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WDC

Western Digital

$45.45

0.33 (0.73%)

13:45
11/20/18
11/20
13:45
11/20/18
13:45

Western Digital call volume above normal and directionally bullish

Bullish option flow detected in Western Digital with 22,015 calls trading, 3x expected, and implied vol increasing almost 8 points to 57.96%. Dec-18 35 puts and Dec-18 50 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.60. Earnings are expected on January 24th.

  • 04

    Dec

WDC Western Digital
$45.45

0.33 (0.73%)

11/12/18
LBOW
11/12/18
NO CHANGE
LBOW
Neutral
Earnings commentary shows 'ample evidence' of hyperscale caution, says Longbow
Longbow analyst Joe Wittine said that Microsoft (MSFT) signaled along with its earnings report that growth in investments would moderate, Amazon (AMZN) highlighted a focus on driving data center efficiencies, Alphabet (GOOGL) is understood to be eh "the largest driver" of Seagate's (STX) lowered outlook and Apple (AAPL) expects FY19 capex of $14B, down from this year's $16.7B. Wittine sees all of this as "ample evidence of increased caution in the hyperscale investment cycle," which leads his to believe his Neutral ratings on both Seagate and Western Digital (WDC) remain appropriate.
11/20/18
SUSQ
11/20/18
DOWNGRADE
SUSQ
Neutral
Western Digital downgraded to Neutral from Positive at Susquehanna
11/20/18
SUSQ
11/20/18
DOWNGRADE
Target $44
SUSQ
Neutral
Western Digital downgraded to Neutral with $44 price target at Susquehanna
As reported previously, Susquehanna analyst Mehdi Hosseini downgraded Western Digital to Neutral from Positive. The analyst said he has lost confidence in the company's ability to benefit from SSD substitution of HDDs. He noted the shares are down 50% since March, reflecting weak NAND trends exacerbated by softening HDD fundamentals. His downgrade reflects a loss of confidence in management's ability to navigate the downturn into 2019, said Hosseini, who lowered his price target to $44 from $120 on Western Digital shares.
11/20/18
11/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Underperform from Market Perform at Raymond James with analyst Pavel Molchanov saying Exxon Mobil is "one of the least appealing ways to play" the firm's bullish oil call, particularly following the recent oil price selloff. 2. Skyworks (SWKS) downgraded to Underperform from Neutral at BofA/Merrill with analyst Vivek Arya citing limited content gains in 2019 iPhones. 3. Micron (MU) downgraded two notches to Underperform from Outperform at Baird with analyst Tristan Gerra saying he now models eight consecutive quarters of gross margin and EPS contraction given the continued deterioration in both DRAM and NAND memory pricing. 4. Nvidia (NVDA) downgraded to Underperform from Neutral at Exane BNP Paribas. 5. Western Digital (WDC) downgraded to Neutral from Positive at Susquehanna with analyst Mehdi Hosseini saying he has lost confidence in the company's ability to benefit from SSD substitution of HDDs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SASR

Sandy Spring Bancorp

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0.55 (1.64%)

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ET

Energy Transfer LP

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BOLD

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TROV

Trovagene

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AbbVie

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ABCB

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NVTA

Invitae

$22.80

-0.065 (-0.28%)

, UNH

UnitedHealth

$227.14

5.4 (2.44%)

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NVTA

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UNH

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NEO

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0.33 (1.68%)

LH

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DGX

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OPK

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FB

Facebook

$181.49

3.21 (1.80%)

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ZLAB

Zai Lab

$29.36

0.17 (0.58%)

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  • 30

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LYFT

Lyft

$60.91

2.6 (4.46%)

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  • 07

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CDNS

Cadence Design

$64.23

0.87 (1.37%)

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  • 02

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WSO

Watsco

$150.99

-0.39 (-0.26%)

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General news
U.S. chain store sales dropped 1.4% in the week ended April 20 »

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LII

Lennox

$267.77

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PENN

Penn National

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SCRYY

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AUTL

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  • 14

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MDSO

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$90.30

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$0.00

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MDSO

Medidata

$90.30

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AZRX

AzurRx BioPharma

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  • 30

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HAL

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$31.09

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JBLU

JetBlue

$16.84

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ACHC

Acadia

$29.66

0.16 (0.54%)

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PAG

Penske Automotive

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JBLU

JetBlue

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JEC

Jacobs Engineering

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