Latest news with #data storage
Forbes
2 days ago
- Business
- Forbes
Why Data Storage Is The Key To Smarter AI
| Aug 12, 2025, 10:41AM EDT Charles Giancarlo, Chairman And CEO of Pure Storage, joined "Forbes Talks" discuss the future of data storage, sustainability in tech, and the importance of data in the AI development race.
Yahoo
04-08-2025
- Business
- Yahoo
Mizuho Raises Price Target for Western Digital (WDC), Keeps Outperform Rating
Western Digital Corporation (NASDAQ:WDC) is one of the 12 Best Performing AI Stocks So Far in 2025. On July 31, Mizuho increased its price target for Western Digital Corporation (NASDAQ:WDC) from $75 to $87 while keeping an Outperform rating. This decision came after the company's strong results for the June quarter, with the company reporting $2.61 billion in revenue. Western Digital Corporation (NASDAQ:WDC) also provided guidance for the September quarter, forecasting revenue of $2.70 billion and EPS of $1.54, surpassing consensus estimates of $2.55 billion in revenue and $1.42 in EPS. A data center filled with racks of hard disk drives and solid state drives. Western Digital Corporation (NASDAQ:WDC) reported that its Nearline hard disk drive shipments reached 170 exabytes for the June quarter, a 17% increase compared to the previous quarter, with cloud customers making up 90% of revenues. According to estimates by Mizuho, average selling prices rose by 7% compared to the previous quarter and are expected to remain strong. Additionally, Western Digital Corporation (NASDAQ:WDC) reported strong purchase orders and long-term agreements with its five biggest cloud service provider customers through fiscal year 2026. Two of these five agreements extend into the first half of fiscal 2027. The company's margins were described as strong, with AI helping to shift the product mix towards higher-capacity drives. Western Digital Corporation (NASDAQ:WDC) is a global provider of data storage solutions. The company is committed to serving the world's hyperscalers, enterprises, and cloud providers to support the next generation of AI-driven data workloads. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing Stocks in the Last 6 Months and 12 Most Owned Stocks by Hedge Funds So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
Western Digital Corporation (WDC) Releases Fourth-Quarter and Full-Year 2025 Results
With impressive year-to-date performance and significant hedge fund interest, Western Digital Corporation (NASDAQ:WDC) secures a spot on our list of the . Photo by Possessed Photography on Unsplash On July 30, 2025, Western Digital Corporation (NASDAQ:WDC) released its fourth-quarter and full-year 2025 results. The company's Q4 revenue increased 30% YoY to $2.61 billion. Meanwhile, full-year revenue increased 51%, reaching $9.52 billion. Meanwhile, Western Digital Corporation (NASDAQ:WDC) reported GAAP EPS of $0.67 and non-GAAP EPS of $1.66, generating operating cash flow and free cash flow of $746 million and $675 million, respectively, during the quarter. The company reported strong financial health at the end of the quarter. Leveraging its strong financial position, Western Digital Corporation (NASDAQ:WDC) reduced its debt by $2.6 billion and launched a $2 billion share buyback program. WDC also announced a $0.10 per share dividend. Looking ahead, the company expects a 22% growth YoY in its Q1 FY26 revenue, citing HDD demand and cloud momentum as key growth drivers. Western Digital Corporation (NASDAQ:WDC), headquartered in San Jose, offers data storage solutions, including HDDs, SSDs, and flash memory systems. It is included in our list of the unstoppable stocks. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None. Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Western Digital beats quarterly revenue estimates on strong data storage demand
(Reuters) -Western Digital beat expectations for fourth-quarter revenue on Wednesday, benefiting from strong orders for its data storage products as enterprises adopt cloud computing, sending its shares up more than 4% in extended trading. Demand for Western Digital's storage devices has surged due to the widespread adoption of artificial intelligence, which makes use of data centers requiring infrastructure to hold large amounts of data for training. For the quarter ended June 27, the company reported revenue of $2.61 billion, beating estimates of $2.47 billion, according to data compiled by LSEG. Western Digital forecast first-quarter revenue of $2.70 billion on an adjusted basis, plus or minus $100 million. Analysts expect $2.54 billion. It forecast adjusted earnings per share of $1.54, plus or minus 15 cents, while analysts expect $1.38 per share. Sign in to access your portfolio
Forbes
29-07-2025
- Business
- Forbes
Will Q4 Results Move Western Digital Stock Higher?
CHONGQING, CHINA - JULY 28: In this photo illustration, a person holds a smartphone displaying the ... More logo of Western Digital Corporation (NASDAQ: WDC), a leading American data storage company known for manufacturing hard drives, solid-state drives, and NAND flash memory, with the company's multicolored logo visible in the background, on July 28, 2025 in Chongqing, China. (Photo illustration by) Western Digital (NASDAQ: WDC is scheduled to announce its fiscal fourth-quarter earnings on Wednesday, July 30, 2025. Analysts expect adjusted earnings of $1.48 per share on $2.47 billion in revenue, indicating a year-over-year increase of 3% in earnings and a 34% drop in revenue, compared to $1.44 per share and $3.76 billion, respectively, reported in the same quarter of the previous year. Importantly, this will be the company's second earnings announcement following the successful completion of its planned separation from SanDisk, a strategic decision that allows Western Digital to concentrate exclusively on its core hard disk drive (HDD) business. Historically, Western Digital's stock has decreased after earnings announcements 53% of the time, with a median one-day loss of 3.1% and a maximum post-earnings decline of 10%. The company currently has a market capitalization of $24 billion. Its revenue over the last twelve months was $19 billion, and it was operationally profitable, generating $2.5 billion in operating profits and a net income of $1.7 billion. For event-driven traders, historical performance patterns and the gap between actual earnings results and market expectations can provide valuable insights prior to the upcoming announcement. Traders might choose between two main strategies: positioning themselves ahead of the earnings release by utilizing historical probabilities and consensus forecasts, or reacting after the announcement by assessing how short- and medium-term returns generally align with the reported results. If you are looking for upside with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and achieved returns exceeding 91% since its inception. See earnings reaction history of all stocks. Western Digital's Historical Chances of Positive Post-Earnings Return Some insights on one-day (1D) post-earnings returns: Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized together with the statistics in the table below. WDC 1D, 5D, and 21D Post Earnings Return Correlation Between 1D, 5D, and 21D Historical Returns A relatively less risky strategy (though not effective if the correlation is low) is to comprehend the correlation between short-term and medium-term returns following earnings, identify a pair with the highest correlation, and make the appropriate trade. For instance, if 1D and 5D indicate the highest correlation, a trader can position themselves "long" for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on the 5-year and 3-year (more recent) history. Note that the correlation 1D_5D refers to the relationship between 1D post-earnings returns and subsequent 5D returns. WDC Correlation Between 1D, 5D, and 21D Historical Returns Learn more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all 3, the S&P 500, S&P mid-cap, and Russell 2000), generating strong returns for investors.
