Western Digital Corp. Stock
Pros and Cons of Western Digital Corp. in the next few years
Performance of Western Digital Corp. vs. its peers
|Western Digital Corp.||0.740%||-2.294%||19.980%||-35.022%||24.300%||-15.154%||-50.151%|
|Hewlett Packard Enterprise Co||2.210%||-2.265%||9.528%||-0.334%||-5.530%||42.603%||2.823%|
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Upon examining the financials of Western Digital (WDC) in the Computers, Phones & Household Electronics industry, it is apparent that the company has experienced some fluctuation in its financial performance in recent years. The overall impression of the company's financials suggests a mixed outlook, with some aspects showing growth and improvements, while others indicate potential concerns.
Increasing Revenue: Western Digital's annual revenue has shown a growth, rising from $16.736 billion in 2020 to $18.793 billion in 2022. This growth indicates a boost in the company's sales, which can positively impact its overall financial health.
Growth in Gross Profit: The company's gross profit has shown a positive incline, increasing from $3.78 billion in 2020 to $5.87 billion in 2022. An increase in the gross profit suggests that Western Digital's profitability is improving.