Western Digital (WDC) has been named a Zacks Rank #1 (Strong Buy) growth stock following a 17.4% increase in earnings estimates and strong fiscal Q2 results. The company’s performance is fueled by AI-driven storage demand and hyperscaler partnerships, contributing to a 64.9% year-to-date rally.
- Fiscal Q2 revenue hit $3.02 billion (+25% YoY) with non-GAAP EPS of $2.13, while Q3 guidance was raised to $3.2 billion.
- Shares closed at $281.58 on February 13 and traded at $281.40 after-hours, reflecting a period of consolidation.