New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:45 EDTSNDKSanDisk has upside to estimates, says Cleveland Research
Cleveland Research said SanDisk remains on allocation for NAND and competitor supply has tightened. The firm sees significant upside to its Q2 EPS estimate of $1.46, which could be as high as $1.60, vs. consensus of $1.38 and sees potential FY15 EPS of $7.50+ vs. consensus of $6.65.
News For SNDK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent SNDK news | >>
January 21, 2015
16:09 EDTSNDKSanDisk expands stock repurchase program by $2.5B
Subscribe for More Information
16:07 EDTSNDKSanDisk says Q4 results impacted primarily by supply constraints
“We delivered record revenue in 2014 with continued progress in shifting our portfolio towards high value solutions,” said Sanjay Mehrotra, president and chief executive officer of SanDisk. “Our SSD solutions reached 29 percent of revenue in 2014, with strong growth from both client and enterprise SSDs. We are disappointed with our fourth quarter results, which were impacted primarily by supply constraints. We believe that NAND flash industry fundamentals are healthy, and we expect our financial results to improve as we move through 2015.”
16:07 EDTSNDKSanDisk reports Q4 adjusted gross margin 45%
Subscribe for More Information
16:06 EDTSNDKSanDisk reports Q4 EPS $1.30, consensus $1.27
Subscribe for More Information
15:27 EDTSNDKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.
15:16 EDTSNDKSanDisk January weekly 79 straddle priced for 6% movement into Q4
Subscribe for More Information
15:07 EDTSNDKEarnings Preview: Sandisk reports after cutting revenue forecast
SanDisk (SNDK) is expected to report fourth quarter earnings after the close on Wednesday, January 21, with a conference call scheduled for 5:00 pm ET. SanDisk manufactures data storage solutions, including removable and embedded Flash memory and solid-state drives. EXPECTATIONS: Analysts are looking for earnings per share of $1.27 on revenue of $1.73B. The consensus range is $1.15-$1.62 for EPS on revenue of $1.72B-$1.73B, according to First Call. On January 12, SanDisk cut its revenue outlook for Q4 to $1.73B from $1.8B-$1.85B. It added that non-GAAP gross margin for the quarter is expected to be approximately 45%, compared to the previously guided range of 47%-49%. "The lower revenue was primarily due to weaker than expected sales of retail and iNAND products," SanDisk explained. LAST QUARTER: On October 16, SanDisk reported third quarter adjusted earnings per share of $1.45 and revenue of $1.75B, compared to expectations of $1.33 and $1.77B, respectively. At that time, SanDisk president and CEO Sanjay Mehrotra said demand for NAND flash continued to be strong across mobile, client and enterprise. On its Q3 earnings call, SanDisk said it was on track for Fusion-io to add to earnings in the second half of fiscal 2015. STREET RESEARCH: On the day of SanDisk's revenue warning, Needham downgraded SanDisk to Hold from Buy, citing the gross margin decline in the company's negative Q4 pre-announcement. Summit Research also downgraded SanDisk to Hold that day, while SanDisk was downgraded to Hold from Buy at Drexel Hamilton the next day. Piper Jaffray, however, viewed SanDisk's lowered Q4 revenue outlook as a "near-term reset" and said it continues to expect "solid ongoing demand" for NAND into 2016. Piper says its long-term thesis on shares of SanDisk remains unchanged. It lowered its price target for shares to $105 and $106 and reiterated an Overweight rating on the stock. Yesterday, Nomura downgraded SanDisk to Reduce from Neutral to reflect worsening product mix as removables continue to decline. The firm, which lowered its price target on the stock to $65 from $70, also noted the company's tough embedded comps and low dividend yield. PRICE ACTION: Over the last three months, shares of SanDisk have declined about 9.5%. Since January 1, SanDisk shares are down about 18%. Ahead of tonight's report, SanDisk is up almost 2% to $80.23 in afternoon trading.
14:23 EDTSNDKSanDisk technical notes before earnings
Subscribe for More Information
January 20, 2015
07:17 EDTSNDKSanDisk downgraded to Reduce from Neutral at Nomura
Subscribe for More Information
January 16, 2015
16:36 EDTSNDKMarket finishes week lower on continued oil, global growth worries
Subscribe for More Information
14:29 EDTSNDKSanDisk January weekly volatility elevated into Q4 and outlook
Subscribe for More Information
January 15, 2015
09:29 EDTSNDKNetlist claim against Diablo controller chips upheld
Netlist (NLST) announced that the U.S. District Court for the Northern District of California denied a motion filed by Diablo Technologies on January 13 requesting the Court to stay the Preliminary Injunction against controller chips used by SanDisk (SNDK) in its high-speed ULLtraDIMM SSD product line. The Preliminary Injunction will therefore remain in place. The Court in a separate ruling rejected SanDisk's request that it be allowed to sell existing inventory of the enjoined products. This order made clear that Diablo and SanDisk are working in concert and are now prohibited from manufacturing and selling the Diablo controller chipset used in the ULLtraDIMM and as a result, from further sale or distribution by SanDisk of the ULLtraDIMM itself.
January 14, 2015
08:00 EDTSNDKSanDisk weakness likely temporary, says Bernstein
Subscribe for More Information
January 13, 2015
10:00 EDTSNDKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:53 EDTSNDKSanDisk downgraded to Hold from Buy at Drexel Hamilton
Subscribe for More Information
08:17 EDTSNDKSanDisk price target lowered to $100 from $110 at UBS
Subscribe for More Information
07:07 EDTSNDKSanDisk shares should be bought on weakness, says Pacific Crest
Subscribe for More Information
07:04 EDTSNDKFederal court confirms halt to sales of chips used by SanDisk, IBM, others
Subscribe for More Information
06:30 EDTSNDKCourt order bars sales of chips used by SanDisk and IBM, WSJ reports
Subscribe for More Information
06:29 EDTSNDKSanDisk pullback yesterday looks overdone, says Citigroup
Citigroup believes the 14% pullback yesterday in shares of SanDisk following the company's Q4 guide-down looks overdone. Citi views the cause of the shortfall as temporary cyclical factor that it thinks should alleviate with the release of the Samsung S6 in March. It dropped its price target for the stock to $110 from $125 but keeps a Buy rating on the name.
1 | 2 | 3 | all recent SNDK news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use