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Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, artificial intelligence-related workloads, data analysis, and other enterprise applications; and data storage platforms. In addition, it offers external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field backup of created content, as well as wireless streaming of high-definition movies, photos, music, documents to tablets, smartphones, and PCs. The company sells its products under the Western Digital, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
Market Dynamics | Delve into Western Digital's navigation of industry shifts, with analyst price targets ranging from $50 to $95, reflecting varied outlooks on its growth potential |
Tech Innovation Drive | Explore Western Digital's advancements in HAMR technology and innovative solutions for DRAM and HBM challenges, positioning it at the forefront of storage innovation |
Financial Resurgence | Analysts project significant improvements in Western Digital's financials post-spin-off, with ROE potentially exceeding 20% by 2027 |
HDD Giant's Evolution | Western Digital's strategic spin-off of its NAND business marks a pivotal shift, focusing on high-capacity HDDs amid growing AI and cloud storage demands |
Metrics to compare | WDC | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipWDCPeersSector | |
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P/E Ratio | 19.4x | −0.5x | 11.4x | |
PEG Ratio | 0.10 | 0.03 | 0.01 | |
Price / Book | 4.0x | 0.0x | 2.4x | |
Price / LTM Sales | 1.3x | 1.8x | 2.1x | |
Upside (Analyst Target) | 1.4% | 14.9% | 23.6% | |
Fair Value Upside | Unlock | 1.2% | 7.8% | Unlock |