Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC)
jumped 9.9% in the afternoon session after the company posted strong fourth-quarter fiscal 2025 results that beat Wall Street estimates. The company's revenue jumped 30% year-over-year to $2.61 billion, while its earnings per share reached $1.66. This performance stemmed from strong demand for high-capacity storage, especially in its Cloud segment, which saw revenues climb 36%. The growth reflected surging needs from cloud computing and generative AI applications. Adding to the positive news, the company introduced a new quarterly dividend and announced a $2 billion share repurchase program. Consequently, several Wall Street analysts raised their price targets on the stock.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
Western Digital shares are rising in extended trading Wednesday after the company reported better-than-expected financial results and issued strong guidance.
Leading data storage manufacturer Western Digital (NASDAQ: WDC) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 30% year on year to $2.61 billion. Its non-GAAP profit of $1.66 per share was 12.1% above analysts’ consensus estimates.
After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable S&P500 performers among the top gainers and losers.
After the conclusion of the US market's regular session on Tuesday, let's examine the after-hours session and unveil the notable S&P500 performers among the top gainers and losers.
Leading data storage manufacturer Western Digital (NASDAQ: WDC)
will be reporting earnings this Wednesday after market close. Here’s what investors should know.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Friday. Below you can find the top S&P500 gainers and losers in today's session.
BofA Securities analyst predicts AI to drive server market growth over next six years, benefiting Dell and HP. AI server revenues to outpace overall market's growth.
