Rosenblatt Maintains Neutral on Western Digital, Raises Price Target to $80
Rosenblatt analyst Kevin Cassidy maintains Western Digital (NASDAQ:WDC) with a Neutral and raises the price target from $70 to $80.
Recap: Western Digital Q4 Earnings
Shares of Western Digital (NASDAQ:WDC) fell in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 75.61% year over year to $2.16, which beat the estimate of $1.49.
Western Digital Sees Q1 Adj. EPS $2.25-$2.55 vs $2.00 Est., Sales $4.9B-$5.1B vs $4.89B Est.
Expecting fiscal first quarter 2022 revenue to be in the range of $4.90 billion to $5.10 billion with non-GAAP EPS in the range of $2.25 to $2.55.
Western Digital Q4 Adj. EPS $2.16 Beats $1.49 Estimate, Sales $4.90B Beat $4.53B Estimate
Western Digital (NASDAQ:WDC) reported quarterly earnings of $2.16 per share which beat the analyst consensus estimate of $1.49 by 44.97 percent. This is a 75.61 percent increase over earnings of $1.23 per share from the
Unusual Options Activity Insight: Western Digital
Western Digital (NASDAQ:WDC) shares experienced unusual options activity on Wednesday. The stock price moved down to $65.5 following the option alert.
Earnings Scheduled For August 4, 2021
Companies Reporting Before The Bell
• UroGen Pharma (NASDAQ:URGN) is projected to report earnings for its second quarter.
Unusual Options Activity Insight: Western Digital
Shares of Western Digital (NASDAQ:WDC) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $63.23.
10 Information Technology Stocks With Unusual Options Alerts In Today’s Session
This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
‘External SSD demand for Sony PS5 to surge in 2H21’ -Digitimes
"Sony will soon reveals a list of compatible PS5 SSDs, which will be driving growth in the overall large-capacity SSD demand during the second half of 2021, according to industry sources.