Western Digital shares are trading lower despite reporting better-than-expected Q4 financial results, issuing Q1 adjusted EPS guidance above

Western Digital shares are trading lower despite reporting better-than-expected Q4 financial results, issuing Q1 adjusted EPS guidance above estimates and sales guidance with its midpoint above estimates. Rosenblatt lowered its price target from $900 to $800, and some profit taking may be in motion after year-to-date gains of almost 290%