Apple, SanDisk, Netflix Hit Highs
BOSTON (TheStreet) -- U.S. stocks gained Tuesday, a year after major indices fell to a 12-year low. These Nasdaq-listed stocks hit 52-week highs.
3. Netflix
(NFLX) - Get Report
rose 1.8% to $69.94, recording a high of $71.35. Shares of the movie rental service have gained 13% during the past month.
Numbers
: Fourth-quarter net income increased 36% to $31 million and earnings per share climbed 47% to 56 cents, boosted by a lower share count. Revenue grew 24% to $445 million. The operating margin widened from 10% to 12%. Netflix holds $320 million of cash and $238 million of debt.
Stock
: Netflix has soared 82% during the past year, trailing the Nasdaq. The stock sells for a price-to-projected-earnings ratio of 22, a 39% discount to the average Internet retailer. It's also cheap based on sales and cash flow.
2. SanDisk
(SNDK)
climbed 0.4% to $33.54, hitting a high of $34.25. Shares of the flash-drive maker have rallied 25% in the past month.
Numbers
: SanDisk swung to a fourth-quarter profit of $340 million, or $1.45 a share, from a loss of $1.8 billion, or $7.78, a year earlier. Revenue increased 44% to $1.2 billion. The operating margin ascended from negative territory to 30%. SanDisk holds $1.9 billion of cash and $1 billion of debt.
Stock
: SanDisk has quadrupled during the past year, outperforming U.S. benchmarks. The stock trades at a PEG ratio, a measure of value relative to growth expectations, of 0.5, a 38% discount to its peer group. A PEG ratio below 1 implies cheap shares.
1. Apple
(AAPL) - Get Report
jumped 1.8% to $223.02, touching a high of $225. Shares of the iPod and Mac seller have gained 14% in the past month.
Numbers
: Fiscal first-quarter profit soared 50% to $3.4 billion, or $3.67, as revenue stretched 32% to $16 billion. Apple's operating margin expanded from 26% to 30%. Its balance sheet stores $25 billion of cash, $15 billion of long-term securities and no debt.
Stock
: Apple nearly tripled during the past year, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 16, a slight premium to its peer group average. Its PEG ratio of 0.7 indicates a bargain based on expected growth.
-- Reported by Jake Lynch in Boston.