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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:36 EDTSNDKEarnings Preview: SanDisk shares ride market rally into Q4 report
SanDisk (SNDK) is set to report Q4 earnings after the market close on Wednesday, January 23, with a conference call scheduled for 5:00 pm ET. SanDisk is a data storage solutions company that offers flash memory products in removable cards, embedded products, and USB drives... EXPECTATIONS: Analysts are looking for EPS of 76c on revenue of $1.53B, according to First Call. The consensus range for EPS 68c-90c on revenue of $1.5B-$1.59B... LAST QUARTER: SanDisk reported Q3 adjusted EPS of 48c against estimates for 33c on revenue of $1.27B against estimates for $1.22B. During its Q3 earnings call, SanDisk said it sees Q4 revenue of $1.5B, plus or minus $50M, and said it expects solid revenue growth in 2013. On December 20, SanDisk authorized an additional $750M share repurchase program, bringing the total amount authorized for stock repurchases under the company's current program to $1.25B... STREET RESEARCH: Street research has been generally positive on SanDisk since its Q3 earnings report, with shares receiving two upgrades the day after reporting Q3 earnings. Shares were upgraded last week to Buy from Hold at Cross Research. Shares were downgraded at RBC Capital in the week following its Q3 earnings report with a $50 price target. Shares were recommended at Lazard Capital, and then Morgan Stanley, in December and yesterday Jefferies raised their price target on shares to $59 from $51...PRICE ACTION: Shares of SanDisk traded lower following its Q3 report, but have climbed more than $4.50, or more than 10.5%, through December and into January. In afternoon trading ahead of today's Q4 report, SanDisk shares are down about 0.7%.
News For SNDK From The Last 14 Days
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April 15, 2015
17:16 EDTSNDKSanDisk says problems with embedded component product impacted Q1
The company says qualification delays for embedded component effected revenue in Q1 and will impact Q2.
17:12 EDTSNDKSanDisk no longer sees $1B in Enterprise sales for FY15
17:09 EDTSNDKSanDisk says reducing FY15 estimates for SAS product
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17:06 EDTSNDKSanDisk says financial performance over last two quarters 'unacceptable'
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16:08 EDTSNDKSanDisk says 'taking aggressive measures' to regain excellence
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16:06 EDTSNDKSanDisk reports Q1 adjusted gross margin 43%
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16:06 EDTSNDKSanDisk reports Q1 EPS 62c, consensus 66c
Reports Q1 revenue $1.33B, consensus $1.31B.
15:05 EDTSNDKEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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14:05 EDTSNDKSanDisk technical notes before earnings
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April 14, 2015
08:39 EDTSNDKSanDisk volatility elevated into Q1 and outlook
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April 13, 2015
06:01 EDTSNDKStocks with implied volatility below IV index mean; LL SNDK
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April 10, 2015
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 6, 2015
16:17 EDTSNDKOn The Fly: Closing Wrap
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15:58 EDTSNDKNeedham says an acquisition of SanDisk is unlikely
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13:35 EDTSNDKSanDisk 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 EDTSNDKWestern 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 EDTSNDKWestern 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.
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