Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories. It sells its data storage devices and solutions through its computer manufacturers, sales personnel, dealers, distributors, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
AI-Driven Growth | Delve into Western Digital's positioning to benefit from AI and machine learning trends, driving unprecedented demand for data storage and long-term growth potential |
Financial Outlook | Analysts project EPS between $4.57 and $6.38 for FY2025, with an average price target of $75.25, reflecting optimism about the company's core HDD business |
Strategic Shift | Explore Western Digital's focus on value delivery and free cash flow generation, prioritizing profitability over market share in the oligopolistic HDD industry |
HDD Market Revival | Western Digital capitalizes on surging demand for high-capacity storage, driven by cloud computing and AI applications, with projected 23% CAGR for Nearline Cloud storage |
Metrics to compare | WDC | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipWDCPeersSector | |
|---|---|---|---|---|
P/E Ratio | 24.2x | 26.1x | 12.3x | |
PEG Ratio | 0.13 | 0.78 | 0.01 | |
Price / Book | 13.4x | 2.7x | 2.4x | |
Price / LTM Sales | 8.9x | 3.5x | 2.3x | |
Upside (Analyst Target) | 15.4% | 9.8% | 24.6% | |
Fair Value Upside | Unlock | −5.7% | 4.8% | Unlock |