Western Digital Already 4% Up, Almost Three Hours Before The NASDAQ Open

(VIANEWS) – The NASDAQ opens in less than three hours and Western Digital‘s pre-market value is already 4.67% up.

Western Digital’s last close was $35.15, 44.44% below its 52-week high of $63.26.

The last session, NASDAQ finished with Western Digital (WDC) rising 0.26% to $35.15. NASDAQ jumped 0.76% to $12,087.96, following the last session’s upward trend on what was a somewhat bullish trend trading session.

About Western Digital

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. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, on-line transactions, data analysis, and other enterprise applications; drives are used for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the Western Digital, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

Earnings Per Share

As for profitability, Western Digital has a trailing twelve months EPS of $1.14.

PE Ratio

Western Digital has a trailing twelve months price to earnings ratio of 30.75. Meaning, the purchaser of the share is investing $30.75 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -0.77%.

Yearly Top and Bottom Value

Western Digital’s stock is valued at $35.15 at 06:56 EST, way under its 52-week high of $63.26 and way higher than its 52-week low of $29.73.

Moving Average

Western Digital’s worth is way below its 50-day moving average of $39.35 and way below its 200-day moving average of $39.64.

Sales Growth

Western Digital’s sales growth is negative 38% for the current quarter and negative 35.3% for the next.

Volume

Today’s last reported volume for Western Digital is 4669653 which is 8.05% above its average volume of 4314010.

More news about Western Digital (WDC).

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