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

Microsoft, Intel, AMD Among Big Tech Earnings Next Week

SNDK Chart SNDK data by YCharts

SanDisk (SNDK - Get Report)

Background: SanDisk designs, develops and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. The company was founded in 1988 and is headquartered in Milpitas, Calif. SanDisk trades an average of five million shares per day with a market cap of $10 billion.

52-Week Range: $30.99 to $53.46

Book Value: $29.15

Price To Book: 1.46

SanDisk is forecast to record lower third-quarter earnings after the market closes on Thursday. The consensus estimate is currently 33 cents a share, a drop of 87 cents (72.5%) from $1.20 during the equivalent quarter last year. Estimates from analysts range from a low of 27 cents per share to 42 cents per share.

The majority of analysts believe SanDisk continues to offer a buying opportunity, with 18 of the 29 analysts covering the company giving it a buy recommendation. Nine are taking a more cautious approach and rate it a hold. The average analyst target price for SanDisk is $46.25.

I can't help but think of the TV show "Wall Street Warriors" every time I read about this company. Shares in SanDisk haven't appreciated significantly during the last 12 months, but at least they are higher. SanDisk moved higher1.4% in the last year, and the average analyst target price for SanDisk is $46.25.

Based on technical analyst, SanDisk has distinguished attributes. The 60-day moving average is breaking above the 200-day moving average, which is bullish, albeit, the current price is having difficulty staying on the bullish side of the line.

I'm not a giant fan of this space, and most of the storage companies are fighting for every last dollar. The merging of technologies including SSD, Cloud, Wi-Fi, 4G, etc. should result in greater competition among producers and diminishing relative demand by consumers.

The race within camera manufacturers for ever-increasing megapixels is all but over as the emphasis shifts towards image processing and other factors influencing overall image quality. The proliferation of internet capable devices capable of uploading content conjointly lowers the consumer demand for portable media storage.

Short interest above 4% is not enough to sound he alarms, but above 5% it places renewed hesitation in allocating capital in the company. Short-sellers are among the brightest and most informed market participants, and if they turn sour on a company it is likely for a valid reason. If the short interest ascends above 5%, you may want to scrutinize changes within the space. SNDK Revenue Quarterly Chart SNDK Revenue Quarterly data by YCharts
2 of 6

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMD $3.74 5.35%
FLEX $12.53 3.13%
INTC $30.61 1.09%
MSFT $50.61 1.48%
SNDK $75.50 0.49%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs