Fly News Breaks for January 31, 2020
Jan 31, 2020 | 08:38 EDT
BTIG analyst Edward Parker raised his price target on Western Digital to $80 and kept his Buy rating after its in-line Q2 results and better than expected guidance, which "proves" the supply-demand recovery narrative in NAND memory. The analyst further cites the management's forecast of accelerating flash gross margins and "solid" fundamentals in its HDD business, noting that the improving end-market demand is "nicely synched" with the company's product positioning.
News For WDC From the Last 2 Days
Oct 26, 2020 | 12:29 EDT
Western Digital (WDC) announced that Dropbox (DBX) is one of the first to qualify the Ultrastar DC HC650 20TB, host-managed, shingled magnetic recording hard disk drives. With Western Digital SMR HDDs serving as the storage foundation for its custom-built, multi-exabyte storage platforms, Dropbox continues its strategic path, taking advantage of the highest storage densities with the lowest TCO without sacrificing data durability and availability for its 600 million+ online customers. "We've been working with Western Digital for many years, and throughout several phases of our storage platform development," said Andrew Fong, vice president of engineering, Dropbox. "Online tools and services are more important than ever before, so we need to be able to quickly innovate, expand functionality and scale to help stay competitive. We look forward to deploying these higher capacity 20TB SMR hard drives to further our cost savings and to provide our customers with even more value. Western Digital is an important strategic partner and we look forward to continuously pushing cloud infrastructure boundaries together."