Western Digital Shares Climb on Strong Guidance

Western Digital  (WDC) - Get Report was higher Wednesday after the data-storage manufacturer boosted its outlook for its first-quarter earnings to a range of $1.00 to $1.05, that's at least a dime higher than the top-end of previous guidance. The company also cited a 'better-than-expected product mix' for the company's improved forecasts and lifted its first-quarter sales guidance to a range of between $4.45 billion and $4.55 billion, that's up $500 million from the company's previously offered range. And, Jim Cramer recently said Western Digital, as well as industry peer Seagate (STX) - Get Report , now could be potential takeover targets at 'a nice premium to current prices.'

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