UBS maintains a 'Buy' on SanDisk (SNDK); Finally An Inflection Point...An It Has Legs
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Price: $61.56 -2.35%
Rating Summary:
18 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
18 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade SNDK Now!
UBS maintains a 'Buy' on SanDisk (NASDAQ: SNDK) price target of $44.00.
Last night, SanDisk reported Q2 earnings that topped estimates by $0.02. Revenues were in-line at $1.03B.
On its Q2 conference call, SNDK said it was looking for Q3 sales of about $1.2 billion, which compares to the Street estimate of $1.22 billion, sees gross margin 28 percent +/- 2 points.
Remarking on SNDK's financials, UBS analyst, Uche Orji, said there's finally an inflection point...and it has legs. Shares of SNDK are trading up almost 11% today, but the stock is down from 1-year ago.
For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.
Shares of SanDisk closed at $35.08 yesterday, with a 52 week range of $30.99-$53.46.
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Last night, SanDisk reported Q2 earnings that topped estimates by $0.02. Revenues were in-line at $1.03B.
On its Q2 conference call, SNDK said it was looking for Q3 sales of about $1.2 billion, which compares to the Street estimate of $1.22 billion, sees gross margin 28 percent +/- 2 points.
Remarking on SNDK's financials, UBS analyst, Uche Orji, said there's finally an inflection point...and it has legs. Shares of SNDK are trading up almost 11% today, but the stock is down from 1-year ago.
For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.
Shares of SanDisk closed at $35.08 yesterday, with a 52 week range of $30.99-$53.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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