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 262.35

+7.7%

11:06 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sam	1/25/2019 2:50:15 PM
	2 Recommendations Recommended By Moonray Return to Sender Read Replies (1) of 4827

Western Digital stock rallies, and brings Micron along for the ride By Wallace Witkowski Published: Jan 25, 2019 2:44 p.m. ET While flash memory glut persists and hurt Western Digital earnings, forecasts are more reasonable, analysts say Western Digital Corp. shares rallied Friday following a drop late Thursday as the data storage device company reported an earnings miss and cut its outlook but provided a light at the end of the tunnel for the memory-chip industry. Western Digital WDC, +6.63% shares rallied 6.8% to $42.85 Friday after touching an intraday high of $47.95. Late Thursday, shares of Western Digital fell in after-hours activity following the release of earnings. For the year, Western Digital shares are up 16.1%, compared with a 6.3% gain in the S&P 500 SPX, +0.87% and a 7.9% rise in the tech-heavy Nasdaq Composite Index COMP, +1.25% . [....] As BTIG analyst Edward Parker said in a Friday note, “we think this is the last numbers cut, and thus a catalyst for stock reversal.” “Similar to [Micron Technology Inc.]’s results a month ago, WDC provided a quarter that many long-term investors wanted to hear,” Cowen’s Karl Ackerman wrote. more at marketwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next