Western Digital Corporation (WDC) Report Analysis
Corporate Events
Western Digital Corporation Presents at 12th Annual Global IT Executive Summit, Jun-23-2022 01:30 PM
2022-06-16 14:20:00
Western Digital Corporation Presents at 12th Annual Global IT Executive Summit, Jun-23-2022 01:30 PM. Venue: InterContinental Hotel, 901 Bayfront Ct, San Diego, California, United States. Speakers: Carl Che.
FUJIFILM Recording Media U.S.A., Inc., 12th Annual Global IT Executive Summit, Jun 22, 2022 through Jun 25, 2022
2022-06-16 12:00:00
FUJIFILM Recording Media U.S.A., Inc., 12th Annual Global IT Executive Summit, Jun 22, 2022 through Jun 25, 2022. Venue: InterContinental Hotel, 901 Bayfront Ct, San Diego, California, United States. The Summit is an exclusive, invitation only event, bringing together industry experts, analysts, vendors and end users to discuss trends and best practices for data management and storage, as well as how technologies fit together to meet the challenge of exponential data growth in the zettabyte age.
Western Digital Corporation Provides Information to Shareholders
2022-06-08 12:01:00
On June 8, 2022, Western Digital Corporation announced it that has come to an agreement with Elliot Management, to consider splitting off its flash memory and hard disk drive units. In addition, the Company stated that it would explore different strategic moves such as dividing the company into separate businesses focused on PC hard drives and flash memory storage devices.
Western Digital Reviews Strategic Alternatives after Elliott's Push to Split
2022-06-08 02:07:00
On June 8, 2022, Western Digital Corp said it is reviewing strategic alternatives, including options for separating its Flash and HDD franchises. This announcement came after activist investor Elliott last month disclosed it held a stake of nearly $1 billion in Western Digital and pushed the memory storage devices maker to conduct a strategic review and split off its flash-memory business.
Western Digital Reviews Strategic Alternatives, Including Options for Separating Its Flash and HDD Franchises
2022-06-07 00:00:00
Western Digital Corporation (NasdaqGS:WDC) said on June 7, 2022 it is reviewing strategic alternatives, including options for separating its Flash and HDD franchises. The announcement comes after activist investor Elliott last month disclosed it held a stake of nearly $1 billion in Western Digital and pushed the memory storage devices maker to conduct a strategic review and split off its flash-memory business.
Western Digital Corporation has closed its Shelf Registration dated July 31, 2013 in the amount of $130.18 million.
2022-05-20 00:00:00
Western Digital Corporation has closed its Shelf Registration dated July 31, 2013 in the amount of $130.18 million. Security Name: Common Stock Securities Offered: 2,000,000 Transaction Features: ESOP Related Offering
Western Digital Corporation has closed its Shelf Registration dated November 25, 2020 in the amount of $68.76 million.
2022-05-20 00:00:00
Western Digital Corporation has closed its Shelf Registration dated November 25, 2020 in the amount of $68.76 million. Security Name: Common Stock Securities Offered: 1,500,000 Transaction Features: ESOP Related Offering
Western Digital Unleashes New Era of Growth for Cloud Market With World’s First 22TB CMR and 26TB UltraSMR HDDs
2022-05-09 16:00:00
Western Digital announced that it is sampling its new 22TB¹ and 26TB UltraSMR HDDs to select hyperscale cloud customers, further expanding its areal density leadership and delivering customer value by driving TCO lower. Western Digital’s HDD technology portfolio and areal density leadership puts it at the center of storage innovation. Leveraging its unique OptiNAND™ technology, energy-assisted PMR (ePMR), triple-stage actuator, HelioSeal® and now UltraSMR technologies, Western Digital is on a clear path to delivering 30+ TB with ePMR. The new ePMR drives leverage Western Digital’s OptiNAND technology to unlock unprecedented levels of capacity, performance and data resiliency. The 22TB CMR HDD incorporates OptiNAND to deliver areal-density leadership on a mature 2.2TB/platter HelioSeal platform with ten disks. Combining OptiNAND with proprietary firmware that leverages HDD system-level hardware advancements, Western Digital’s new UltraSMR technology introduces large block encoding along with an advanced error correction algorithm that increases tracks-per-inch (TPI) to enable higher capacity. The result is Western Digital's new 26TB Ultrastar® DC HC670 UltraSMR HDD that delivers 2.6TB per platter, offering 18% more capacity for cloud customers optimizing their stacks to take advantage of the benefits of SMR. With cloud service providers increasingly adding SMR to their datacenter roadmaps, the 26TB capacity serves as a tipping point to accelerate adoption. Uniquely capable with OptiNAND, the HDDs also include the ArmorCache™ write cache data safety feature, which gives customers the performance of write cache enable (WCE) combined with the data protection of write cache disable (WCD) for added data protection or resiliency in case of an emergency power off (EPO). For the first time in HDD history, this Write Cache Data Safety feature gives users both performance and data protection, no matter which mode is selected. OptiNAND gives the drives a significant performance increase also in WCD mode, which is greatest in random writes with larger block transfers. At common HDD application transfer lengths of 256KB or greater, IOPS and throughput improve by more than 40% relative to a non-OptiNAND drives, with a peak improvement of over 80% at 1MB transfer length. 22TB CMR and 26TB UltraSMR HDD Availability: The 22TB Ultrastar DC HC570 HDD and the new 26TB Ultrastar DC HC670 UltraSMR HDD are now sampling to select hyperscale customers. The DC HC570 HDD will begin volume shipments to the channel, and the UltraSMR HDD will begin shipping to select customers in the summer of 2022. The Ultrastar Data60and Data102JBODs will feature the new 22TB CMR Ultrastar HDDs this summer, delivering the industry’s highest storage density in a fully optimized platform for added durability and data reliability for software-defined storage. Extending OptiNAND innovations across its HDD portfolio, Western Digital will deliver 22TB WD Purple® Pro HDDs for smart video/surveillance, WD Red® Pro HDDs for NAS solutions, and WD Gold® HDDs for system integrators and resellers serving enterprises and SMBs. These drives will be available this summer.
