Sandisk Corp (SNDK) Tops Q2 EPS by 2c

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SanDisk (SNDK) Price Target Lowered at Goldman Sachs

July 17, 2014 8:16 AM EDT

Goldman Sachs maintained a Neutral rating on SanDisk (NASDAQ: SNDK) and reduced its price target to $100.00 (from $107.00). Yesterday SanDisk reported Q2 results that topped views but Q3 guidance was weak. Analyst Mark Delaney thinks supply constraints will limit sales growth.

"We estimate operating EPS including ESOs was $1.31, $0.06... More

SanDisk (SNDK) PT Raised at Jefferies; Don't Focus on Near-Term

July 17, 2014 8:15 AM EDT

Jefferies analyst Sundeep Bajikar reiterated a Buy rating and boosted its price target on SanDisk (NASDAQ: SNDK to $125.00 (from $118.00) following Q2 results.

Bajikar comments, "While some investors may struggle in the near term due to limited visibility into SanDisk's future product mix, we believe SanDisk's results and guidance... More

SanDisk (SNDK) Bullish Stance Reiterated at Needham & Company Post Q2

July 17, 2014 7:28 AM EDT

Needham & Company analyst Rajvindra Gill reiterated a Buy rating and $115 price target on SanDisk (NASDAQ: SNDK) following Q2 results, saying shares should reset after mixed guidance although the long-term outlook remains favorable.

SNDK nicely beat 2Q14 ests, but guided 3Q topline... More

SanDisk (SNDK) Post-Q2 Sell-Off an 'Overreaction' - BofA/Merrill Lynch

July 17, 2014 6:56 AM EDT

BofA/Merrill Lynch analyst Simon Dong-je Woo reiterated a Buy rating and $125 price target on SanDisk (NASDAQ: SNDK) calling the 9% after-hours drop an "overreaction."

Woo said the drop was was likely due to the slight miss in 2Q results (GAAP EPS: actual $1.14 vs consensus $1.16). However,... More

SanDisk (SNDK) Favorable Trends Intact, Piper Jaffray Says

July 17, 2014 6:39 AM EDT

Piper Jaffray analyst Ruben Roy reiterated an Overweight rating and $110 price target on SanDisk (NASDAQ: SNDK) following Q2 results and the subsequent 9% sell-off in the stock.

Roy weighs in, "We reiterate our OW rating on SNDK following 2Q14 earnings in which reported... More

Sandisk Corp (SNDK) Guides Q3 Revenue Below Street

July 16, 2014 5:23 PM EDT

Sandisk Corp (NASDAQ: SNDK) sees Q3 adjusted gross margin of 47%-49%. It sees Q3 revenue of $1.68-$1.73 billion vs $1.74 billion expected.

... More

Sandisk Corp (SNDK) Guides Q3 Revs Below Expectations

July 16, 2014 5:22 PM EDT

Sandisk Corp (NASDAQ: SNDK) sees Q3 revs of $1.68 to $1.73 billion, with estimates at $1.74 billion.

... More

Sandisk Corp (SNDK) Declares $0.30 Quarterly Dividend; 1.1% Yield

July 16, 2014 4:05 PM EDT

Sandisk Corp (NASDAQ: SNDK) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.

The dividend will be payable on August 25, 2014, to stockholders of record on August 4, 2014, with an ex-dividend date of July 31, 2014.

The annual yield on the dividend is 1.1 percent.

For... More