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News Breaks
April 1, 2014
10:20 EDTSNDK, WDC, STX, FIO, CVLTData vendors could benefit from cloud expansion, Pac Crest says
Suppliers of data storage products - including SanDisk (SNDK), Western Digital (WDC) and Seagate (STX) - could benefit from increased spending on cloud storage, research firm Pacific Crest contended. WHAT'S NEW: Recent price cuts by companies that provide cloud storage indicate that these companies are looking to add many new customers, Pacific Crest wrote in a note to investors earlier today. Companies that supply products used by these cloud storage providers could benefit from this trend, the analyst said. Among the suppliers that Pacific Crest thinks could benefit are Western Digital and Seagate, which provide network storage devices. Other companies that could benefit from increased cloud storage sales, according to the firm, are SanDisk, which provides flash memory storage products. Fusion-io (FIO), which provides solutions that accelerate databases and cloud computing, and CommVault (CVLT), which develops data and information management software. Pacific Crest recommended that investors buy all the stocks named. PRICE ACTION: In early trading, SanDisk rose 2% to $82.80, Western Digital gained 1.2% to $93, Seagate climbed 1.4% to $57, Fusion-io advanced 2.2% to $10.75, and CommVault added 1.75% to $66.
News For SNDK;WDC;STX;FIO;CVLT From The Last 14 Days
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July 16, 2014
06:56 EDTSNDKSanDisk volatility increases into Q2 and outlook
SanDisk July call option implied volatility is at 79, August is at 38, October is at 34; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement in the expected release of Q2 results after the market close on July 16.
06:16 EDTSNDKSanDisk partners with Rockchip for iNAND solutions, DigiTimes reports
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06:06 EDTWDCWestern Digital upgraded to Outperform from Neutral at RW Baird
July 15, 2014
15:45 EDTSNDKSanDisk technical comments ahead of earnings
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10:00 EDTWDC, STXOn The Fly: Analyst Initiation Summary
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09:05 EDTSNDKSanDisk to benefit from Amazon use of flash storage, says Pacific Crest
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07:24 EDTCVLTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
July 14, 2014
16:40 EDTWDCWestern Digital initiated with a Positive at Susquehanna
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16:39 EDTSTXSeagate initiated with a Positive at Susquehanna
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15:38 EDTSNDKSanDisk July volatility increases into Q2 and outlook
SanDisk July call option implied volatility is at 64, August is at 37, October is at 34; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement in the expected release of Q2 results after the market close on July 16.
11:21 EDTWDCWestern Digital added to short-term buy list at Deutsche Bank
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08:34 EDTWDC, STXPC market stability could be short-lived, Reuters says
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07:31 EDTSNDKSanDisk price target raised to $114 from $95 at Stifel
Stifel raised its price target on SanDisk as the firm expects the company's June quarter results to beat consensus estimates. The firm predicts that SanDisk's guidance for its September quarter may also beat expectations. Stifel believes that demand is shifting towards SanDisk's high valued products, and it keeps a Buy rating.
06:59 EDTWDCWestern Digital price target raised to $118 from $100 at Deutsche Bank
Deutsche Bank raised its price target for Western Digital shares to $118 on expectations PC market strength will continue and that enterprise will recover in the second half of 2014. Deutsche expects Western Digital to report June quarter results above guidance due to market share gains and it keeps a Buy rating on the stock.
06:57 EDTSTXSeagate price target raised to $74 from $64 at Deutsche Bank
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July 11, 2014
09:31 EDTSNDKSanDisk mentioned cautiously at ITG Research
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09:25 EDTSNDKSanDisk remains a favorite idea at Cleveland Research
Cleveland Research continues to see upside to consensus estimates for SanDisk through 2015. The firm said demand exceeds supply, allowing SanDisk to maximize balanced profitability. Shares are Buy rated.
09:14 EDTSNDKSanDisk has several positive catalysts, says Sterne Agee
Sterne Agee expects SanDisk (SNDK) to benefit from several developments, including a strengthening high margin retail market and new Apple (AAPL) products that will include embedded MCP and SSDs. The firm expects SanDisk to report solid June quarter results and guide to a stronger September quarter. It keeps a Buy rating.
08:49 EDTWDC, STXJune CIO survey indicates strong 2H, says Morgan Stanley
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07:08 EDTSNDKSanDisk July volatility elevated at 58 into Q2 and outlook
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