The Goldman Sachs Group, Inc., Goldman Sachs Global Semiconductor Virtual Conference 2022, Jun 07, 2022
2022-05-06 21:00:00
The Goldman Sachs Group, Inc., Goldman Sachs Global Semiconductor Virtual Conference 2022, Jun 07, 2022.
Western Digital Corporation Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 09:20 AM
2022-05-06 21:00:00
Western Digital Corporation Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 09:20 AM. Venue: Westin Boston Seaport District, Boston, Massachusetts, United States.
Western Digital Corporation Presents at Goldman Sachs Global Semiconductor Virtual Conference 2022, Jun-07-2022 01:00 PM
2022-05-06 21:00:00
Western Digital Corporation Presents at Goldman Sachs Global Semiconductor Virtual Conference 2022, Jun-07-2022 01:00 PM.
Western Digital Corporation Presents at Bank of America 2022 Global Technology Conference, Jun-08-2022 10:15 AM
2022-05-06 21:00:00
Western Digital Corporation Presents at Bank of America 2022 Global Technology Conference, Jun-08-2022 10:15 AM. Venue: Ritz Carlton, San Francisco, California, United States.
Western Digital Corporation Presents at Stifel 2022 Cross Sector Insight Conference, Jun-07-2022 11:30 AM
2022-05-06 21:00:00
Western Digital Corporation Presents at Stifel 2022 Cross Sector Insight Conference, Jun-07-2022 11:30 AM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.
Western Digital Corporation - Shareholder/Analyst Call
2022-05-04 20:15:00
To introduce new products across its broad portfolio of storage solutions from cloud to enterprise to consumer
Elliott Investment Management L P Sends Letter to Western Digital Corporation
2022-05-03 12:43:00
On May 3, 2022, Elliott Investment Management L P sent a letter to Western Digital Corporation, requesting the Company to conduct a full strategic review of the value that could be created by separating its two businesses, hard disk drives and NAND flash memory. Elliott Investment Management L P stated that in addition to its public investment in the Company, it is also offering $1+ billion of incremental equity capital into the NAND flash memory business at an enterprise value of $17 to $20 billion, to be utilized either in a spin-off transaction or as equity financing in a sale or merger with a strategic partner.
Western Digital Corporation Provides Revenue Guidance for the Fourth Quarter 2022
2022-04-28 20:13:00
Western Digital Corporation provided revenue guidance for the fourth quarter 2022. for the quarter, the company expects revenue to be in the range of $4.50 billion to $4.70 billion.
Western Digital Corporation Presents at TechNet Cyber 2022, Apr-27-2022 01:45 PM
2022-04-26 13:17:00
Western Digital Corporation Presents at TechNet Cyber 2022, Apr-27-2022 01:45 PM. Venue: The Baltimore Convention Center, Balitmore, Maryland, United States. Speakers: Jason Strawderman, Senior Director of Sales Platforms and Federal.
Western Digital Corporation Presents at The Linley Spring Processor Conference, Apr-20-2022 03:00 PM
2022-04-15 13:06:00
Western Digital Corporation Presents at The Linley Spring Processor Conference, Apr-20-2022 03:00 PM. Venue: Hyatt Regency Hotel, Santa Clara, California, United States. Speakers: Zvonimir Bandic, Sr Director Next Generation Platform Technologies.
The Linley Group, Inc., the Linley Spring Processor Conference, Apr 20, 2022 through Apr 21, 2022
2022-04-15 12:00:00
The Linley Group, Inc., The Linley Spring Processor Conference, Apr 20, 2022 through Apr 21, 2022. Venue: Hyatt Regency Hotel, Santa Clara, California, United States.
The Linley Group, Inc., the Linley Spring Processor Conference, Apr 20, 2022 through Apr 21, 2022
2022-04-15 12:00:00
The Linley Group, Inc., The Linley Spring Processor Conference, Apr 20, 2022 through Apr 21, 2022. Venue: Hyatt Regency Hotel, Santa Clara, California, United States.
Kioxia and Western Digital Jointly Invest in New Flash Memory Manufacturing Facility in Yokkaichi Plant
2022-04-15 00:00:00
Kioxia Corporation and Western Digital Corp. have finalized a formal agreement to jointly invest in the first phase of the Fab7 (Y7) manufacturing facility at Kioxia’s Yokkaichi Plant in the Mie Prefecture of Japan. With construction of the first phase of Y7 completed, the joint-venture investment will enable initial production output beginning in the fall of this year. This marks another important milestone in the 20-year strategic joint-venture partnership between the two companies. This joint-venture investment adds a sixth flash memory manufacturing facility to the Yokkaichi Plant. The first phase of the Y7 facility will produce 3D flash memory including 112- and 162-layer and future nodes. Kioxia and Western Digital will continue to maximize synergies through joint development of 3D flash memory and joint investment in line with market trends to strengthen their respective competitiveness and extend their leadership in the memory space.
