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Fly News Breaks for July 29, 2016
WDC
Jul 29, 2016 | 06:58 EDT
Brean Capital said they would absolutely be buying any pullbacks in Western Digital shares following Q4 earnings. The firm noted shares were down after its report and were confused as they expected shares to trade higher. Brean Capital views company guidance as conservative and favorable considering investors were concerned about guidance. Brean Capital reiterated its Buy rating and $97 price target on Western Digital shares.
News For WDC From the Last 2 Days
WDC
Apr 25, 2024 | 16:07 EDT
Reports Q3 GAAP EPS 34c. Reports Q3 revenue $3.46B, consensus $3.36B. "As evidenced by our excellent third quarter results, Western Digital continues improving through-cycle profitability and dampening business cycles by leveraging our strategy of developing a diversified portfolio of industry-leading products across a broad range of end markets," said David Goeckeler, Western Digital CEO. "We are in the early innings of unlocking the full potential of this company, and as industry supply and demand dynamics continue to improve, we will remain disciplined around our capital spending and focused on driving innovation and efficiency across our businesses. We are confident in our strategy and the actions we have taken to-date, which successfully position us to capitalize on the promising growth prospects that lie ahead."
WDC
Apr 25, 2024 | 14:34 EDT
Pre-earnings options volume in Western Digital is 1.4x normal with calls leading puts 7:5. Implied volatility suggests the market is anticipating a move near 6.2%, or $4.32, after results are released. Median move over the past eight quarters is 2.1%.