Silicon Investor (SI) -- The First Internet Community

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. -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (4487)	10/28/2020 5:23:17 PM
From: Sam	Respond to of 4825

Yes, the headline is very misleading. It could have mentioned that they still believe the stock is undervalued and MS rates it as outperform. Oh well, that's a headline for ya! Headlines can often give false impressions. So, for that matter, can articles. As the journalism Prime Directive says, "If your mother says she loves you, check it out!"

To: Elroy who wrote (4487)	10/28/2020 5:52:36 PM
From: Sam	Respond to of 4825

Morgan Stanley wrong again.... Western Digital share gains after Q3 beats, upside outlook Oct. 28, 2020 4:34 PM ET\|About: Western Digital Corporation (WDC)\|By: Brandy Betz, SA News Editor Western Digital (NASDAQ: WDC) gains 2.2% AH on Q3 beats that saw revenue down 4% Y/Y to $3.9B and $0.65 EPS. Segments: Client Devices increased 20% Y/Y to $1.95B. Data Center Devices and Solutions dropped 26% to $1.1B. Client Solutions fell 5% to $847M. Western Digital attributes the overall and segment revenue declines to "the global economic contraction and geopolitical headwinds, which resulted in shifts in customer buying patterns." Operating cash flow totaled $363M with FCF of $196M. Gross margin improved 4.2 percentage points on the year to 23%. Operating expenses dropped 6% to $834M. Q2 guidance includes $3.75-3.95B in revenue (consensus: $3.86B) and $0.40-$0.60 (consensus: $0.55). Press release. Previously: Western Digital EPS beats by $0.10, beats on revenue (Oct. 28 2020) Here's a look at the flash and hard drive metrics from the earnings presentation: seekingalpha.com