Media stories about Western Digital Corporation (NASDAQ:WDC) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Digital Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the data storage provider an impact score of 45.2236016391838 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern’s analysis:
- Artemis Investment Management LLP Buys Western Digital Corp, Verizon Communications Inc, Facebook Inc, Sells … - GuruFocus.com (gurufocus.com)
- Dividend Stock With Analysts Upside: Western Digital Corporation (NASDAQ:WDC) (bulhufas.com)
- Western Digital Corporation (NASDAQ:WDC) Files An 8-K Regulation FD Disclosure (footballhebdo.com)
- Western Digital Corporation (WDC) — Recommendation Trends Analysis (lazeresportes.com)
- Western Digital Corporation (WDC) Position Increased by Louisiana State Employees Retirement System (campdesrecrues.com)
Several equities research analysts recently issued reports on the stock. Summit Redstone reissued a “buy” rating on shares of Western Digital Corporation in a research report on Saturday, July 22nd. Loop Capital assumed coverage on shares of Western Digital Corporation in a research report on Monday, July 24th. They issued a “buy” rating and a $140.00 target price on the stock. BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of Western Digital Corporation in a research report on Friday, July 14th. Mizuho reissued a “buy” rating and issued a $105.00 target price on shares of Western Digital Corporation in a research report on Monday, July 17th. Finally, Vetr cut shares of Western Digital Corporation from a “strong-buy” rating to a “buy” rating and set a $102.77 target price on the stock. in a research report on Wednesday, July 12th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $104.93.
Western Digital Corporation (NASDAQ WDC) opened at 80.99 on Thursday. The firm has a market cap of $23.65 billion, a P/E ratio of 60.44 and a beta of 1.22. Western Digital Corporation has a one year low of $43.09 and a one year high of $95.77. The stock has a 50 day moving average price of $90.18 and a 200-day moving average price of $84.09. Western Digital Corporation also saw unusually large options trading on Monday. Stock traders bought 6,330 call options on the company. This is an increase of approximately 292% compared to the average volume of 1,613 call options.
Western Digital Corporation (NASDAQ:WDC) last released its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 EPS for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.42. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.82 billion. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. Western Digital Corporation’s revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts predict that Western Digital Corporation will post $12.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, September 28th. Western Digital Corporation’s dividend payout ratio is currently 156.25%.
In related news, EVP Jacqueline Demaria sold 14,358 shares of Western Digital Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $84.53, for a total value of $1,213,681.74. Following the sale, the executive vice president now owns 75,772 shares of the company’s stock, valued at approximately $6,405,007.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Srinivasan Sivaram sold 16,049 shares of Western Digital Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $85.06, for a total value of $1,365,127.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,966 shares of company stock worth $11,263,675. 0.46% of the stock is currently owned by insiders.
WARNING: “Western Digital Corporation (NASDAQ:WDC) Getting Somewhat Positive News Coverage, Report Finds” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://stocknewstimes.com/2017/08/10/western-digital-corporation-nasdaqwdc-getting-somewhat-positive-news-coverage-report-finds.html.
About Western Digital Corporation
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).
Receive News & Ratings for Western Digital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
