What's Going on With Western Digital Stock on Wednesday?
Western Digital Corporation (NASDAQ: WDC) filed a Form 8-K on Wednesday disclosing exchange agreements for $191 million in convertible senior notes.
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Western Digital Q4 Adj. EPS $3.56 Beats $3.29 Estimate, Sales $3.747B Beat $3.692B Estimate
Western Digital (NASDAQ:WDC) reported quarterly earnings of $3.56 per share which beat the analyst consensus estimate of $3.29 by 7.88 percent. This is a 114.46 percent increase over earnings of $1.66 per share from the
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8-K filing — WESTERN DIGITAL CORP (WDC)
Filed: 2026-08-26 AccNo: 0001193125-26-365796 Size: 162 KB Item 3.02: Unregistered Sales of Equity Securities Item 8.01: Other Events
Read original at edgarPrediction: This Memory Stock Will Soar 165% in 3 Years (Hint: It's not Micron or Sandisk)
Western Digital (WDC) has surged 465% over the past year and could climb another 165% in three years, driven by AI data center demand for storage. The company reported 36% revenue growth and 104% EPS growth in fiscal 2026, with guidance suggesting 45% revenue growth and 125% EPS growth in the current quarter. Management has sold out 2026 capacity and is negotiating long-term supply agreements through 2031, indicating sustained demand. At 17x earnings with consensus EPS expected to reach $44.83 by fiscal 2029, analysts believe the stock could reach $1,165.
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Read original at benzinga