WDC, NAND, NVM, enterprise storage systems, etc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

SNDK 244.72

-7.9%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: bigchad

6/21/2018 9:07:32 AM

of 4828

Western Digital stock gains after upbeat forecast from Micron, positive commentary from Guggenheim
8:35 am ET June 21, 2018 (MarketWatch)

Print
Shares of Western Digital Corp. (WDC) are up 2.2% in premarket trading Thursday following an upbeat memory outlook from Micron Technology Inc. (MU) in conjunction with its latest earnings report as well as a positive note from Guggenheim analyst Robert Cihra. "We continue to estimate WDC's fastest-growing segment in CY18E being its data center group...with ALL of that growth coming from a big reacceleration in high-capacity (nearline 7200-rpm) enterprise HDDs shipping into booming hyperscale cloud capex" wrote Cihra. He estimates that this segment will grow 19% year over year and come to represent 31% of Western Digital's total revenue, up from 28%. "We estimate WDC's Enterprise SSD revs down Y/Y through the June quarter but with new products potentially driving improvement starting 2H18E," Cihra wrote. Enterprise SSDs could "reaccelerate" during the second half of 2018, he said. Western Digital shares are down 12% over the past 12 months, while the S&P 500 has gained 14%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 21, 2018 08:35 ET (12:35 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next