Western Digital Corporation to Report Q3, 2022 Results on Apr 28, 2022
2022-04-08 23:07:00
Western Digital Corporation announced that they will report Q3, 2022 results After-Market on Apr 28, 2022
Western Digital Corporation, Q3 2022 Earnings Call, Apr 28, 2022
2022-04-08 23:07:00
Western Digital Corporation, Q3 2022 Earnings Call, Apr 28, 2022
Samsung Electronics Co., Ltd. and Western Digital Sign A Memorandum of Understanding for A Unique Collaboration to Standardize and Drive Broad Adoption of Next-Generation Data Placement, Processing and Fabrics Storage Technologies
2022-03-30 00:00:00
Samsung Electronics Co., Ltd. and Western Digital announced that they have signed a memorandum of understanding (MOU) for a unique collaboration to standardize and drive broad adoption of next-generation data placement, processing and fabrics (D2PF) storage technologies. The companies will initially focus on aligning their efforts and creating a vigorous ecosystem for Zoned Storage solutions. These steps will enable the industry to focus on countless applications that ultimately create greater value for customers. This marks the first time that both Samsung and Western Digital have come together as technology leaders to create widespread alignment and stimulate awareness for important storage technologies. Focusing on enterprise and cloud applications, the partnership is expected to spur a range of collaborations around technology standardization and software development for D2PF technologies like Zoned Storage. With this collaboration, end-users can have confidence that these emerging storage technologies will have support from multiple device vendors as well as from vertically integrated hardware and software companies. The two companies have already kickstarted an initiative around Zoned Storage devices, including ZNS (Zoned Namespaces) SSDs and SMR (Shingled Magnetic Recording) HDDs. Through organizations such as SNIA (Storage Networking Industry Association) and the Linux Foundation, Samsung and Western Digital will define high-level models and frameworks for next-generation Zoned Storage technologies. With a commitment to enable open and scalable data center architectures, they have founded the Zoned Storage TWG (Technical Work Group), which was approved by SNIA in December 2021. The group is already defining and specifying common use cases for Zoned Storage devices, as well as host/device architecture and programming models. In addition, this collaboration is expected to serve as a starting point to expand zone-based (e.g. ZNS, SMR) device interfaces, as well as future-generation, high-capacity storage devices with enhanced data placement and processing technologies. At a later stage, these initiatives will be expanded to include other emerging D2PF technologies such as computational storage and storage fabrics including NVMe™ over Fabrics (NVMe-oF).
Western Digital Corporation - Analyst/Investor Day
2022-03-23 21:30:00
Western Digital Corporation - Analyst/Investor Day
Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022
2022-03-17 14:07:00
Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Francisco, California, United States.
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022
2022-03-02 19:15:00
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.
Tranche Update on Western Digital Corporation (NasdaqGS:WDC)'s Equity Buyback Plan announced on July 26, 2018.
2022-02-03 16:06:00
From October 2, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 7,600,000 shares, representing 2.57% for $503.81 million under the buyback announced on July 26, 2018.
Western Digital Corp. Appoints Wissam Jabre as Executive Vice President
2022-01-27 21:03:00
Western Digital Corp. announced that Wissam Jabre will assume the role of it’s Executive Vice President, effective the week of February 7, 2022. With over 20 years of experience in semiconductors and operations, Jabre was most recently Chief Financial Officer at Dialog Semiconductor. Jabre will report directly to Goeckeler and lead Western Digital’s global finance organization including finance, accounting, financial reporting, tax, treasury, internal audit and investor relations. Prior to joining Dialog Semiconductor in 2016, Jabre served as Corporate Vice President of Finance at Advanced Micro Devices. From 2004 to 2014, Jabre also held various finance positions during his 10-year tenure at Freescale Semiconductor, including Vice President and Chief Procurement Officer, Vice President of Global Pricing and Chief Financial Officer of the Networking & Multimedia Group.
Western Digital Corp. Announces Executive Changes
2022-01-27 21:03:00
Western Digital Corp. announced that Wissam Jabre will assume the role of it’s Chief Financial Officer effective the week of February 7, 2022. With over 20 years of experience in semiconductors and operations, Jabre was most recently Chief Financial Officer at Dialog Semiconductor. Jabre will report directly to Goeckeler and lead Western Digital’s global finance organization including finance, accounting, financial reporting, tax, treasury, internal audit and investor relations. Prior to joining Dialog Semiconductor in 2016, Jabre served as Corporate Vice President of Finance at Advanced Micro Devices. From 2004 to 2014, Jabre also held various finance positions during his 10-year tenure at Freescale Semiconductor, including Vice President and Chief Procurement Officer, Vice President of Global Pricing and Chief Financial Officer of the Networking & Multimedia Group. Current CFO, Robert Eulau, will remain with the company during an advisory period to ensure a seamless transition.
Western Digital Corporation Provides Earnings Guidance for the Third Quarter Ending April 1, 2022
2022-01-27 21:01:00
Western Digital Corporation provided earnings guidance for the third quarter ending April 1, 2022. For the period, the company expects revenue to be between $4.45 billion and $4.65 billion.
Western Digital Corporation Enters into Restatement Agreement with JPMorgan Chase Bank, N.A. to Amend Loan Agreement
2022-01-07 21:06:00
On January 7, 2022, Western Digital Corporation (Western Digital) entered into a restatement agreement among Western Digital, JPMorgan Chase Bank, N.A., as administrative agent (Agent), and the lenders party thereto. The Restatement Agreement amends and restates the Loan Agreement, dated as of April 29, 2016, as amended by Amendment No. 1, dated as of August 17, 2016, Amendment No. 2, dated as of September 22, 2016, Amendment No. 3, dated as of March 14, 2017, Amendment No. 4, dated as of March 23, 2017, Amendment No. 5, dated as of November 8, 2017, Amendment No. 6, dated as of November 29, 2017, Amendment No. 7, dated as of February 27, 2018, Amendment No. 8, dated as of May 15, 2018, Amendment No. 9, dated as of April 29, 2019 and Amendment No. 10, dated as of July 2, 2020 (as further amended, supplemented, amended and restated or otherwise modified from time to time including by the Restatement Agreement, the “Loan Agreement”) among Western Digital, the lenders party thereto from time to time and the Agent to provide for, among other things, the prepayment of all outstanding term A-1 loans using the gross cash proceeds of new unsecured term A-2 loans due 2027 in a principal amount of $3,000,000,000 (the “Term A-2 Loans”) and cash on hand, a replacement of the existing $2.25 billion revolving credit facility maturing in 2023 with a new unsecured 5-year $2.25 billion revolving credit facility maturing in 2027 and additional covenant flexibility and other modifications. The obligations under the Loan Agreement will be the senior unsecured obligations of Western Digital and will not benefit from any collateral or subsidiary guarantees. The Term A-2 Loans bear interest, at Western Digital’s option, at a per annum rate equal to either the Adjusted Term SOFR Rate plus an applicable margin varying from 1.125% to 2.000% or a base rate plus an applicable margin varying from 0.125% to 1.000%, in each case depending on the corporate family ratings of Western Digital from at least two of Standard & Poor’s Ratings Services, Moody’s Investors Service Inc. Fitch Inc., with an initial interest rate of Adjusted Term SOFR plus 1.375%. The Term A-2 Loans will amortize in equal quarterly installments of 0.625% per quarter during the first through the fourth full fiscal quarters following the date of the Restatement Agreement and 1.25% per quarter for the fifth through the nineteenth full fiscal quarters following the Restatement Effective Date, with the remaining balance payable on the date that is five years after the Restatement Effective Date. Loans under the 2027 Revolving Facility bear interest at a per annum rate, at Western Digital’s option, equal to either (x) the Adjusted Term SOFR Rate plus an applicable margin varying from 1.125% to 2.000% or a base rate plus an applicable margin varying from 0.125% to 1.000%, in each case depending on the corporate family ratings of Western Digital from at least two of S&P, Moody’s and Fitch, with an initial rate of Adjusted Term SOFR plus 1.375%. Western Digital will also pay an unused commitment fee on the 2027 Revolving Facility ranging from 0.120% to 0.350% based on the corporate family ratings of Western Digital from at least two of S&P, Moody’s and Fitch, with an initial unused commitment fee of 0.200%. The Term A-2 Loans and the 2027 Revolving Facility will be subject to a financial maintenance covenant requiring Western Digital to maintain a maximum total leverage ratio.
JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022
2021-12-21 09:47:00
JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022. Venue: Westin Boston Seaport District, Boston, Massachusetts, United States.
Western Digital Corporation has announced a Fixed-Income Offering.
2021-12-07 00:00:00
Western Digital Corporation has announced a Fixed-Income Offering. Security Name: Fixed Rate Senior Subordinated Unsecured Notes Due 2029 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Callable; Senior; Subordinated; Unsecured Coupon Type: Fixed
Western Digital Corporation has announced a Fixed-Income Offering.
2021-12-07 00:00:00
Western Digital Corporation has announced a Fixed-Income Offering. Security Name: Fixed Rate Senior Subordinated Unsecured Notes Due 2032 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Callable; Senior; Subordinated; Unsecured Coupon Type: Fixed
Western Digital Corporation has completed a Fixed-Income Offering in the amount of $499.08 million.
2021-12-07 00:00:00
Western Digital Corporation has completed a Fixed-Income Offering in the amount of $499.08 million. Security Name: 2.850% Senior Subordinated Unsecured Notes Due February 1, 2029 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $500 million Price\Range: 99.816% Discount Per Security: 0.625% Security Features: Callable; Senior; Subordinated; Unsecured Coupon Type: Fixed
Mizuho Securities USA LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
Mizuho Securities USA LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
RBC Capital Markets, LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
RBC Capital Markets, LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
Wells Fargo Securities, LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
Wells Fargo Securities, LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
SMBC Nikko Securities America, Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
SMBC Nikko Securities America, Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
HSBC Securities (USA) Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
HSBC Securities (USA) Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
Citigroup Global Markets Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
Citigroup Global Markets Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
Truist Securities, Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
Truist Securities, Inc. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
TD Securities (USA) LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
TD Securities (USA) LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
BNP Paribas Securities Corp. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
BNP Paribas Securities Corp. has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
PNC Capital Markets, LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
2021-12-07 00:00:00
PNC Capital Markets, LLC has been added as the Co-Lead Underwriter for Western Digital Corporation's $499.08 million Fixed-Income Offering.
Western Digital Corporation has completed a Fixed-Income Offering in the amount of $498.63 million.
2021-12-07 00:00:00
Western Digital Corporation has completed a Fixed-Income Offering in the amount of $498.63 million. Security Name: 3.100% Senior Subordinated Unsecured Notes Due February 1, 2032 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $500 million Price\Range: 99.726% Discount Per Security: 0.65% Security Features: Callable; Senior; Subordinated; Unsecured Coupon Type: Fixed
A2Z, Inc., TechNet Cyber 2022, Apr 26, 2022 through Apr 28, 2022
2021-12-06 23:29:00
A2Z, Inc., TechNet Cyber 2022, Apr 26, 2022 through Apr 28, 2022. Venue: The Baltimore Convention Center, Balitmore, Maryland, United States.
Western Digital Corporation Presents at The RISC-V Summit, Dec-06-2021 through Dec-08-2021
2021-11-30 17:26:00
Western Digital Corporation Presents at The RISC-V Summit, Dec-06-2021 through Dec-08-2021. Venue: San Francisco, California, United States. Presentation Date & Speakers: Dec-06-2021, Anup Patel, Technologist, Marjan Radi, Research Technologist Engineer, NVM Systems Architecture. Dec-07-2021, Atish Patra, Technologist. Dec-08-2021, Zvonimir Z. Bandic, Senior Director.
Western Digital Corporation Presents at Nasdaq 45th Investor Conference, Dec-01-2021 12:30 PM
2021-11-19 21:30:00
Western Digital Corporation Presents at Nasdaq 45th Investor Conference, Dec-01-2021 12:30 PM.
Western Digital Corporation Presents at Barclays Global TMT Conference 2021, Dec-07-2021 08:30 AM
2021-11-19 21:30:00
Western Digital Corporation Presents at Barclays Global TMT Conference 2021, Dec-07-2021 08:30 AM.
Western Digital Corporation has filed a Shelf Registration in the amount of $745.668 million.
2021-11-18 00:00:00
Western Digital Corporation has filed a Shelf Registration in the amount of $745.668 million. Security Name: Common Stock Securities Offered: 13,200,000 Transaction Features: ESOP Related Offering
Western Digital Corporation Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021
2021-11-16 16:47:00
Western Digital Corporation Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021 .
Western Digital Corporation Presents at UBS Global TMT Virtual Conference, Dec-06-2021 11:00 AM
2021-11-09 19:30:00
Western Digital Corporation Presents at UBS Global TMT Virtual Conference, Dec-06-2021 11:00 AM. Venue: New York, United States. Speakers: Bob Eulau, Chief Financial Officer, David V. Goeckeler, CEO & Director, Gabriel Ho, Director, Investor Relations, Peter Andrew, VP, Investor Relations.
