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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.3%Nov 14 9:30 AM EST
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From: Sam10/29/2018 8:38:52 AM
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A little late....

Loop steps to WDC sidelines on NAND pricing
Oct. 29, 2018 7:22 AM ET|By: Brandy Betz, SA News Editor


Loop Capital downgrades Western Digital (NYSE: WDC) from Buy to Hold and drops the target from $80 to $42.

Firm expects further NAND pricing declines and notes consensus earnings estimates remain too high after the company’s flash pricing warning last week.

Source: StreetAccount.

WDC closed Friday down 18.2% to $44.19 and has recovered 1.4% to $44.80 premarket.

Previously: Western Digital -7% on Q1 misses, flash pricing warning (Oct. 25)

Previously: Western Digital will reduce CY19 wafer output by up to 15% (Oct. 25)

Previously: Analysts downgrade WDC on flash; Micron and Seagate shares drop (Oct. 26)


seekingalpha.com
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