Tag Archives: sndk

SanDisk Lift Seen As Samsung Follows Apple’s Lead

Samsung, HTC and other smartphone makers will follow Apple’s (AAPL) lead with the iPhone 6 and increase flash memory in mobile phones, raising demand for chips from SanDisk (SNDK), says Citigroup in a report. Joe Yoo, a Citigroup analyst, initiated coverage on SanDisk with a buy rating and price target of 125. SanDisk’s stock has shot up 43% in 2014. SanDisk closed at 101.31 on Tuesday. Yoo also expects SanDisk to garner an EPS lift from currency

SanDisk EPS Falls As Costs Rise; Tepid On Q4

Flash memory chipmaker SanDisk (SNDK) late Thursday forecast Q4 revenue below analyst expectations and posted lower-than-expected Q3 revenue, sending its shares down on Friday. SanDisk stock was down 1% in midday trading in the stock market today, near 84. The company expects revenue for the current quarter to be short due to lower revenue from Fusion-io, a solid-state storage products designer that it acquired for $1.1 billion in June. SanDisk

Video: SanDisk EPS Falls As Costs Rise; Tepid On Q4

Flash memory chipmaker SanDisk (SNDK) late Thursday forecast Q4 revenue below analyst expectations and posted lower-than-expected Q3 revenue, sending its shares down on Friday. SanDisk stock was down 1% in midday trading in the stock market today, near 84. The company expects revenue for the current quarter to be short due to lower revenue from Fusion-io, a solid-state storage products designer that it acquired for $1.1 billion in June. SanDisk