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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 09:28 EDT
RBC Capital analyst Mitch Steves raised his price target on Western Digital to $85 and kept his Outperform rating after its Q2 earnings beat and above-consensus guidance for Q3. The analyst cites the company's view of improving NAND environment at a higher rate than it anticipated and expectations of doubling enterprise SSD revenue, with added upside coming from flash demand in gaming starting in June of this year.
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."