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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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March 26, 2015
17:08 EDTSNDKSanDisk downgraded to Hold from Buy at Evercore ISI
Evercore downgraded SanDisk to Hold and lowered its price target on the company to $68 after SanDisk's second negative pre-announcement of the quarter. SanDisk was also downgraded earlier today by Goldman Sachs, BofA/Merrill, and BTIG.
16:20 EDTSNDKOn The Fly: Closing Wrap
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14:53 EDTSNDKSanDisk still has risk following another pre-announcment, says Nomura
Nomura still sees risk to SanDisk's valuation following another pre-announcement. The firm sees share pressure from a number of different ways and believes shares could trade down to the $55-$60 price target. Shares are rated Reduce by the firm.
14:17 EDTSNDKSanDisk downgraded to Buy from Conviction Buy at Goldman
Goldman Sachs downgraded SanDisk to Buy citing poor execution after the company cut its revenue outlook.
12:27 EDTSNDKOn The Fly: Midday Wrap
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11:57 EDTSNDKSanDisk weakness likely company specific, says Piper Jaffray
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10:34 EDTSNDKSanDisk downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded SanDisk to Neutral with a $85 price target due to the unexpected guidance cut.
10:04 EDTSNDKOn The Fly: Analyst Downgrade Summary
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09:49 EDTSNDKSanDisk tumbles after cutting outlook, bearish pattern active, levels to watch
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09:23 EDTSNDKOn The Fly: Pre-market Movers
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08:43 EDTSNDKSanDisk downgraded to Neutral from Buy at BTIG
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08:26 EDTSNDKSemi stocks less likely to rebound now than in 4Q14, says Goldman
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08:06 EDTSNDKSanDisk volatility elevated into lower forecast
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07:15 EDTSNDKNetlist comments on jury verdict from Northern District Court of California
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07:00 EDTSNDKSanDisk drops 14% after cutting Q1, 2015 revenue outlook
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05:43 EDTSNDKSanDisk lowers Q1 revenue guidance to $1.3B from $1.4B-$1.45B, consensus $1.44B
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March 19, 2015
08:18 EDTSNDKSanDisk to benefit from 3D NAND, says Morgan Stanley
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March 17, 2015
10:26 EDTSNDKOptions with increasing implied volatility
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08:07 EDTSNDKNetlist announces positive ruling in patent battles in ULLtraDIMM case
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05:53 EDTSNDKStocks with implied volatility movement; WLL SNDK
Stocks with implied volatility movement; Whiting Petroleum (WLL) 86, SanDisk (SNDK) 36 according to iVolatility.
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