SanDisk Corp. (SNDK) Set to Announce Earnings on Wednesday
SanDisk Corp. (NASDAQ:SNDK) will be releasing its earnings data on Wednesday, January 22nd. Parties that wish to listen to the company’s conference call can do so using this link.
Shares of SanDisk Corp. (NASDAQ:SNDK) opened at 73.69 on Tuesday. SanDisk Corp. has a 52-week low of $46.78 and a 52-week high of $74.14. The stock’s 50-day moving average is $69.55 and its 200-day moving average is $63.79. The company has a market cap of $16.646 billion and a P/E ratio of 19.33.
A number of research firms have recently commented on SNDK. Analysts at Wedbush raised their price target on shares of SanDisk Corp. from $71.00 to $82.00 in a research note to investors on Friday. On the ratings front, analysts at Zacks downgraded shares of SanDisk Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They now have a $76.00 price target on the stock. Finally, analysts at Nomura downgraded shares of SanDisk Corp. from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, December 12th. They now have a $56.00 price target on the stock, down previously from $66.00. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. SanDisk Corp. presently has a consensus rating of “Buy” and an average price target of $70.94.
In other SanDisk Corp. news, CEO Sanjay Mehrotra unloaded 75,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $72.20, for a total value of $5,415,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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