Western Digital Corporation Presents at Linux Foundation Member Summit, Nov-03-2021 03:00 PM
2021-10-30 00:49:00
Western Digital Corporation Presents at Linux Foundation Member Summit, Nov-03-2021 03:00 PM. Venue: Silverado Resort in Napa Valley, California, United States. Speakers: Marjan Radi, R&D Technologist, Zvonimir Bandic, Senior Director.
Western Digital Corporation Provides Earnings Guidance for the Second Quarter of 2022
2021-10-28 20:08:00
Western Digital Corporation provided earnings guidance for the Second Quarter of 2022. For the period, the company's Revenue will be $4.70 - $4.90 billon.
Western Digital Talks to Merge with Kioxia Reportedly Stall
2021-10-21 22:55:00
Western Digital Corporation (NasdaqGS:WDC)’s talks to merge with Japanese chipmaker and partner Kioxia Holdings Corporation have stalled over the last few weeks, two people familiar with the matter told Reuters. The talks reached a standstill over concerns about the valuation, approval from the Japanese government and an ongoing strategic review at Kioxia shareholder Toshiba Corp, the sources said. Earlier in August, Reuters reported that Western Digital was in advanced talks for a possible $20 billion stock merger with Kioxia, in a move that would create a NAND memory giant to rival Samsung Electronics. Kioxia, sold by Toshiba Corp. in 2018 to a consortium led by Bain Capital, shelved plans for an initial public offering last year after U.S.-China trade tensions slammed Huawei, one of Kioxia’s biggest clients. The Japanese chipmaker has said it is still considering an IPO. The Wall Street Journal first reported the news earlier in the day.
The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021
2021-10-21 17:00:00
The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021.
Western Digital Corporation to Report Q1, 2022 Results on Oct 28, 2021
2021-10-08 22:00:00
Western Digital Corporation announced that they will report Q1, 2022 results After-Market on Oct 28, 2021
Western Digital Corporation, Q1 2022 Earnings Call, Oct 28, 2021
2021-10-08 22:00:00
Western Digital Corporation, Q1 2022 Earnings Call, Oct 28, 2021
Western Digital Corporation Presents at 5th Annual Virtual Wells Fargo TMT Summit, Nov-30-2021 10:40 AM
2021-10-07 17:42:00
Western Digital Corporation Presents at 5th Annual Virtual Wells Fargo TMT Summit, Nov-30-2021 10:40 AM. Speakers: Gabriel Ho, Director, Investor Relations.
Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021
2021-10-07 09:16:00
Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.
Western Digital Corporation - Shareholder/Analyst Call
2021-10-04 20:17:00
AGM
Western Digital Corporation, Annual General Meeting, Nov 16, 2021
2021-10-04 20:17:00
Western Digital Corporation, Annual General Meeting, Nov 16, 2021, at 08:00 Pacific Standard Time. Agenda: To consider election of the nine director nominees to serve until next annual meeting of stockholders and until their respective successors are duly elected and qualified; to approve on an advisory basis of the named executive officer compensation; to approve of 2021 Long-Term Incentive Plan; and to consider ratification of the appointment of KPMG LLP as independent registered public accounting firm for fiscal 2022.
Western Digital Corporation Presents at NASSCOM Design and Engineering Summit 2021, Oct-07-2021 02:25 PM
2021-10-04 19:17:00
Western Digital Corporation Presents at NASSCOM Design and Engineering Summit 2021, Oct-07-2021 02:25 PM. Speakers: Supria Dhanda, Country Manager, India and Vice President.
Nasdaq, Inc., Nasdaq 45th Investor Conference, Nov 30, 2021 through Dec 03, 2021
2021-09-28 18:02:00
Nasdaq, Inc., Nasdaq 45th Investor Conference, Nov 30, 2021 through Dec 03, 2021.
The Linux Foundation, Linux Foundation Member Summit, Nov 02, 2021 through Nov 04, 2021
2021-09-21 12:00:00
The Linux Foundation, Linux Foundation Member Summit, Nov 02, 2021 through Nov 04, 2021. Venue: Silverado Resort in Napa Valley, California, United States.
Western Digital Corporation Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 02:45 PM
2021-09-01 21:00:00
Western Digital Corporation Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 02:45 PM.
Western Digital Corporation Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 11:20 AM
2021-09-01 21:00:00
Western Digital Corporation Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 11:20 AM.
Western Digital Corp. Introduces a New Flash-Enhanced Drive Architecture Breaks Traditional Boundaries of Storage
2021-08-31 15:55:00
Western Digital Corp. introduced a new flash-enhanced drive architecture that breaks traditional boundaries of storage. Building on the company’s unique ability to innovate with HDD and flash, the new storage architecture with OptiNAND technology optimizes and integrates HDDs with iNAND embedded flash drives. This gives customers – like hyperscale cloud, CSPs, enterprises, smart video surveillance partners, NAS suppliers and more – a solution to meet the exponential growth in data creation by delivering the capacity, performance and reliability needed to store vast amounts of data and well into the future. Leveraging industry-first technologies including triple-stage actuator (TSA) and HelioSeal technology, the first products featuring the new drive architecture will deliver an unsurpassed 2.2TB per platter, extending capacity gains on proven ePMR technology. Setting a new industry milestone, Western Digital has shipped samples of new nine-disk, 20TB ePMR flash-enhanced drives with OptiNAND technology to select customers. New Flash-Enhanced Drive with OptiNAND Technology: Unlike a hybrid drive where flash is used to store user data, the new architecture is a breakthrough in storage that works differently, enabling advances on multiple dimensions of storage capability. By adding vertically integrated iNAND to its world-class HDDs, and with enhanced firmware algorithm and SoC innovations, Western Digital’s flash-enhanced drives with OptiNAND technology deliver improved capacity, performance and reliability to help customers meet growing storage demands. A technology brief can be found here. Highlights include: Capacity: The drive works smarter, with enhanced firmware algorithms taking advantage of expanded metadata that has been offloaded to the iNAND, enabling more tracks per inch (TPI) with resulting increased areal density. Performance: Drive latency is improved with proprietary optimizations to drive firmware focused on requiring fewer adjacent track interference (ATI) refreshes and reducing the need for write cache flushes in write cache-enabled mode. Reliability: Nearly 50x more customer data can be retained in the event of an emergency power off (EPO) scenario, and with Western Digital’s unique capabilities in vertically integrated supply, design, development, testing and qualification of flash-enhanced drives, customers can count on the drive’s reliability.
