Western Digital Corp
WDC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Qsnyj | Szycthmh |
We Expect a Rebound to Follow a Weak Second Fiscal Half for Western Digital; Maintain $70 FVE
We’re maintaining our $70 fair value estimate for Western Digital shares after the company reported solid second-quarter results, but guided for a weaker back half to the fiscal year. Shares fell 8% in after-hours trading due to guidance for a sequential decline in the fiscal third quarter relating to ongoing supply constraints, but we were already expecting a slowdown, and guidance matched our prior forecast.