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SNDK ChartSNDK data by YCharts

SanDisk (SNDK)

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 ChartSNDK Revenue Quarterly data by YCharts

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