Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions based on both hard disk drive and NAND flash technologies. Co. manufactures, markets, and sells data storage devices and solutions in the U.S. and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. It manages and reports under two segments: hard disk drives (HDD) and flash-based products (Flash). Its portfolio of technology and products addresses multiple end markets: Cloud, Client and Consumer. Cloud is comprised primarily of products for public or private cloud environments and end customers. We show 64 historical shares outstanding datapoints in our WDC shares outstanding history coverage, used to compute WDC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WDC market cap history over the course of time is important for investors
interested in comparing WDC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WDC versus a peer is one thing; comparing
WDC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WDC can fluctuate over the course of history.
With this page we aim to empower investors researching WDC by allowing them to research the WDC market cap history. |
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Video: The Importance of Market Cap
