Fox Business - The Power to Prosper
Search Site

Western Digital

Related Topics

  1. All Things Digital
  2. Seagate Technology
  3. SanDisk
  4. Broadcom
  5. News Corporation
  6. Intel
Get updates on Western Digital
Tread Carefully With ETFs With Hard Disk Drive Exposure

It is tough to malign hard disk drive makers such as Seagate Technology (NYSE:STX) and Western Digital (NYSE:WDC).Year-to-date, Seagate is up 26 percent while Western Digital has surged over 33 percent. By comparison, the PowerShares QQQ (NASDAQ:QQQ) is up "just" 8.8 percent. Still, some analysts are not overly enthused with the outlook for hard disk drive makers."Worldwide HDD shipments declined for the second consecutive year in 2012, but for only the third time since 2001," said S&P Capital IQ in a new research note. "According to independent firm IDC (as of April 2013), assuming the PC market can rebound in the second half, shipments should grow by 2.2% in 2013 and at a compound annual rate of 2.1% for 2012 to 2017. Given a modest pricing decline, IDC predicts hard disk drive revenue to decline at a 0.6%compounded annual growth rate (CAGR) from 2012 to 2017."The culprit behind waning HDD demand, as S&P sees it, is increased demand for tablets."We think lower HDD shipments going for...

Read More ›

  1. Investing in Stocks Others Hate

    Global Financial Private Capital CIO Chris Bertelsen on strategies for choosing stocks.

  2. Hitachi's Quarterly Profit Falls

    Japanese electronics conglomerate Hitachi Ltd. (6501.TO) said Monday its quarterly net profit fell sharply from a year earlier as factors such as weakness at its con...

  3. Apple Lifts Veil on Far-Flung Supply Chain, Exposes Flaws

    Your iPhone is probably better-traveled than you are. Apple for the first time gave the world a glimpse inside its global supply chain, exposing at once its vast exp...

  4. Sandisk 4Q Earnings Top Estimates

    FBN’s Adam Shapiro breaks down Sandisk’s fourth-quarter earnings results.

  5. Western Digital Posts Higher Profit, Sales

    Western Digital Corp. on Wednesday reported a fiscal second-quarter profit of $335 million, or $1.36 a share, compared with a profit of $145 million or 61 cents a sh...

  6. Market Wrap for Tuesday, January 22: Stocks Climb, Close Near Session Highs

    The U.S. stock market grinded higher on Tuesday, closing the day near session highs. Investors are currently enjoying a strong start to the year as volatility has be...

  7. TECH STOCKS: Facebook, LinkedIn Rise, But Apple Slips

    Technology stocks edged higher Wednesday, led by shares of social-networking giants LinkedIn Corp. and Facebook Inc.Facebook (FB) rose 5.3% to close at $30.59, closi...

  8. Seagate Shares Rise 4% On Strong Quarterly Sales

    The leading hard-disk drive makers saw their shares rise Wednesday after Seagate Technology issued better-than-expected sales results for the December quarter. Late ...

  9. Analysis: Fiscal crisis seen hurting tech earnings

    Warning to investors: major U.S. technology companies could miss estimates for fourth-quarter earnings as "fiscal cliff" worries likely led some corporate clients to...

  10. General Motors Hits Annual High

    FBN’s Lauren Simonetti breaks down the day in the markets.

  11. Apple, JPMorgan among Barron's top 10 picks for 2013

    Corporate giants Apple , JPMorgan Chase and Royal Dutch Shell all made it into Barron's top 10 stock picks for 2013, the financial weekly reported on Sunday.Barnes &...

  12. TECH STOCKS: Apple Weighs Down Techs; Pandora Sinks

    ? Tech stocks were weaker in afternoon trading Wednesday, with Pandora Media and Tibco Software slammed on disappointing outlooks, and Apple Inc. on pace for its thi...

  1. TECH STOCKS: Tech Stocks Follow Apple, Microsoft North

    Tech stocks began the week on an upbeat note Monday with Apple Inc., Microsoft Corp. and Facebook Inc. among the bellwethers giving the sector a boost.Apple (AAPL) s...

  2. TECH STOCKS: Apple, Microsoft, Google Lead Tech Gains

    Most leading tech stocks rose on Monday, with gains from Apple Inc., Microsoft Corp. and Facebook Inc. helping the sector begin the week on an upbeat note.Apple (AAP...

  3. TECH STOCKS: Apple, Microsoft Head Up Tech Gains

    Most leading tech stocks rose on Monday, with gains from Apple Inc., Microsoft Corp. and Facebook Inc. helping the sector begin the week on an upbeat note.Apple (AAP...

  4. Western Digital's Earnings, Sales Top Estimates

    Western Digital Corp. on Wednesday reported a fiscal third-quarter profit of $391 million, or $1.60 a share, on revenue of $3.8 billion. During the same period a yea...

  5. Market Wrap for Tuesday, March 26: Stocks Recoup Monday's Losses; Dow Adds 112

    Investors pushed the major averages higher on Tuesday a day after the market fell in the wake of a bailout for Cyprus.Sentiment was boosted by a series of economic r...

  6. ETFs Loaded With Low Price-to-Cash-Flow Ratios

    A favorite tool of value investors, the price-to-cash-flow is a gauge of the market's beliefs in a company's future financial health. Uses as an indicator of relativ...

  7. Apple Could be Headed to Tech Dividend ETF

    Apple (NASDAQ:AAPL), still the largest company by market value listed on the Nasdaq, does not have a storied dividend history. However, the $2.65 per share quarterly...

‹ Prev12345Next ›
Freebase CC-BY
Source: Western Digital on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL