SanDisk Corp. Sees Unusually Large Options Volume (SNDK)
SanDisk Corp. (NASDAQ:SNDK) was the recipient of unusually large options trading on Friday. Investors bought 8,977 put options on the company, AR Network reports. This represents an increase of approximately 124% compared to the typical volume of 4,009 put options.
A number of analysts have recently weighed in on SNDK shares. Analysts at B. Riley raised their price target on shares of SanDisk Corp. (NASDAQ:SNDK) to $75.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note to investors on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company. SanDisk Corp. presently has a consensus rating of “Buy” and a consensus target price of $66.79.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded up 1.87% during mid-day trading on Friday, hitting $62.69. 4,534,272 shares of the company’s stock traded hands. SanDisk Corp. has a 1-year low of $38.47 and a 1-year high of $63.97. The stock has a 50-day moving average of $58.56 and a 200-day moving average of $57.82. The company has a market cap of $15.070 billion and a P/E ratio of 21.05.
SanDisk Corp. (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.28. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. On average, analysts predict that SanDisk Corp. will post $4.77 earnings per share for the current fiscal year.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
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