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April 1, 2014
10:20 EDTCVLT, WDC, FIO, SNDK, STXData 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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April 14, 2015
06:25 EDTSTXSeagate upgraded to Neutral from Underperform at BofA/Merrill
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April 13, 2015
08:30 EDTCVLTCommVault business appears to be stabilizing, says BMO Capital
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07:24 EDTWDCWestern Digital added to Franchise Pick List at Jefferies
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06:01 EDTSNDKStocks with implied volatility below IV index mean; LL SNDK
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April 12, 2015
16:46 EDTSTXIntel, Seagate may rise despite potentially weak earnings reports, Barron's says
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April 10, 2015
07:23 EDTSTXSeagate April volatility elevated into Q3 and outlook
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05:54 EDTSNDKStocks with implied volatility below IV index mean; LL SNDK
Stocks with implied volatility below IV index mean; Lumber Liquidators (LL) 72, SanDisk (SNDK) 40 according to iVolatility.
April 9, 2015
18:11 EDTSTXWorldwide PC shipments decline 6.7% in Q1, IDC says
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April 7, 2015
15:03 EDTSTXSeagate April volatility elevated
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09:35 EDTSTXActive equity options trading on open
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08:06 EDTSTXSeagate says LaCie doubles capacity of Rugged Thunderbolt SSD
LaCie, the premium brand from Seagate Technology, announced that its Rugged Thunderbolt storage solution will be available in a 1 TB SSD capacity. With double the storage, the new LaCie Rugged is just as portable with no size or weight increase compared to the 500 GB offering.
April 6, 2015
16:17 EDTSNDKOn The Fly: Closing Wrap
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15:58 EDTWDC, SNDKNeedham says an acquisition of SanDisk is unlikely
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13:35 EDTSNDK, STX, WDCSanDisk climbs after being identified as 'excellent' takeover target
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12:04 EDTSNDKStocks with call strike movement; SNDK AMAT
SanDisk (SNDK) July 75 call option implied volatility increased 2% to 36, Applied Materials (AMAT) October 26 call option implied volatility increased 5% to 36 according to IVolatility.
11:10 EDTSNDKSanDisk trades up, levels to watch
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10:58 EDTSNDK, WDCWestern Digital calls active on SanDisk speculation.
Western Digital (WDC) May 92 and 97 are active on 2,500 contracts versus 200 puts following a report by Susquehanna that speculates the company should consider an acquisition of SanDisk (SNDK). The firm believes Western Digital acquiring SanDisk's NAND supply and flash IP would be a transformational move for the company and a 35% premium, or $86 per share, purchase price for SanDisk would be accretive by year two.
08:33 EDTSNDK, WDCWestern Digital acquisition of SanDisk would be compelling, says Susquehanna
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08:11 EDTSNDKSanDisk an excellent takeover candidate, says Bernstein
Noting that SanDisk's stock has tumbled 40% from its high and 35% so far this year, Bernstein says the stock is now trading about 40% below its replacement value. The firm says the company is an excellent takeover target at these levels, since acquiring it would be far cheaper than building fabs organically. The firm adds that it believes that activist investors have become more interested in pushing for change at the company. Bernstein keeps a $100 price and Outperform rating on the shares.
April 5, 2015
08:43 EDTSTXAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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