When given time, Wall Street is a bona fide money machine. Since the start of 2020, the major stock indexes have navigated two bear markets, with the growth-stock-driven Nasdaq Composite taking the brunt of the pain. Last year, the index primarily responsible for pushing Wall Street to new heights in 2021 shed 33% of its value.
On Wednesday, Western Digital (NASDAQ:WDC), the well-known hard disk drive manufacturer, is reportedly contemplating a significant business restructuring under mounting pressure to divide its operations into two discrete entities. The proposed division would separate the company's traditional hard disk drives from its flash-based memory products, a sector it entered in 2016 following the $19 billion acquisition of SanDisk.
Teradata (TDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.