"We again delivered record revenue and strong profitability, driven by robust demand in our diversified end markets," said Sanjay Mehrotra, the company's president and CEO, in a statement. "Our broad portfolio of innovative storage solutions positions us exceedingly well to capitalize on our numerous growth opportunities in smart mobile devices and consumer and enterprise computing platforms." The stock was last quoted at $46.35, up 1.9%, on volume of less than 400,000, according to Nasdaq.com. Based on Thursday's regular session close at $45.50, the shares were down more than 9% so far in 2010. Wall Street was very bullish on SanDisk ahead of the report with 21 of the 24 analysts covering the stock at either strong buy (10) or buy (11), and the 12-month median price target sitting at $58, implying potential upside of more than 25% from current levels.