Tag Archives: sndk

SanDisk Upgraded On Flash Memory Market, New Product

SanDisk (SNDK) was upgraded Wednesday by an analyst upbeat about the supply/demand balance for flash-memory chips this year, as well as a new product launch, cost-cutting and other factors. Goldman Sachs analyst Mark Delaney, in a research report Wednesday, upgraded SanDisk to conviction buy from neutral and boosted his price target to 106 from 100. Delaney said demand for Apple’s (AAPL) iPhone 6 and iPhone 6 Plus are helping to drive Nand flash

SanDisk CEO Unhappy With Q4 Execution

SanDisk (SNDK) gave weaker-than-expected Q1 guidance after Q4 execution “disappointed” the company CEO and analysts said that it might have lost Apple as a customer. SanDisk stock fell Thursday after it posted Q4 earnings late Wednesday that beat lowered expectations. The Milpitas, Calif.-based flash-memory chipmaker also announced a $2.5 billion increase in its share repurchase program and a Q1 dividend of 30 cents per share payable on March 23.

SanDisk Downgraded A Day Before Its Q4 Earnings

SanDisk (SNDK) got a downgrade Tuesday, a day before the flash memory chipmaker is set to report Q4 earnings and a week after the company lowered its December-quarter revenue outlook. Nomura Securities downgraded SanDisk to “reduce” from neutral and lowered its price target on SanDisk stock to 65 from 70. “We believe (SanDisk’s) product mix can only worsen, and this is not discounted in consensus estimates for gross margin, earnings per share and