Report
Timothy Feeney
EUR 147.86 For Business Accounts Only

Western Digital Reports Optimistic Outlook at Analyst Day; Raising Our FVE to $62

Western Digital provided a more positive outlook at the
analyst day as management described a variety of key themes impacting the
operating environment going forward while announcing the resolution of some
hurdles that were affecting the short-term revenue outlook. Management also
highlighted its steadfast focus on penetrating the data center customer base
with Western Digital’s capacity enterprise HDDs, reaffirming our investment
thesis as we think the growth area is truly capacity enterprise H...
Underlying
Western Digital Corporation

Western Digital is a developer, manufacturer, and provider of data storage devices and solutions. The company's portfolio of technology and products address the following markets: Client Devices, which consist of hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, flash-based embedded storage products, and flash-based memory wafers and components; Data Center Devices and Solutions, which consist of enterprise HDDs and enterprise SSDs, data center software and system solutions; and Client Solutions, which consist of HDDs and SSDs embedded into external storage products and removable flash-based products, such as cards, universal serial bus flash drives and wireless drives.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Timothy Feeney

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch