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WDC

Western Digital

$37.87

-1.33 (-3.39%)

10:55
01/22/19
01/22
10:55
01/22/19
10:55

Western Digital put volume heavy and directionally bearish

Bearish flow noted in Western Digital with 8,315 puts trading, or 3x expected. Most active are Feb-19 37.5 puts and Feb-19 32.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.96, while ATM IV is up nearly 4 points on the day. Earnings are expected on January 24th.

  • 24

    Jan

WDC Western Digital
$37.87

-1.33 (-3.39%)

01/18/19
STFL
01/18/19
NO CHANGE
STFL
Western Digital, Seagate targets lowered at Stifel on negative storage data
Stifel analyst Kevin Cassidy lowered his estimates for Seagate (STX) and Western Digital (WDC) ahead of the companies' earnings reports, citing multiple negative storage industry data points that he contends "clearly point" to lower than expected revenue in the HDD and SSD markets. He lowered his Seagate price target to $43 from $47 and cut his Western Digital price target to $60 from $75. Cassidy keeps a Hold rating on Seagate shares and a Buy rating on Western Digital.
01/18/19
RBCM
01/18/19
NO CHANGE
Target $40
RBCM
Sector Perform
Western Digital price target lowered to $40 from $48 at RBC Capital
RBC Capital analyst Amit Daryanani lowered his price target on Western Digital to $40 and kept his Sector Perform rating, stating that while the "story" of the "demise" has been exaggerated, he expects the company's March quarter to reflect continued headwinds in NAND memory and hard disk drives. On NAND, the analyst expects pricing to be down mid-teens and bit growth flat to down low-single digits sequentially in the March quarter, leading to deeper margin contraction, while the hard disk drive business is expected to see further slowdown in hyperscale. Daryanani believes that it will take "another round of sizable capex reductions in memory" as companies "burn out excess inventory" before a bottom can be reached exiting 2019.
01/17/19
WELS
01/17/19
NO CHANGE
Target $65
WELS
Outperform
Western Digital price target lowered to $65 from $75 at Wells Fargo
Wells Fargo analyst Aaron Rakers lowered his price target for Western Digital to $65 from $75 as fundamental trends remain weak - NAND Flash price declines and indications of a continued build-up of industry inventory plus a multi-quarter slowdown/digestion phase for cloud-driven near-line HDD demand. That said, the analyst thinks the company's Q3/Q4 quarters will set a fundamental bottom and thus believes investors will start to consider an improving set-up into the first half of 2020. While Rakers thinks shares of Western Digital could back to the low-$30 range over the near-term, he remains positive on the long-term risk/reward, and reiterates an Outperform rating on the shares.
01/15/19
BNCH
01/15/19
NO CHANGE
BNCH
Hold
Western Digital dividend cut unlikely, says Benchmark
Benchmark analyst Mark Miller said Western Digital investors have been reacting to a research report expressing concern that the company might cut its dividend, but he believes it should generate enough cash to cover its 2019 dividend even if current consensus earnings expectations are too high. Miller, who cites operational cutbacks, reduced share repurchases, cap-ex reductions and cash on hand to support his view of the viability of the dividend, keeps a Hold rating on Western Digital shares.

TODAY'S FREE FLY STORIES

02:55
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IFF

International Flavors

$122.54

-0.98 (-0.79%)

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QRVO

Qorvo

$69.15

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  • 25

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ATI

Allegheny Technologies

$26.02

0.065 (0.25%)

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INAP

Internap

$4.98

0.17 (3.53%)

21:33
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DRI

Darden

$108.62

-1.79 (-1.62%)

, CAG

Conagra Brands

$22.91

0.095 (0.42%)

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Earnings
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Darden

$108.62

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$22.91

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CMC

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$16.06

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G-III Apparel

$35.09

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  • 21

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HYMTF

Hyundai Motor

$0.00

(0.00%)

19:51
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Periodicals
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CVBF

CVB Financial

$21.12

-0.53 (-2.45%)

19:45
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CVB Financial raises quarterly dividend to 18c from 14c per share »

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KAMN

Kaman

$57.84

0.345 (0.60%)

19:24
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  • 17

    Apr

VALE

Vale

$13.49

-0.21 (-1.53%)

19:19
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  • 28

    Mar

EQH

AXA Equitable

$20.84

-0.565 (-2.64%)

19:12
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Syndicate
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  • 21

    Mar

OTTW

Ottawa Bancorp

$13.56

-0.14 (-1.02%)

19:02
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JAZZ

Jazz Pharmaceuticals

$133.73

-1.74 (-1.28%)

18:57
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  • 20

    Mar

AYI

Acuity Brands

$123.00

-5.53 (-4.30%)

18:52
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18:52
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  • 03

    Apr

HYAC

Haymaker Acquisition

$11.79

(0.00%)

, OSW

OneSpaWorld

$0.00

(0.00%)

18:47
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Hot Stocks
OneSpaWorld says will start trading on Nasdaq March 21 »

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HYAC

Haymaker Acquisition

$11.79

(0.00%)

OSW

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$0.00

(0.00%)

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

, MU

Micron

$40.08

-0.3 (-0.74%)

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$35.07

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MU

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$40.08

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WSM

Williams-Sonoma

$56.88

0.09 (0.16%)

SIEN

Sientra

$9.76

0.945 (10.73%)

EB

Eventbrite

$20.09

-0.72 (-3.46%)

GES

Guess

$22.10

-0.41 (-1.82%)

UNIT

Uniti Group

$10.01

0.15 (1.52%)

WEX

Wex

$184.85

-1.465 (-0.79%)

CBMG

Cellular Biomedicine

$18.26

0.38 (2.13%)

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

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  • 20

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SAGE

Sage Therapeutics

$152.62

-3.46 (-2.22%)

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NVDA

Nvidia

$174.38

-1.39 (-0.79%)

18:27
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Recommendations
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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$56.17

-0.93 (-1.63%)

18:24
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Periodicals
CVS to start selling CBD products in partnership with Curaleaf, Bloomberg says »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$56.17

-0.93 (-1.63%)

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  • 25

    Mar

PETQ

PetIQ

$29.87

0.91 (3.14%)

18:23
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PetIQ CEO: We are totally transparent about our price model »

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  • 20

    Mar

T

AT&T

$30.51

-0.19 (-0.62%)

18:21
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  • 20

    Mar

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SGSOY

SGS SA

$0.00

(0.00%)

18:19
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Downgrade
SGS SA rating change at Goldman Sachs »

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CLX

Clorox

$155.94

-0.93 (-0.59%)

, RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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CLX

Clorox

$155.94

-0.93 (-0.59%)

RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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  • 28

    May

BA

Boeing

$376.41

2.54 (0.68%)

18:09
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Boeing pushes flight test to International Space Station to August, Reuters says »

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  • 20

    Mar

  • 28

    May

CE

Celanese

$101.04

0.08 (0.08%)

18:02
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Celanese increases acetyl intermeditates prices »

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  • 18

    Apr

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