Western Digital Corporation 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 desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and 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. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, artificial intelligence-related workloads, data analysis, and other enterprise applications; and data storage platforms. In addition, it offers 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 backup of created content, as well as wireless streaming of high-definition movies, photos, music, documents to tablets, smartphones, and PCs. The company sells its products under the Western Digital, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
HDD Market Dominance | Western Digital's HDD segment shows remarkable strength, with revenue growth of 14% quarter-over-quarter and significant market share gains in cloud and data center sectors. |
NAND Spin-Off Strategy | Explore the potential value unlocking through Western Digital's planned spin-off of its NAND flash business, set to be completed in Q1 2025. |
Margin Expansion Drive | Learn how Western Digital's shift to a build-to-order model and focus on high-value products could fuel further margin expansion beyond the projected 37-39%. |
Analyst Price Targets | Analyst price targets for Western Digital range from $80 to $100, reflecting varied perspectives on the company's growth potential and strategic initiatives. |
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 | 19.6x | −3.3x | 11.8x | |
PEG Ratio | 0.13 | 0.00 | 0.01 | |
Price/Book | 2.0x | −0.5x | 2.4x | |
Price / LTM Sales | 1.5x | 0.9x | 2.2x | |
Upside (Analyst Target) | 19.4% | 19.7% | 21.4% | |
Fair Value Upside | Unlock | 5.6% | 4.3% | Unlock |