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

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

SNDK 254.16

+4.4%

3:59 PM EST

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To: Sam who wrote (4117)	4/16/2019 8:53:56 AM
From: Return to Sender	2 Recommendations Recommended By oldbeachlvr Sam Read Replies (1) of 4827

Deutsche upgraded Western Digital saying it likes the setup in earnings and beyond. cnbc.com "We are starting to observe favorable data points in both HDD and NAND that will support a solid 2H CY19 recovery for WDC's earnings. While we acknowledge there is downside risk to near-term EPS due to weaker-than-expected NAND pricing--and hence we lower our near-term EPS estimates--supply cuts across the NAND indus-try, along with a re-acceleration of nearline HDD demand, will likely lead to a strong-er recovery off a lower base in 1H CY19. On the upcoming earnings call, we expect WDC management to highlight the improved visibility, which should be a positive catalyst for the stock. As earnings power starts to normalize and with upside risks for earnings revisions for 2H CY19 and CY20, the setup is favorable, in our view. Consequently, we upgrade our recommendation to Buy and raise our price target to $60."

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