neutral from Underperform. Over the last six months and over the last three months, the shares of Western Digital Corporation (WDC), have changed 50.42% and 41.70%, respectively.
