Western Digital expects third-quarter revenue below estimates on weak demand
Portfolio Pulse from
Western Digital Corp forecasts third-quarter revenue below Wall Street estimates due to decreased demand from cloud and corporate customers.
January 29, 2025 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Western Digital Corp has forecasted third-quarter revenue below Wall Street estimates, attributing this to weak demand from cloud and corporate customers.
The announcement of expected lower revenue is likely to negatively impact Western Digital's stock price in the short term as it signals weaker business performance. The specific mention of decreased demand from key sectors like cloud and corporate customers further emphasizes potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100