Western Digital Bets on Flash Data Storage Devices

Ned Piplovic

Western Digital

Western Digital Corporation (NASDAQ:WDC) is betting big on reducing the size of flash drive devices to save users money,  according to Zacks Equity Reseach.

The rapidly increasing demand for file storage could be a significant driver of revenue and profits in the foreseeable future for the companies such as Western Digital that provide it. If Western Digital’s leadership is correct, the company could have a head start on the competition, which may lift the company’s stock price from its current slump of the past 90 days.

The Western Digital Corporation used the opening of the Consumer Electronics Show 2018 (CES) in Las Vegas to unveil its latest innovation to profit from exponential data and content growth, as well as the need for faster and more efficient storage media. Western Digital introduced its new line of high performance portable flash storage drives and Solid State Discs (SSDs). Because SSDs have no mechanical or moving parts like traditional “hard drive” storage devices, SSDs have faster data access speeds, are exponentially less prone to failures and last much longer than conventional hard drives.

These new additions to Western Digital’s product lineup should help the company solidify its leadership and potentially gain market share in a the global SSD product category, which TechNavio projects will grow at a 17% average annual growth rate between 2016 and 2020.

In addition to Western Digital Corporation’s share price pulling back, the company broke its streak of raising its annual dividend payout to its shareholders. The company has paid the same flat $0.50 quarterly dividend for 12 consecutive quarters.

Exclusive  Eagle Eye Opener: Presidential Election; Big Fines for HSBC

A positive consumer response to Western Digital’s new product lines should generate enough earnings to get the share price moving again on an uptrend and for the company to resume boosting its annual dividend distributions.

 

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Investors interested in cryptocurrencies should beware of the 20% drop of Ripple, an alternative to Bitcoin. Observers increasingly are questioning the value of various cryptocurrencies, and the 20% plunge in Ripple on Jan. 8 shows that significant risk exists. Those who seek to profit quickly by investing in cryptocurrencies need to do so with caution. Because of the significant price drop, Ripp

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen publishes 5 different investment newsletter advisories, including the award-winning Forecasts & Strategies, which has beaten the market over the last 15 years.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays. Bryan's four newsletter and trading services include:

Product Details

LEARN MORE HERE

Jim Woods

A 20-plus-year veteran of the markets, Jim Woods has varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.

Product Details

LEARN MORE HERE

Bob Carlson

In Bob's monthly newsletter, Retirement Watch, he provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE