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WDC

Western Digital

$40.00

16 (5.00%)

10:25
12/04/18
12/04
10:25
12/04/18
10:25

Western Digital to host investor day

Investor day to be held in Milpitas, CA on December 4 at 11am. Webcast Link

  • 04

    Dec

WDC Western Digital
$40.00

16 (5.00%)

12/03/18
RBCM
12/03/18
NO CHANGE
Target $54
RBCM
Sector Perform
Western Digital price target lowered to $54 from $57 at RBC Capital
RBC Capital analyst Amit Daryanani lowered his price target on Western Digital (WDC) to $54 and kept his Sector Perform rating ahead of tomorrow's Analyst Day. The analyst believes that the company will update its December quarter outlook toward the low end of its range amid continued market softness along with new bearish developments from Apple (AAPL) that came after Western Digital's prior guidance. Daryanani also assumes that the company will discuss its prior long-term assumptions around the "ability to grow sales mid-single digit, gross-margins in the range of 35-40%, and operating expenditures in 14-16% range", anticipating the presentation to highlight expectations of long-term optimism balanced against near term headwinds.
11/30/18
KEYB
11/30/18
NO CHANGE
KEYB
KeyBanc says DRAM, NAND monthly contract price decline in-line with expectations
KeyBanc analyst Weston Twigg noted that inSpectrum released its November monthly memory contract pricing. 8Gb DDR4 contract pricing was down 4.8% month-over-month, while NAND contract pricing for 128Gb TLC was down 4.7% month-over-month, which he said was consistent with his expectations. Twigg added that he views the DRAM market as likely healthier and more profitable than NAND over the long run. Twigg has an Overweight rating on Micron (MU) and also mentioned Seagate (STX) and Western Digital (WDC) in the report, though he does not cover the latter two stocks.
11/28/18
KEYB
11/28/18
NO CHANGE
KEYB
Rational DRAM supply, softening demand as NAND oversupply worsens, says KeyBanc
KeyBanc analyst Weston Twigg expects DRAM bit supply to grow 22% this year, but his 2019 projection drops to 17% growth, down 200 bps from his prior estimate, which suggests DRAM pricing should stabilize next year. The analyst also expects NAND supply to remain high through Q2 of 2019, but with a sharp year over year slowdown in 2H19 as capacity restrictions flow through next year. Twigg reiterates an Overweight for Micron (MU) and Sector Weight ratings for Western Digital (WDC) and Seagate (STX).
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

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  • 09

    Dec

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CTL

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  • 09

    Dec

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    Dec

CPA

Copa Holdings

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-1.94 (-1.78%)

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  • 03

    Dec

MMC

Marsh & McLennan

$105.50

0.16 (0.15%)

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  • 18

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TMUS

T-Mobile

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  • 18

    Nov

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  • 09

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RCAR

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FTFT

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JCP

J.C. Penney

$1.18

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CNP

CenterPoint Energy

$25.48

-1.2 (-4.50%)

08:33
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HRI

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  • 09

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AMRS

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  • 19

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  • 05

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  • 20

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CLDX

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