Tranche Update on Western Digital Corporation (NasdaqGS:WDC)'s Equity Buyback Plan announced on July 26, 2018.
2021-08-27 10:08:00
From April 3, 2021 to July 2, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 7,600,000 shares, representing 2.57% for $503.81 million under the buyback announced on July 26, 2018.
Western Digital Corporation has filed a Shelf Registration.
2021-08-27 00:00:00
Western Digital Corporation has filed a Shelf Registration. Security Name: Common Stock Security Name: Preferred Stock Security Name: Debt Securities Security Name: Warrants Transaction Features: Omnibus/Universal Shelf Registration
Western Digital Reportedly in Advanced Talks to Merge with Kioxia in $20 Billion-Plus Deal
2021-08-25 18:13:00
Western Digital Corporation (NasdaqGS:WDC) is in advanced talks to merge with Japan’s Kioxia Holdings Corporation, according to people familiar with the matter, in a deal that could be valued at more than $20 billion and further reorder the global chip industry. Long-running discussions between the companies have heated up in the past few weeks and they could reach agreement on a deal as early as mid-September, the people said. Western Digital would pay for the deal with stock and the combined company would likely be run by its Chief Executive, David Goeckeler, the people said. There’s no guarantee Western Digital, which had a market value of around $19 billion Wednesday afternoon, will seal an agreement, and Kioxia could still opt for an initial public offering it had been planning or another combination.
UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021
2021-08-25 17:29:00
UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021. Venue: New York, United States.
Western Digital Corporation Presents at 2021 BMO Virtual Technology Summit, Aug-24-2021
2021-08-21 01:06:00
Western Digital Corporation Presents at 2021 BMO Virtual Technology Summit, Aug-24-2021 .
Western Digital Corporation Presents at Nasdaq Virtual Investor Conference in Asia, Aug-10-2021 10:00 AM
2021-08-05 22:00:00
Western Digital Corporation Presents at Nasdaq Virtual Investor Conference in Asia, Aug-10-2021 10:00 AM.
The Linux Foundation, the RISC-V Summit, Dec 06, 2021 through Dec 08, 2021
2021-07-28 15:00:00
The Linux Foundation, The RISC-V Summit, Dec 06, 2021 through Dec 08, 2021. Venue: San Francisco, California, United States.
The Linux Foundation, the RISC-V Summit, Dec 06, 2021 through Dec 08, 2021
2021-07-28 15:00:00
The Linux Foundation, The RISC-V Summit, Dec 06, 2021 through Dec 08, 2021. Venue: San Francisco, California, United States.
Nasdaq, Inc., Nasdaq Virtual Investor Conference in Asia, Aug 10, 2021 through Aug 11, 2021
2021-07-20 03:18:00
Nasdaq, Inc., Nasdaq Virtual Investor Conference in Asia, Aug 10, 2021 through Aug 11, 2021.
BMO Capital Markets Corp., 2021 BMO Virtual Technology Summit, Aug 24, 2021 through Aug 25, 2021
2021-07-14 05:10:00
BMO Capital Markets Corp., 2021 BMO Virtual Technology Summit, Aug 24, 2021 through Aug 25, 2021.
Western Digital Corporation to Report Q4, 2021 Results on Aug 04, 2021
2021-07-13 22:41:00
Western Digital Corporation announced that they will report Q4, 2021 results After-Market on Aug 04, 2021
Western Digital Corporation, Q4 2021 Earnings Call, Aug 04, 2021
2021-07-13 22:41:00
Western Digital Corporation, Q4 2021 Earnings Call, Aug 04, 2021
Western Digital Corporation - Special Call
2021-07-09 13:00:00
To discuss how critical it is that these two technology solutions leverage each other in the underlying engineering, marketing, and customer access, even while determining the future of data infrastructure
Western Digital Corporation Announces Board Appointments
2021-07-08 12:45:00
Western Digital Corp. announced that Dr. Thomas (Tom) Caulfield and Miyuki Suzuki have been appointed to its board of directors effective July 6, 2021. Caulfield, currently CEO of GLOBALFOUNDRIES® and Suzuki, a Japanese-based, Fortune 100 business leader, bring semiconductor and global operating experience that complements Western Digital’s growth and innovation strategy. Currently serving as a director on the boards of MetLife Japan and Jera, Japan’s largest power generation company, Suzuki has over 35 years of leadership experience in the technology, telecommunications and airlines industries. With deep global operations expertise that spans across the Asia Pacific region, she most recently was president of Asia Pacific, Japan and China at Cisco. Prior to that, she also has held senior leadership roles at Jetstar Airways, LexisNexis, Japan Telecom and Thomson Reuters Corporation. Suzuki holds a master of arts degree in History from the University of Oxford.
National Association of Software and Service Companies, NASSCOM Design and Engineering Summit 2021, Oct 06, 2021 through Oct 07, 2021
2021-07-06 16:19:00
National Association of Software and Service Companies, NASSCOM Design and Engineering Summit 2021, Oct 06, 2021 through Oct 07, 2021.
Fundamental Summary
According to their recent financial report, which was published on 2022-05-04, Western had several impressive financial metrics that should make them more attractive than their peers going forward. Their growth and income factors indicate a well-executed and balanced strategy, which is generating exciting growth. There should be significant upside potential for the stock looking forward. We gave Western a 76 rating and a HOLD recommendation.
