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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 200.32

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Nov 21 3:59 PM EST

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From: reddy_s	3/13/2018 2:19:08 PM
	of 4828

Estimates rise for Western Dig Speaking of chips, Micron Technology ( MU) is still rising on multiple price target increases yesterday, up another $3.34, or almost 6%, at $62.71, but Robert Cihra with Guggenheim Securities this morning puts the focus on Western Digital ( WDC), reiterating his Buy rating after raising profit estimates to reflect a “re-acclerating raw storage demand” situation. Cihra writes that spending by cloud computing operators is driving an upswing "in high-capacity enterprise HDDs and NAND/SSD growth re-accelerating with 3D supply." "NAND availability is improving and price declines have resumed, but we think NAND price pressure has so far been more moderate than many feared (e.g., looking down 4-5%Q/ Q vs. 7-9%Q/Q), increasing our WDC estimates further above consensus.” He now thinks Western can make $14.48 in EPS this fiscal year, versus consensus for just $14.03. Western shares are up $3.03, or 3%, at $105.89. barrons.com

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