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WDC

Western Digital

$50.31

-0.75 (-1.47%)

13:25
11/14/19
11/14
13:25
11/14/19
13:25

Western Digital call volume above normal and directionally bullish

Bullish option flow detected in Western Digital with 11,633 calls trading, 1.2x expected, and implied vol increasing over 1 point to 33.73%. Feb-20 50 calls and 12/13 weekly 48.5 puts are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.54. Earnings are expected on January 23rd.

  • 14

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  • 20

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  • 09

    Dec

WDC Western Digital
$50.31

-0.75 (-1.47%)

10/14/19
LOOP
10/14/19
UPGRADE
LOOP
Buy
Western Digital upgraded to Buy from Hold at Loop Capital
10/14/19
LOOP
10/14/19
UPGRADE
Target $75
LOOP
Buy
Western Digital upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Ananda Baruah upgraded Western Digital to Buy from Hold with a price target of $75, up from $50. The analyst cites his findings that flash memory average selling prices are set to increase starting in the September and December quarters while also sustaining those increases in 2020, along with expectations of strong hyperscale HDD demand next year. Baruah is modeling his price target with an assumed 2021 earnings multiple of 10-times, but adds that there is potential for that multiple to rise to 12- to 15- times if Western Digital can grow its revenue by about 15% in 2020.
10/14/19
10/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nike (NKE) upgraded to Neutral from Underperform at BofA/Merrill with analyst Robert Ohmes saying that he expects the "accelerated democratization" of the brand to offset the broader future challenges around "significant" third-party retail store closures and global stagnation in "performance" footwear/apparel. 2. Western Digital (WDC) upgraded to Buy from Hold at Loop Capital with analyst Ananda Baruah citing his findings that flash memory average selling prices are set to increase starting in the September and December quarters while also sustaining those increases in 2020, along with expectations of strong hyperscale HDD demand next year. 3. Varian Medical (VAR) upgraded to Buy from Neutral at BTIG with analyst Sean Lavin saying Varian shares have pulled back in recent weeks and now trade in line with the comp group. 4. Xilinx (XLNX) upgraded to Buy from Neutral at Nomura Instinet with analyst David Wong saying many risks remain for U.S. semiconductor companies, including uncertainties related to U.S./China trade issues and U.S. action against Chinese companies such as Huawei. 5. HP Enterprise (HPE) upgraded to In Line from Underperform at Evercore ISI with analyst Amit Daryanani saying he is incrementally more positive on cash flow resiliency, the Cray acquisition, recent data points that indicate H3C is performing better than other OEMs in China, and valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/31/19
RBCM
10/31/19
NO CHANGE
Target $64
RBCM
Outperform
Western Digital price target lowered to $64 from $70 at RBC Capital
RBC Capital analyst Mitch Steves lowered his price target on Western Digital to $64, saying that while its Q1 earnings were "solid", the Q2 guidance was weaker because of "limited margin flow through." The analyst still keeps his Outperform rating on the stock, citing the management's view that the bottom in NAND memory cycle is now in the past as the company works toward gross margins of over 40%.

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GLD

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BXRX

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LMT

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MGTA

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IMH

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