Western Digital rises as Q4 forecasts above estimates

Data storage products maker Western Digital Corp's WDC.O shares rise 3.8% to $42.17 after co forecasts upbeat quarterly results on cloud computing demand

Co forecasts Q4 revenue of $2.45 bln and adj. EPS outlook of $1.45, compared with Wall Street estimates for revenue of $2.38 bln and $1.16 profit/share - data compiled by LSEG

Co posts Q3 revenue of $2.29 bln vs analysts' expectations of $2.35 bln

Western Digital adopts quarterly cash dividend program; declares dividend of 10 cents/shr

Nineteen out of 25 analysts rate share as "buy" or higher, 6 "hold"; median PT is $57.66

WDC down 9.9% YTD vs S&P information technology index's .SPLRCT decline of 11.8%