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Analysts change their predictions for Western Digital after the company’s strong first-quarter results.

ResultsRead the original at Benzinga
Good for WDC

Western Digital beat profit and sales estimates, and its next-quarter forecast was above analysts' estimates. Several analysts cut their price targets, though one raised his; the company's results and forecast carry more weight here.

WDC · Western Digital Corp.

AI read · Good for WDC

The AI's read

The results suggest more customers are buying Western Digital's products, and its own next-quarter forecast is above analysts' estimates. Sales rose from $2.82 billion to $4.38 billion compared with a year earlier. Some analysts cut their price targets, but one raised his. Those mixed opinions do not outweigh the company's higher sales and forecast.

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