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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 17, 2014
09:00 EDTSNDKSanDisk rises 6.9%
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08:58 EDTSNDKOn The Fly: Pre-market movers
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07:48 EDTSNDKSanDisk price target raised to $95 from $90 at Jefferies
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05:44 EDTSNDKSanDisk price target raised to $125 from $85 at Credit Suisse
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05:18 EDTSNDKSanDisk assumed with an Overweight at Piper Jaffray
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April 16, 2014
18:55 EDTSNDKOn The Fly: After Hours Movers
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17:47 EDTSNDKSanDisk up 6.7% after reporting Q1 earnings, reaffirming guidance
17:23 EDTSNDKSanDisk sees FY14 revenue $6.4B-6.8B, consensus $6.66B
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17:21 EDTSNDKSanDisk sees Q2 gross margins 47%-49%
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17:18 EDTSNDKSanDisk sees Q2 revenue $1.55B-$1.63B, consensus $1.58B
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16:20 EDTSNDKSanDisk trades up after earnings, levels to watch
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16:05 EDTSNDKSanDisk reports Q1 EPS $1.44, consensus $1.25
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15:17 EDTSNDKNotable companies reporting after market close
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12:39 EDTSNDKEarnings Preview: SanDisk holding up well amid Nasdaq turbulence
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April 14, 2014
09:34 EDTSNDKSanDisk mentioned positively at Cleveland Research
April 11, 2014
14:29 EDTSNDKSanDisk April volatility elevated into Q1 and outlook
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12:42 EDTSNDKOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
09:22 EDTSNDKSanDisk not likely to meet Q1 consensus estimates, says BofA/Merrill
BofA/Merrill has concerns SanDisk will report a Q1 miss given weaker than seasonal NAND demand at Asian chipmakers and ASP erosion. The firm has bigger concerns of a Q2 miss given bullish consensus estimates adn potential for Asian chipmakers to be more aggressive in NAN price cuts due to excess inventories. Shares are Underperform rated.
06:08 EDTSNDKMemory suppliers look to bundle NAND flash sales with DRAM chips, DigiTimes says
Some memory device suppliers may be pushing sales of NAND flash chips with DRAM chips in an effort to easy the oversupply of NAND flash products, reports DigiTimes. According to market sources, the prices of NAND chips have continued to decline this year due to the capacity ramps from major companies. Reference Link
April 10, 2014
16:23 EDTSNDKSanDisk initiated with a Neutral at ISI Group
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