Benchmark downgrades Western Digital on growing FY25 concerns

Investing.com12-20

Investing.com -- Benchmark analysts cut Western Digital Corp (NASDAQ:WDC). to Hold on Thursday, citing mounting challenges that could impact the company’s fiscal 2025 performance. The firm highlights...

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The company’s projected fiscal Q2 EPS range of $1.33 to $1.53 fell short of the consensus estimate of $1.97, and its sales forecast of $7.7 billion to $8.1 billion was well below expectations of $8.97 billion. \nAdditionally, Micron anticipates its NAND inventories will increase despite supply and capital expenditure reductions.\nWestern Digital’s market share has also suffered, declining from the mid-teens to 10.5% over the past three quarters. Benchmark attributes this drop to the company’s concentration in consumer markets, which Micron does not expect to recover until late 2025.\nWith these challenges in mind, Benchmark has adopted a more cautious stance, stating, “Growing FY25 concerns take us to Hold.”\nRelated Articles\nBenchmark downgrades Western Digital on growing FY25 concerns\nTaiwan's China Airlines splits $12-billion jet deal between Boeing and Airbus\n25 US stocks for 2025: UBS's highest conviction calls","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492021041"}