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

SNDK 267.80

+11.8%

Nov 10 3:59 PM EST

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From: Sam	8/5/2020 5:54:09 PM
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Western Digital, peers slide after FQ1 forecast miss Aug. 5, 2020 4:39 PM ET\|About: Western Digital Corporation (WDC)\|By: Brandy Betz, SA News Editor Western Digital (NASDAQ: WDC) shares are down 12% AH following a fiscal Q4 revenue miss and downside guidance. Data Center Devices and Solutions revenue grew 32% to $1.68B, Client Devices grew 19% to $1.92B, and Client Solutions declined 9% to $687M Y/Y. Pandemic-related cloud,work from home, and gaming trends drove Data Center and Client Devices higher, while the related brick-and-mortar closures hit Client Solutions. Operating cash flow totaled $172M with FCF of $261M. The downside FQ1 outlook sees $3.70-3.90B in revenue (consensus: $4.36B) and $0.45-0.65 (consensus: $1.32). HDD competitor Seagate's (NASDAQ: STX) shares are down 2.5%. Flash peer Micron (NASDAQ: MU) is down 2.3%. Press release. seekingalpha.com I just listened to the CC. The last half of it, anyway. They sounded really tired, like they had pulled an all-nighter. It did not sound good and the AH stock price is reflecting that. It is slightly above $39 at the moment at 39.00-39.05.

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