Company Of The Day: Western Digital
What?
Western Digital (NASDAQ:WDC) is reportedly in advanced talks to merge with Kioxia, a Japan-based NAND flash-memory producer. The deal could be valued at around $20 billion, per a report from Reuters.
Why?
- Should You Pick Western Digital Stock At $65 After 25% Gains This Year?
- After Rising Over 30% In 2023 Is This Casino Stock A Better Pick Over Western Digital Stock?
- Which Is A Better Pick – Western Digital Stock Or Expedia?
- Will Western Digital Stock Rebound To Its Pre-Inflation Shock Highs?
- Will Western Digital Stock See Higher Levels After A 20% Rise This Year?
- Western Digital Stock Set For Bounce After Weak Post-Earnings Performance?
NAND is a commodity business, and greater scale is valuable from the standpoint of pricing power and cost management. That said, it remains to be seen if a potential deal will be approved by regulators.
So What?
Investors appear to like the prospects of a merger. Western Digital stock was up almost 8% in Wednesday’s trading.
See Our Complete Analysis For Western Digital
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams