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Western Digital Corp. - WDC STOCK NEWS

Welcome to our dedicated page for Western Digital news (Ticker: WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital stock.

Western Digital Corporation (WDC) is a renowned innovator in the storage technology industry, established in 1970 and headquartered in Irvine, California. The company specializes in manufacturing reliable and high-performance hard disk drives (HDDs) and solid-state drives (SSDs), catering to a broad range of applications. These include desktop and mobile computers, enterprise computing systems, embedded systems, and consumer electronics.

As a leading vertically integrated supplier of data storage solutions, Western Digital operates in a practical duopoly with Seagate in the HDD market. Additionally, it holds the position of the largest global producer of NAND flash chips for SSDs, achieved through a joint venture with Kioxia. This extensive product portfolio empowers users worldwide to seamlessly save, store, protect, share, and experience their digital content across multiple devices.

The company's innovative spirit is reflected in its recent projects and achievements. Western Digital continues to push the boundaries of storage technology, delivering advanced solutions designed to meet the evolving needs of both consumers and enterprises. The company’s products are widely recognized for their performance, reliability, and cutting-edge technology.

Western Digital's robust financial condition and strategic partnerships further cement its position as a leader in the storage industry. The company's networking products, media players, and software solutions complement its hardware offerings, providing a comprehensive ecosystem for data management and storage.

For the latest updates and detailed information about Western Digital Corporation, please visit their official website at www.wd.com.

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Western Digital Corp. reported fiscal fourth quarter revenue of $2.7 billion, down 5% sequentially. Cloud revenue decreased 18%, while Client revenue increased 6% and Consumer revenue increased 3%. The company's fiscal year 2023 revenue was $12.3 billion. Fourth quarter GAAP earnings per share (EPS) was $(2.27) and Non-GAAP EPS was $(1.98). Expect fiscal first quarter 2024 revenue to be in the range of $2.55 billion to $2.75 billion.
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Western Digital Corp. (NASDAQ: WDC) will announce its Q4 and fiscal year 2023 financial results on July 31, 2023. The conference call to discuss these results will be held at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
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Western Digital Corp. (NASDAQ: WDC) is set to release its third quarter fiscal year 2023 financial results post market close on May 8, 2023. An investment community conference call to discuss the findings will take place on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast of the conference will be accessible at investor.wdc.com. The company emphasizes its commitment to innovation in data storage solutions and has set ambitious carbon reduction goals approved by the Science Based Targets initiative. Investors and stakeholders can find more information about Western Digital and its brands on their official website.

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Western Digital Corp. (NASDAQ: WDC) disclosed a network security incident that began on March 26, 2023. An unauthorized party accessed several of its systems, prompting the company to implement incident response measures and collaborate with external security experts. The ongoing investigation aims to assess the extent of the breach and secure operations, which have been disrupted as a result. Western Digital believes that data may have been compromised, and it is actively working on restoring affected infrastructure and services. Updates will be provided as the situation evolves.

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Kioxia Corporation and Western Digital (NASDAQ: WDC) have unveiled a groundbreaking 3D flash memory technology that promises enhanced performance, density, and cost-effectiveness. This innovation, born from their strong partnership, utilizes advanced scaling and wafer bonding technologies, achieving over 50% bit density improvement. The new 218-layer 3D flash supports 1Tb TLC and QLC with high-speed NAND I/O surpassing 3.2Gb/s. With sample shipments for select customers underway, the eighth-generation BiCS FLASH™ is poised to meet the growing demands of data-centric applications like smartphones and data centers.

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FAQ

What is the current stock price of Western Digital (WDC)?

The current stock price of Western Digital (WDC) is $66.43 as of November 22, 2024.

What is the market cap of Western Digital (WDC)?

The market cap of Western Digital (WDC) is approximately 22.8B.

What does Western Digital Corporation specialize in?

Western Digital Corporation specializes in manufacturing high-performance hard disk drives (HDDs) and solid-state drives (SSDs) for various applications.

When was Western Digital Corporation established?

Western Digital Corporation was established in 1970.

Where is Western Digital Corporation headquartered?

Western Digital Corporation is headquartered in Irvine, California.

Who are the main competitors of Western Digital in the HDD market?

Western Digital's main competitor in the HDD market is Seagate.

What is Western Digital's role in the SSD market?

Western Digital is the largest global producer of NAND flash chips for SSDs, in collaboration with Kioxia.

What types of products does Western Digital offer?

Western Digital offers a range of products including HDDs, SSDs, networking products, media players, and software solutions.

How does Western Digital's product portfolio benefit users?

Western Digital's products enable users to save, store, protect, share, and experience their digital content seamlessly across multiple devices.

What makes Western Digital a leader in storage technology?

Western Digital is a leader due to its innovative solutions, reliable high-performance products, and strategic partnerships in the storage industry.

Where can I find more information about Western Digital Corporation?

More information about Western Digital Corporation can be found on their official website at www.wd.com.

Western Digital Corp.

Nasdaq:WDC

WDC Rankings

WDC Stock Data

22.78B
344.58M
0.32%
96.73%
4.7%
Computer Hardware
Computer Storage Devices
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United States of America
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