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Morning Momentum: Western Digital Corporation, (WDC)

Friday February 24th 2017: Western Digital Corporation, WDC is in the exchange NASDAQ and its industry is Data Storage Devices in the sector of Technology. Based in USA, Western Digital Corporation, WDC  has a market cap of 27.03 B. Since its IPO date on the 01/02/1987, Western Digital Corporation, WDC performance year to date is 38.98%. Today Western Digital Corporation, WDC has gained 1.77%, with a current price of 94.44.

Ownership of the company is 0.20% for insider ownership while institutional ownership is 84.90%. The management of the company have seen the company have a payout ratio of *TBA. Return of assets are at -0.80%, with return on investment at 2.00%.

In terms of debt levels and profit levels, Western Digital Corporation, WDC is seeing a long-term debt/equity of 1.17. While Total debt/equity is 1.19. With a profit margin of -1.40%, this is combined with a gross margin of 29.40%, and operating margin of 6.20%. Western Digital Corporation ability to meet debt levels, with a current ratio of 2.4, while the quick ratio is 1.9.

For the last year Western Digital Corporation, WDC has seen a EPS growth of -83.80%. A performance for the year of 82.49%. The 52-week high is -1.12%, and the 52-week low is 119.17%. The average volume for Western Digital Corporation, WDC is 3471195.

With a target price of 113.12, can Western Digital Corporation, WDC reach this target? Looking at the value indicators of Western Digital Corporation, WDC. Western Digital Corporation has a P/E of *TBA and a forward P/E of 7.73. Perhaps the more useful indicator than P/E, is PEG which has a value of *TBA. Western Digital Corporation also has a P/S and a P/B of 1.52 and 2.47 respectively. For P/cash, Western Digital Corporation has a value of 4.76, while it is 15.86 for P/free cash flow.

At the current price of 94.44, Western Digital Corporation has a dividend yield of 2.12%. We see a return on equity of -2.30%.

Looking more long-term Western Digital Corporation, is projected to get an EPS growth for the next five years of 26.12%. In the short-term an EPS growth of 35.44% in the next year is forecasted. This is after a EPS growth of -83.80% for this year and for the last five years a -20.20% growth has been seen.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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