WDC

Western Digital Corp.

TMT


Presented:01/29/2024
Price:$59.75
Cap:$19.37B
Current Price:$66.95
Cap:$23.14B

Presented

Date01/29/2024
Price$59.75
Market Cap$19.37B
Ent Value$23.81B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S324.24M
Ave Daily Vol6,638,412
Short Int5.39%

Current

Price$66.95
Market Cap$23.14B
Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

Publicly traded companies mentioned herein: Western Digital Corp (WDC)

Highlights

The presenter is long Western Digital Corp (WDC), seeing a good setup for CY24 as the company benefits from lower capex spend and rising prices from capacity limitation in the industry. Additionally, he is optimistic about a cyclical recovery in the hard drive (HD) segment and sees a path to potentially $15 per share in FY25, which should create meaningful upside in the stock. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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