Western reported earnings results for the third quarter and nine months ended April 01, 2022. For the third quarter, the company reported sales was USD 4,381 million compared to USD 4,137 million a year ago. Net income was USD 25 million compared to USD 197 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.63 a year ago.For the nine months, sales was USD 14,265 million compared to USD 12,002 million a year ago. Net income was USD 1,199 million compared to USD 199 million a year ago. Basic earnings per share from continuing operations was USD 3.84 compared to USD 0.65 a year ago. Diluted earnings per share from continuing operations was USD 3.79 compared to USD 0.65 a year ago.
Business Description
Western 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 computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; 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; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as 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 back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western was founded in 1970 and is headquartered in San Jose, California.
Sector Overview
Western is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Western's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 16.6 | -9.0% | 71 | |
| Net Cashflow | -229.0 | 46.1% | 65 | |
| Capital Expenditure | -1,133.0 | -12.7% | 54 | |
| Asset Turnover | 0.8 | 2.2% | 70 | |
| Free Cashflow | 4.5 | 19.3% | 82 |
* All values are TTM
The below chart reflects Western's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Western's peer average final assessment score stands on 72.0, Western's score is 76.
- WDC
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Western's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Western's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.
5D MA
46.52
50D MA
54.52
200D MA
55.33
MACD
-2.92
RSI
8.85
STOCH
13.92
Balance Sheet Analysis
Western's recently published balance sheet conveys disappointing growth, particularly with respect to Equity and Liabilities metrics. Western published concerning equity metrics for this filing. In the current report, equity stood at 11984.0, which represents a -0.3% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. This performance is significantly less impressive than its peers and competitors. Therefore, their equity movement component earned a score of 55. Also, Western's liabilities stood at 13715.0 in the current filing, which represents a -2.1% change from the previous report. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 60. That said, one metric, Assets, stood out as strongly positive. The company's assets section could set high expectations for Western's future attractiveness, as they went to 25699.0, which is a -1.3% change from the last period. This performance is interesting in comparison to its peers and competitors. The company's asset component, therefore, received a grade of 77. Therefore, it received a cautionary score of 59.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 25,699.0 | -1.3% | 77 |
| Liabilities | 13,715.0 | -2.1% | 60 |
| Price to Book | 1.5 | -10.8% | 62 |
| Cash & Equivalents | 2,505.0 | -1.0% | 68 |
| Equity | 11,984.0 | -0.3% | 55 |
The below chart describes Western's performance as reflected on its balance sheet with respect to its peers. While Western received a balance sheet score of 59, the average of its peers stands on 71.0.
- WDC
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| Apple Inc. | 2.3T | 50 | 80 | 60 | 46 | 56 | 53 | 0 | 1 |
| Seagate Technology Holdings plc | 15.9B | 60 | 80 | 58 | 46 | 52 | 56 | 1 | 1 |
| NetApp, Inc. | 14.9B | 78 | 67 | 60 | 67 | 52 | 62 | 2 | 1 |
| Xerox Holdings Corporation | 2.5B | 67 | 77 | 60 | 58 | 56 | 62 | 3 | 1 |
| Super Micro Computer, Inc. | 2.2B | 89 | 62 | 93 | 70 | 90 | 93 | 4 | 1 |
| Corsair Gaming, Inc. | 1.4B | 50 | 72 | 64 | 38 | 63 | 52 | 5 | 1 |
| Stratasys Ltd. | 1.3B | 58 | 81 | 47 | 88 | 54 | 57 | 6 | 1 |
| Avid Technology, Inc. | 1.2B | 52 | 82 | 43 | 45 | 59 | 49 | 7 | 1 |
| Dell Technologies Inc. | 37.2B | 56 | 80 | 57 | 44 | 55 | 54 | 8 | 1 |
| HP Inc. | 36.5B | 71 | 73 | 97 | 91 | 92 | 95 | 9 | 1 |
| Hewlett Packard Enterprise Company | 18.4B | 52 | 78 | 73 | 46 | 67 | 63 | 10 | 1 |
| Pure Storage, Inc. | 8.0B | 42 | 82 | 62 | 66 | 57 | 55 | 11 | 1 |
| 3D Systems Corporation | 1.3B | 57 | 80 | 46 | 38 | 45 | 45 | 12 | 1 |
| IonQ, Inc. | 957.0M | 38 | 74 | 53 | 37 | 49 | 37 | 13 | 1 |
| Nano Dimension Ltd. | 834.0M | 96 | 85 | 59 | 48 | 60 | 82 | 14 | 1 |
| Canaan Inc. | 600.4M | 76 | 62 | 88 | 67 | 83 | 81 | 15 | 1 |
| CompoSecure, Inc. | 441.4M | 58 | 64 | 66 | 44 | 82 | 59 | 16 | 1 |
| Eastman Kodak Company | 419.9M | 67 | 70 | 55 | 53 | 66 | 58 | 17 | 1 |
| Coolpad Group Limited | 275.6M | 48 | 86 | 47 | 63 | 45 | 53 | 18 | 1 |
| Turtle Beach Corporation | 227.4M | 39 | 80 | 69 | 86 | 67 | 67 | 19 | 1 |
| Diebold Nixdorf, Incorporated | 190.3M | 65 | 83 | 43 | 40 | 56 | 54 | 20 | 1 |
Income Statement Analysis
Western seems to be balancing strong EBITDA and Revenue Efficiency along with an overall impressive positive income statement. Western's management was effective in improving its EBIDTA, which now sits at 3836.0 and represents a 12.3% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 83. Also, Western did an excellent job managing its revenue efficiency this past period. Western's revenue efficiency is 19185.0 according to the metrics in the current filing, which represents a 1.3% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. The company's revenue efficiency, therefore, received a grade of 80. However, one discouraging result, Return Factors, stood out. Western's reported return on equity (ROE) ratio was 16.6, representing a change of -9.0%. This metric might have a 3.1 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Therefore, their return factors component earned a score of 71. Consequently, the companie's income statement earned a rank of 82.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 3,836.0 | 12.3% | 83 |
| Total Revenues | 19,185.0 | 1.3% | 80 |
| Return on Equity | 16.6 | -9.0% | 71 |
The below chart describes Western's performance as reflected on its income statement with respect to its peers. While Western received a income statement score of 82 , the average of its peers stands on 71.0.
