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Fly News Breaks for March 1, 2020
Mar 1, 2020 | 17:18 EDT
Stifel analyst Patrick Ho upgraded Western Digital to Buy from Hold with a price target of $73, up from $63. The selloff in the shares due to the concerns related to the coronavirus situation have created an attractive entry point, Ho tells investors in a research note. While the current coronavirus situation could impact near-term estimates, Western Digital's fundamental outlook for 2020 remains intact, contends the analyst. Ho believes structural demand remains intact and near-term issues are supply constrained.
News For WDC From the Last 2 Days
Oct 28, 2020 | 19:01 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to See Story Here
Oct 28, 2020 | 16:19 EDT
Reports Q1 revenue $3.9B, consensus $3.83B. Client Devices increased 20%, Data Center Devices and Solutions revenue declined 26%, and Client Solutions declined 5% year-over-year. The company said, "While we are still managing through macro uncertainty, during the quarter we benefitted from strength particularly in the retail sector, driven by favorable macro and market dynamics, as well as the brand recognition of our products. Our diversified storage portfolio strategy implemented through our recently announced organizational structure will enable us to accelerate growth, improve our focus, and drive sustainable, long-term shareholder value."
Oct 28, 2020 | 13:05 EDT
Notable companies reporting after the market close, with earnings consensus, include Visa (V), consensus $1.10... Amgen (AMGN), consensus $3.80... ServiceNow (NOW), consensus $1.03... Gilead Sciences (GILD), consensus $1.95... Cognizant Technology (CTSH), consensus 90c... eBay Inc. (EBAY), consensus 86c... O'Reilly Automotive (ORLY), consensus $6.19... Ford Motor (F), consensus 16c... Pinterest (PINS), consensus 2c... Yum China (YUMC), consensus 49c... Cerner (CERN), consensus 71c... Teladoc Health (TDOC), consensus (32c)... Etsy (ETSY), consensus 58c... Livongo Health (LVGO), consensus 5c... Western Digital (WDC), consensus 54c... United Rentals (URI), consensus $4.28... Molina Healthcare (MOH), consensus $2.16... Fastly (FSLY), consensus 0c... SunPower (SPWR), consensus (5c)... Sprouts Farmers Market (SFM), consensus 36c... Sunnova Energy (NOVA), consensus (15c)... Rent-A-Center (RCII), consensus 96c... Spirit Airlines (SAVE), consensus ($2.72).