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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.
HDD Giant's Rebirth | Western Digital's strategic spin-off of its NAND business positions it for growth in the burgeoning AI-driven data storage market |
Financial Resilience | Despite projected sales decline, WDC maintains a "GOOD" financial health score, with analysts forecasting improved profitability and operational efficiency |
Market Dynamics | Explore WDC's competitive edge in the oligopolistic HDD industry, with analysts projecting a 23% CAGR in Nearline Cloud storage demand through 2028 |
Future Prospects | Delve into WDC's technological roadmap and strategic initiatives, with analyst price targets ranging from $50 to $95, averaging around $75 |
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 | 17.3x | 6.3x | 11.7x | |
PEG Ratio | 0.06 | 0.09 | 0.01 | |
Price/Book | 5.2x | 0.2x | 2.4x | |
Price / LTM Sales | 2.9x | 1.2x | 2.2x | |
Upside (Analyst Target) | 12.9% | 85.2% | 17.5% | |
Fair Value Upside | Unlock | 12.0% | 3.5% | Unlock |