Welcome to our dedicated page for Western Digital news (Ticker: $WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Western Digital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Western Digital's position in the market.
Rhea-AI Summary
Western Digital Corporation has priced its offering of $1.4 billion aggregate principal amount of convertible senior notes due 2028, reflecting an increase of $100 million over the previously announced offering size. The sale of the notes is expected to be completed on November 3, 2023. The notes will bear interest at a rate of 3.00% per annum and will have an initial conversion rate of 19.1589 shares of Western Digital’s common stock per $1,000 principal amount of the notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.96%
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Rhea-AI Summary
Western Digital Corporation (Nasdaq: WDC) has announced a proposed offering of $1.3 billion aggregate principal amount of convertible senior notes due 2028. The notes will be senior unsecured obligations and guaranteed by Western Digital's subsidiaries. Interest on the notes will be payable semiannually starting from May 15, 2024. The net proceeds will be used for various purposes including capped call transactions, refinancing existing convertible notes, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
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Rhea-AI Summary
Western Digital Corp. reported first quarter revenue of $2.75 billion, up 3% sequentially. Cloud revenue decreased 12%, Client revenue increased 11%, and Consumer revenue increased 14%. First quarter GAAP earnings per share (EPS) was $(2.17), and Non-GAAP EPS was $(1.76). The company expects second quarter revenue to be in the range of $2.85 billion to $3.05 billion, with Non-GAAP EPS in the range of $(1.35) to $(1.05).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.26%
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Rhea-AI Summary
Western Digital Corp. (NASDAQ: WDC) announced its plan to separate its HDD and Flash businesses into two independent, public companies. The separation aims to enhance strategic focus, capitalize on growth opportunities, and operate more efficiently. The transaction is targeted for the second half of calendar year 2024 and is intended to be tax-free. The company believes that spinning off its Flash business is the best alternative to create shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.26%
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Rhea-AI Summary
Western Digital Corp. to announce Q1 FY2024 financial results
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End-of-Day
-0.46%
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Rhea-AI Summary
Faraday Future appoints Scott Graziano as Global General Counsel, strengthening the organization and capabilities of the global legal team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.17%
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Western Digital Corp. announces management participation in Goldman Sachs Communacopia + Technology Conference
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End-of-Day
1.56%
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Rhea-AI Summary
Western Digital Corp. (NASDAQ: WDC) will be participating in two upcoming investor conferences: Deutsche Bank 2023 Technology Conference on August 31, 2023, and Evercore ISI Semiconductor & Semiconductor Equipment Conference on September 7, 2023. The management presentations will be available as live webcasts on Western Digital's Investor Relations website, with archived replays accessible shortly after the presentations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
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Rhea-AI Summary
Western Digital Corp. reported fiscal fourth quarter revenue of $2.7 billion, down 5% sequentially. Cloud revenue decreased 18%, while Client revenue increased 6% and Consumer revenue increased 3%. The company's fiscal year 2023 revenue was $12.3 billion. Fourth quarter GAAP earnings per share (EPS) was $(2.27) and Non-GAAP EPS was $(1.98). Expect fiscal first quarter 2024 revenue to be in the range of $2.55 billion to $2.75 billion.
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Rhea-AI Sentiment
End-of-Day
0.73%
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News
Rhea-AI Summary
Western Digital Corp. (NASDAQ: WDC) will announce its Q4 and fiscal year 2023 financial results on July 31, 2023. The conference call to discuss these results will be held at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
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Western Digital Corp.
Nasdaq:WDC
WDC Rankings
WDC Stock Data
22.77B
324.23M
0.34%
95.23%
4.91%
Computer Storage Device Manufacturing
Manufacturing
United States of America
SAN JOSE
About WDC
wd, a western digital company, is a long-time innovator and storage industry leader. as a storage technology pacesetter, the company produces reliable, high-performance hard disk drives and solid state drives. these drives are deployed by oems and integrators in desktop and mobile computers, enterprise computing systems, embedded systems and consumer electronics applications, as well as by the company in providing its own storage products. wd’s leading storage devices and systems, networking products, media players and software solutions empower people around the world to easily save, store, protect, share and experience their content on multiple devices. wd was established in 1970 and is headquartered in irvine, calif. for more information, please visit the company’s website at www.wd.com.