Western Digital Corporation (NASDAQ: WDC) stock observed trading -19.55% off 52-week high price. On the other end, the stock has been noted 55.31% away from low price over the last 52-weeks. The stock disclosed a move of -11.28% away from 50 day moving average and 2.43% away from 200 day moving average. Moving closer, we can see that shares have been trading -8.40% off 20-day moving average. It has market cap of $15983.19M and dividend yield of 3.81%.
Western Digital Corp. (WDC) recently stated revenue of $4.0B for its first fiscal quarter ended October 4, 2019. The operating loss was $129M with a net loss of $276M, or ($0.93) per share. Not Including certain non-GAAP adjustments, the company achieved non-GAAP operating income of $235M and non-GAAP net income of $101M, or $0.34 per share.
In the year-before quarter, the company stated revenue of $5.0B, operating income of $686M and net income of $511M, or $1.71 per share. Non-GAAP operating income in the year-before quarter was $1.1B and non-GAAP net income was $906M, or $3.04 per share. The company’s first fiscal quarter of 2020 was a 14-week fiscal quarter, contrast to a 13-week fiscal quarter for the year-before quarter.
The company generated $253M in cash from operations during the first fiscal quarter of 2020, and ended the quarter with $3.2B of total cash and cash equivalents. The company returned $147M to shareholders through dividends and used $319M to reduce debt. On August 7, 2019, the company reported a cash dividend of $0.50 per share of its ordinary stock, which was paid to shareholders on October 22, 2019.
“Fiscal year 2020 is off to a good start. The continued success of our capacity enterprise drives for the data center was the primary driver of the upside we experienced in the fiscal first quarter,” stated Steve Milligan, chief executive officer, Western Digital. “The overall demand environment remains solid. We continue to believe the flash industry has passed a cyclical trough, with improving trends across our flash product portfolio. With a broad and growing product portfolio, Western Digital remains well positioned to benefit from the long-term drivers of the growth and value of data.”
The USA based company Western Digital Corporation moved with change of 1.06% to $52.54 with the total traded volume of 4187201 shares in recent session versus to an average volume of 4294.38K. The stock was observed in the 5 days activity at -2.96%. The one-month performance of stock was -11.37%. WDC’s shares are at -3.47% for the quarter and driving a 14.89% return over the course of the past year and is now at 42.12% since this point in 2018. Right now, the stock beta is 1.82. The average volatility for the week and month was at 2.54% and 3.14% respectively. There are 304.21M shares outstanding and 296.28M shares are floated in market.