Western Digital Shares Jump Despite Revenue Miss, Ready To Spin Off NAND Business: Q4 Guidance 'Much Better Than Feared,' Analyst Says
Portfolio Pulse from Priya Nigam
Western Digital's shares rose despite missing revenue expectations, driven by strong earnings and positive future guidance. Analysts maintained positive ratings and increased price targets, highlighting the company's strong data center performance and upcoming NAND business spin-off.

October 25, 2024 | 3:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Western Digital's shares rose due to strong earnings and positive future guidance, despite missing revenue expectations. Analysts maintained positive ratings and increased price targets, highlighting strong data center performance and the upcoming NAND business spin-off.
Western Digital's earnings exceeded expectations, and future guidance was better than feared, leading to a positive market reaction. Analysts maintained positive ratings and increased price targets, indicating confidence in the company's future performance. The upcoming NAND business spin-off adds further potential value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100