Western Digital Q1: Higher Profits and a Seemingly Endless Legal Fight
Western Digital (NASDAQ: WDC) released results for its inaugural quarter of fiscal 2018 on Oct. 26, and they were encouraging, even if the top- and bottom-line beats weren't overpowering. The computer storage specialist also provided an update about its ongoing legal dispute with business partner Toshiba (NASDAQOTH: TOSBF).
It seems that the market expected better, though. The company's shares fell slightly in after-hours trading following the unveiling of the results, though as of market close Oct. 31, shares were back to about where they were before earnings were reported. Let's look at how Western Digital did in the quarter.
Image source: Western Digital.
Source: Fool.com
Western Digital Corp. Stock
€57.84
3.850%
The stock is one of the favorites of our community with 44 Buy predictions and 1 Sell predictions.
As a result the target price of 79 € shows a positive potential of 36.58% compared to the current price of 57.84 € for Western Digital Corp..
