Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $54.29, above its previous 52-week high of $53.75 with 151,614 shares traded as of 9:35 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.
Western Digital has a market cap of $12.16 billion and is part of the technology sector and computer hardware industry. Shares are up 18.9% year to date as of the close of trading on Tuesday.
Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. The company has a P/E ratio of six, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Western Digital as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
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