The latest update is out from Western Digital ( (WDC) ).
On February 21, 2025, Western Digital completed the separation of its Flash business into a new independent company, Sandisk Corporation, which now trades on the Nasdaq under the symbol ‘SNDK’. This strategic move means Western Digital will no longer consolidate Sandisk’s financial results, and historical results will be reported as discontinued operations starting in the third quarter of fiscal 2025, impacting the company’s financial reporting and potentially its market positioning.
Spark’s Take on WDC Stock
According to Spark, TipRanks’ AI Analyst, WDC is a Neutral.
Western Digital shows positive strides in financial recovery, particularly in the HDD segment, which has driven revenue growth and record shipments. However, past financial volatility and current challenges in the Flash segment, including pricing pressure and a decline in revenue outlook, pose risks. Technical analysis indicates mixed signals with a slight caution advised. Despite these challenges, the stock’s valuation appears reasonable, providing some support to investors seeking growth potential.
To see Spark’s full report on WDC stock, click here.
More about Western Digital
Western Digital Corporation operates in the data storage industry, primarily providing hard drives and solid-state drives for various applications, including personal computing and data centers.
YTD Price Performance: -32.22%
Average Trading Volume: 7,932,202
Technical Sentiment Signal: Strong Buy
Current Market Cap: $10.62B
For a thorough assessment of WDC stock, go to TipRanks’ Stock Analysis page.