- WDC
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| Apple Inc. | 2.3T | 76 | 67 | 79 | 74 | 0 | 1 |
| Seagate Technology Holdings plc | 15.9B | 83 | 69 | 90 | 79 | 1 | 1 |
| NetApp, Inc. | 14.9B | 76 | 63 | 52 | 70 | 2 | 1 |
| Xerox Holdings Corporation | 2.5B | 88 | 46 | 45 | 69 | 3 | 1 |
| Super Micro Computer, Inc. | 2.2B | 43 | 95 | 95 | 69 | 4 | 1 |
| Corsair Gaming, Inc. | 1.4B | 97 | 41 | 39 | 71 | 5 | 1 |
| Stratasys Ltd. | 1.3B | 61 | 48 | 81 | 58 | 6 | 1 |
| Avid Technology, Inc. | 1.2B | 79 | 68 | 69 | 75 | 7 | 1 |
| Dell Technologies Inc. | 37.2B | 68 | 65 | 82 | 69 | 8 | 1 |
| HP Inc. | 36.5B | 81 | 61 | 64 | 73 | 9 | 1 |
| Hewlett Packard Enterprise Company | 18.4B | 85 | 56 | 61 | 73 | 10 | 1 |
| Pure Storage, Inc. | 8.0B | 46 | 97 | 96 | 71 | 11 | 1 |
| 3D Systems Corporation | 1.3B | 91 | 38 | 42 | 67 | 12 | 1 |
| IonQ, Inc. | 957.0M | 37 | 47 | 61 | 43 | 13 | 1 |
| Nano Dimension Ltd. | 834.0M | 37 | 46 | 73 | 45 | 14 | 1 |
| Canaan Inc. | 600.4M | 38 | 93 | 77 | 64 | 15 | 1 |
| CompoSecure, Inc. | 441.4M | 51 | 69 | 53 | 58 | 16 | 1 |
| Eastman Kodak Company | 419.9M | 75 | 61 | 49 | 68 | 17 | 1 |
| Coolpad Group Limited | 275.6M | 98 | 58 | 63 | 80 | 18 | 1 |
| Turtle Beach Corporation | 227.4M | 96 | 41 | 42 | 69 | 19 | 1 |
| Diebold Nixdorf, Incorporated | 190.3M | 92 | 42 | 73 | 72 | 20 | 1 |
Cash Flow Analysis
Western appears likely to maintain its strong cash flow metrics and momentum going forward. Free cash flow numbers published by Western were 4.5, which was a 19.3% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 7.4%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 82. Also, Western is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.8, representing a 2.2% change from the previous period. This metric might have a 10.7 percent impact on companies in the same industry and with the same market capitalization. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its asset turnover movement earned a score of 70. That said, one metric, Capital Expenditure, stood out as strongly negative. Western's management was ineffective in materially improving CapEx, which now sits at -1133.0 and represents a -12.7% change from the previous report. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, their CapEx movement component earned a score of 54. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 70.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -229.0 | 46.1% | 65 |
| Capital Expenditure | -1,133.0 | -12.7% | 54 |
| Asset Turnover | 0.8 | 2.2% | 70 |
| Free Cashflow | 4.5 | 19.3% | 82 |
The below chart describes Western's performance as reflected on its cash flow with respect to its peers. While Western received a cash flow score of 70, the average of its peers stands on 66.0.
- WDC
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| Apple Inc. | 2.3T | 76 | 75 | 68 | 91 | 84 | 0 | 1 |
| Seagate Technology Holdings plc | 15.9B | 64 | 77 | 76 | 79 | 76 | 1 | 1 |
| NetApp, Inc. | 14.9B | 77 | 58 | 37 | 53 | 55 | 2 | 1 |
| Xerox Holdings Corporation | 2.5B | 59 | 64 | 77 | 75 | 69 | 3 | 1 |
| Super Micro Computer, Inc. | 2.2B | 51 | 51 | 90 | 68 | 62 | 4 | 1 |
| Corsair Gaming, Inc. | 1.4B | 50 | 37 | 48 | 46 | 40 | 5 | 1 |
| Stratasys Ltd. | 1.3B | 83 | 37 | 77 | 51 | 55 | 6 | 1 |
| Avid Technology, Inc. | 1.2B | 58 | 59 | 45 | 94 | 74 | 7 | 1 |
| Dell Technologies Inc. | 37.2B | 68 | 50 | 68 | 85 | 72 | 8 | 1 |
| HP Inc. | 36.5B | 56 | 59 | 60 | 59 | 57 | 9 | 1 |
| Hewlett Packard Enterprise Company | 18.4B | 77 | 52 | 62 | 71 | 66 | 10 | 1 |
| Pure Storage, Inc. | 8.0B | 94 | 91 | 64 | 97 | 95 | 11 | 1 |
| 3D Systems Corporation | 1.3B | 58 | 40 | 61 | 65 | 55 | 12 | 1 |
| IonQ, Inc. | 957.0M | 69 | 66 | 54 | 98 | 82 | 13 | 1 |
| Nano Dimension Ltd. | 834.0M | 69 | 70 | 74 | 55 | 70 | 14 | 1 |
| Canaan Inc. | 600.4M | 67 | 69 | 73 | 46 | 57 | 15 | 1 |
| CompoSecure, Inc. | 441.4M | 77 | 76 | 46 | 48 | 58 | 16 | 1 |
| Eastman Kodak Company | 419.9M | 84 | 50 | 50 | 54 | 57 | 17 | 1 |
| Coolpad Group Limited | 275.6M | 59 | 74 | 79 | 43 | 58 | 18 | 1 |
| Turtle Beach Corporation | 227.4M | 87 | 38 | 87 | 51 | 60 | 19 | 1 |
| Diebold Nixdorf, Incorporated | 190.3M | 38 | 38 | 59 | 72 | 53 | 20 | 1 |
This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.