This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SanDisk: S&P Intraday Gainer

NEW YORK ( TheStreet) - SanDisk (SNDK - Get Report) was the best-performing stock in the S&P 500 on Monday morning.

The S&P was falling 17.87, or 1.3%, to 1,360.66.

Shares of SanDisk rose 2.17% Monday morning to $36.69. The stock was rising after declining Friday on a first-quarter earnings miss.

SanDisk's first-quarter earnings were $114 million, or 46 cents a share, down from year-earlier earnings of $224 million, or 92 cents. Analysts' estimates called for earnings of 67 cents a share.

SanDisk trades at an estimated price-to-earnings ratio for next year of 11.25 times; the average for semiconductor companies is 14.35. For comparison, Applied Materials (AMAT) has a lower forward P/E of 9.82.

Fifteen of the 25 analysts who cover SanDisk rated it buy. Eight analysts gave the stock a hold rating and two rated it sell.

TheStreet Ratings gives SanDisk a B grade with a buy rating and $46.74 price target. The stock has fallen 25.4% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SNDK $67.92 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs