Tag Archives: sndk

SanDisk Gets Upgrades Following Analyst Day Meeting

SanDisk (SNDK) got a pat on the back from some analysts following its annual analyst day meeting during which the chip company said it expects to be in the driver’s seat with respect to cashing in on the solid state drive market. Nomura Securities International upgraded its rating on the company from reduce to neutral, while Raymond James & Associates upped its rating from outperform to strong buy. SanDisk shares rose by more than 3% on the stock

SanDisk ‘Firing On All Cylinders,’ Stock Up On Q1

SanDisk (SNDK) is in the chips, and investors are rushing to the table. The maker of data storage flash memory chips late Wednesday reported first-quarter results that beat views, though its revenue outlook for the current quarter was merely in line. SanDisk stock was up nearly 10% in early trading in the stock market today, near 83.20. The stock touched an all-time high of 85.37 on April 4. SanDisk reported Q1 earnings per share minus items of

SanDisk Profits From Rise In Enterprise Flash Usage

Data storage chipmaker SanDisk (SNDK) is seen benefiting from a flourishing new era for NAND flash technology, which is spreading from consumer devices to enterprise IT systems. The Milpitas, Calif.-based company is expected to post its fifth straight quarter of double-digit sales growth when it reports first-quarter earnings after the market close Wednesday. Analysts polled by Thomson Reuters expect SanDisk to earn $1.25 a share excluding items,