Western Digital Stock Price, News & Analysis

Western Digital Corp. (NASDAQ: WDC) has launched a new range of 4TB portable SSDs designed to meet the growing demands of gamers and content creators. The new drives, including the SanDisk Extreme Pro and WD_Black P50 Game Drive, offer high-speed performance with read and write speeds up to 2000MB/s. Pricing starts at $679.99 and availability is expected later this quarter. The company emphasizes its commitment to delivering innovative storage solutions that cater to the storage needs of professionals and consumers worldwide.

Western Digital Corp. (NASDAQ: WDC) announced its participation in two upcoming virtual investor conferences. The events include the Wells Fargo TMT Summit 2020 on December 1, 2020, at 9:40 a.m. PT and the Barclays Global Technology, Media, and Telecommunications Conference on December 10, 2020, at 10:30 a.m. PT. Both presentations will be accessible via the company's Investor Relations website, with archived replays available shortly after each event.

Western Digital specializes in data infrastructure solutions, enhancing data management across various platforms.

Western Digital (NASDAQ: WDC) has launched three special edition storage drives in collaboration with Call of Duty: Black Ops Cold War. The products include the WD_BLACK P10 Game Drive (2TB for $109.99), the WD_BLACK P50 Game Drive SSD (1TB for $249.99), and the WD_BLACK SN850 NVMe SSD (1TB for $239.99). Each drive comes with in-game Call of Duty points, enhancing value for gamers. The products aim to enhance gaming experiences by optimizing storage solutions, with availability expected in December 2020.

Western Digital (NASDAQ: WDC) introduced new NVMe SSDs at the Flash Memory Summit, aimed at enhancing data-centric architectures for data centers, industrial IoT, and automotive applications. Key products include the Ultrastar DC ZN540 ZNS NVMe SSD, offering up to 8TB capacity and 4x performance improvements, and the IX SN530 Industrial SSD designed for extreme environments. The WD Blue SN550 NVMe SSD was launched in a 2TB capacity, targeting content creators. These innovations reflect Western Digital's commitment to advancing storage technology to meet growing data demands.

Western Digital Corp. (WDC) reported fiscal Q1 2021 results with revenue down 3% year-over-year to $3.9 billion, largely due to macroeconomic uncertainties and shifts in customer purchasing patterns. Client Devices revenue rose 20% to $1.9 billion, fueled by remote work trends and gaming growth. However, Data Center Devices revenue fell 26% to $1.1 billion. Operating income improved significantly to $70 million from a loss of $129 million, while net income rose to $196 million, up 94%. For Q2 2021, WDC forecasts revenue between $3.75 billion and $3.95 billion, with adjusted EPS guidance of $0.40 to $0.60.

Western Digital Corp. (Nasdaq: WDC) appoints Ashley Gorakhpurwalla as executive vice president and general manager of its HDD business unit. Gorakhpurwalla, a 20-year veteran of Dell Technologies, previously led a $20 billion unit at Dell EMC. His role focuses on HDD portfolio strategy, product development, and engineering leadership. With almost 30 years in technology, he aims to enhance innovation in data storage solutions, supporting the company's growth strategy alongside Rob Soderbery, who leads the Flash business unit. This management change aims to drive more coordinated advancements in HDD and Flash technologies.

Western Digital Corp. (NASDAQ: WDC) has announced that Dropbox Inc. (NASDAQ: DBX) is one of the first companies to qualify its Ultrastar DC HC650 20TB shingled magnetic recording (SMR) hard disk drives (HDD). This partnership will enhance Dropbox's storage capabilities while reducing total cost of ownership (TCO) for its multi-exabyte storage platforms. The SMR HDDs offer unmatched storage densities, leading to improved power efficiency and lower costs, benefiting Dropbox's 600 million+ customers. This collaboration reinforces Western Digital's leadership in providing cutting-edge data infrastructure solutions.

Western Digital Corp. (NASDAQ: WDC) will report its first quarter fiscal 2021 financial results after market close on October 28, 2020. A conference call to discuss these results is scheduled for the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. The call will be available via live audio webcast as well as a replay on the company's investor relations website. Western Digital is a leader in data infrastructure, offering solutions under its recognized brands, including Western Digital, G-Technology, SanDisk, and WD.

Western Digital Corp. (NASDAQ: WDC) has unveiled two new SanDisk portable SSDs, the SanDisk Extreme and SanDisk Extreme PRO, boasting nearly double the speed of previous models. These SSDs cater to professionals needing reliable, high-capacity storage for demanding tasks, supporting up to 2TB. Key features include read/write speeds of up to 2000MB/s for the Extreme PRO and 1050MB/s for the Extreme. The drives offer robust design with drop protection and IP55 rating, along with 256-bit AES hardware encryption. Available now, prices range from $119.99 to $499.99.