Large-cap technology company Western Digital has moved 1.3% this evening, reaching $42.56 per share. In contrast, the average analyst target price for the stock is $45.13.
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. The company is based in the United States.
What to Consider if You Are Thinking of Buying Western Digital:
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Western Digital has moved -1443.4% over the last year.
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WDC has a forward P/E ratio of -25.0 based on its EPS guidance of -1.7.
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Over the last 4 years, earnings per share (EPS) have been growing at a compounded average rate of 4.3%.
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The company has a price to earnings growth (PEG) ratio of 0.59.
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Its Price to Book (P/B) ratio is 1.17
Western Digital Has Consistent Free Cash Flow
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cashflow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-08-25 | 1,880,000 | -1,107,000 | 2,987,000 | 2.96 |
| 2021-08-27 | 1,898,000 | -1,003,000 | 2,901,000 | 97.21 |
| 2020-08-28 | 824,000 | -647,000 | 1,471,000 | -36.15 |
| 2019-08-27 | 1,547,000 | -757,000 | 2,304,000 | n/a |
Western Digital's free cash flows are on average positive at $2.42 Billion, and display significant resilience over the last 4 years since their coefficient of variability is only 28.9% with a 6.7% growth rate.
