Western digital analysts increase their expectations after optimistic profits – Western Digital (Nasdaq: WDC)

Western Digital Corp WDC Financial results were reported in the third quarter of expected on Wednesday.

The company told the arrow’s profitability of $ 1.36, as it tops the estimated consensus of the analyst of $ 1.13. Its quarterly sales of $ 2.29 billion decreased by 33.6 % on an annual basis and absent from an estimate of a consensus of $ 2.36 billion.

“Even in a world characterized by geopolitical uncertainty and tariff dynamics, there is still one fixed thing: the databases. When it comes to storing these data, on a large scale, technology does not compete to meet cost efficiency and reliability of HDDs.

Western Digital said it expects the arrow profit in the first quarter from 1.25 to $ 1.65 for estimating the consensus of the analyst of $ 1.16. A quarterly revenue of 2.30 billion dollars – $ 2.60 billion is expected to estimate the consensus of an analyst worth $ 2.39 billion. The company expects a total rate of 40.0 %- 41.0 %.

Western Digital shares gained 8 % to close at $ 43.86 on Wednesday.

These analysts have made changes to their price goals on the Western digital profits.

• Rosenblatt Kevin Cassidy analyst kept Western Digital with the purchase and raising of the target price from $ 50 to $ 53.
• JP Morgan Harn Sur upgraded Western Digital from neutral to weight gain and raised the target price from $ 45 to $ 57.

Consider buying WDC shares? This is what analysts believe: