Western Digital (WDC, Financial) experienced a significant stock drop of 5.01%, trading at $66.40 per share with a volume of 1.826 million shares. Financial reports reveal an operating income of $4.095 billion and a net profit of $493 million, with earnings per share at $1.40. The company's market P/E ratio stands at 73.01. Analyst ratings show that 77% recommend buying, while 23% suggest holding, with no sell recommendations.
In the computer hardware sector, which saw an overall increase of 0.18%, related stocks like 3D Systems, Canaan, and Stratasys showed notable gains. Western Digital is a major data storage solutions provider, dominating the hard disk market alongside Seagate and leading in NAND flash chip production through a joint venture with Kioxia.
