(SeaPRwire) – By: James Vance
Western Digital (WDC) slid 3.1% Thursday. Closed ~$575–$577. Volume 28% below daily average. Not panic selling. Past month, WDC soared 23%. Broader tech up 10%, S&P 500 4.59%.
Q3 earnings crushed estimates. EPS $2.72 vs $2.39 expected. Revenue $3.34B, up 45.5% y/y. Last year same quarter, EPS was $1.36. Q4 2026 guidance: EPS $3.10–$3.40. Next earnings seen at $3.28, +97.6% y/y. Full year: $10.02 EPS, $12.87B revenue.
Analysts bullish. Citigroup raised target 37%. Barclays to $620 with “overweight”. 22 analysts: 18 buy, 1 strong buy, 3 hold. Forward P/E 59.3, above industry avg 24.53. Dividend up to $0.15/share. Insiders sold some shares. Institutional investors own 92.51%.
Author bio: James Vance, Senior Columnist at leading int’l tech weekly. Tracks tech stocks closely, specializes in storage and semiconductor trends.