|Bid||85.61 x 300|
|Ask||85.89 x 200|
|Day's range||85.38 - 87.07|
|52-week range||71.10 - 95.77|
|PE ratio (TTM)||17.86|
|Earnings date||25 Jan 2018|
|Forward dividend & yield||2.00 (2.38%)|
|1y target est||112.67|
Jan.08 -- Jim Strugger, MKM Holdings derivatives strategist, discusses earnings season, low-implied volatility and his options strategy for Western Digital and Morgan Stanley. He speaks with Bloomberg's Abigail Doolittle on "Bloomberg Markets.”
Paul Wick: Before I get into individual stocks, I’d like to give a quick industry overview. One of the things I come back to is that semiconductors are an inexpensive way to play a lot of the best secular trends in technology, including the cloud, the amount of compute power in the cloud, storage needed in cloud data centers, memory for virtualization, and higher-speed networks to reduce latency to the cloud.
Will the Market Force Be with Micron in Fiscal 2018? Micron Technology (MU) is a pure-play memory company that has always been given a low valuation because the cyclical nature of the memory market doesn’t encourage investors to hold it for the long term. Earlier, the memory market had ~13 suppliers.
Known for enabling new levels of enterprise total cost of ownership with HelioSeal® helium hard drive technology and industry leading capacity drives, Western Digital Corporation is expanding its portfolio for enterprise customers with a new, mid-range series of 4 terabyte , 6TB and 8TB air-based hard drives.
Micron Technology (MU) enjoyed the best growth among all US-based semiconductor companies in 2017. For fiscal 2Q18, Micron expects its revenues to increase 3.0% sequentially and 51.0% YoY (year-over-year) to $7.0 billion at the midpoint. Fiscal 2Q is a seasonally low quarter for Micron as holiday season sales end.
Western Digital Corporation today introduced two new ultra-transportable solutions in its high-powered G-Technology® G-SPEED® Shuttle product family. The new solutions are designed to meet the demands of professional content creators who need lightning-fast transfer speed and a high-capacity storage solution that can easily be moved from the studio to wherever your project takes you, and back.
US-based (SPY) storage technology firm Seagate (STX) has generated returns of 33% in the trailing 12-month period, 21.1% in the last one month, and 15% in the trailing five-day period. At the end of January 11, 2018, Seagate closed trading at $49.01, which is 60% above its 52-week low of $30.6 and 3.8% below its 52-week high of $50.96. Of the 28 analysts tracking Seagate, three gave the stock a “buy” recommendation, and 19 analysts recommended a “hold.” Six analysts recommended a “sell” on the stock.
A few days back, BMO Capital Markets analyst Tim Long downgraded the rating on Western Digital (WDC) stock to “market perform” from “outperform.” Long expects WDC stock to be range-bound in the short term and lowered the 12-month price target on the stock to $85 from $120. Although Long believes the fundamentals of WDC stock to be solid, a flash storage demand-supply balance is expected to limit the potential improvement in profit margins and revenue growth for the firm. Long stated, “Given the cyclical nature of the memory industry, we believe valuation will remain depressed on the expected slower growth and lower gross margins.” BMO Capital has projected a 7% YoY decline for HDD (hard disk drive) shipments in 2019.
Zacks.com featured highlights include: Western Digital, Citizens Financial, First Bancorp and Ford Motor
Investment in stocks made on diligent value analysis is usually considered one of the best practices. In value investing, investors pick stocks that are cheap but fundamentally sound.
Western Digital Corp. today announced that the company plans to release its financial results for the second fiscal quarter ended Dec. 29, 2017 after the close of the market on Thursday, January 25, 2018.
At today’s Consumer Electronics Show 2018 , Western Digital unveiled new and breakthrough consumer solutions that address today’s personal content explosion, including voice-activated media streaming via popular Smart Home devices, the world’s smallest 1TB USB flash drive and a portfolio of ultra-mobile, high-performance, wireless and high-capacity flash storage products.
Zacks.com featured highlights include: Western Digital, Hecla Mining, Sphere 3D, Actinium Pharmaceuticals and Southern National Bancorp