SanDisk Announces First Quarter 2015 Results

Drexel Hamilton Downgrades SanDisk (SNDK) to Sell

April 17, 2015 8:11 AM EDT

Drexel Hamilton downgraded SanDisk (NASDAQ: SNDK) from Hold to Sell with a price target of $60.00.

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 $67.91 yesterday.

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BTIG Downgrades SanDisk (SNDK) to Sell

April 16, 2015 8:46 AM EDT

BTIG downgraded SanDisk (NASDAQ: SNDK) from Neutral to Sell with a price target of $47. The change follows weak Q1 results and guidance. Analyst Walter Piecyk said he was... More

Piper Jaffray Keeps 'Overweight' on Sandisk (SNDK) Despite Weak Numbers; Est., PT Lowered

April 16, 2015 8:25 AM EDT

Piper Jaffray analyst Ruben Roy lowered estimates and his price target on SanDisk (NASDAQ: SNDK) to $74.00 (from $82.00) following weak results but maintained an Overweight rating.

Roy commented, "We remain OW rated on SNDK as we believe reset expectations likely limit downside in... More

Citi Downgrades SanDisk (SNDK) to Neutral

April 16, 2015 7:49 AM EDT

Citi downgraded SanDisk (NASDAQ: SNDK) from Buy to Neutral.

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 $71.12 yesterday.

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Susquehanna Downgrades SanDisk (SNDK) to Neutral

April 16, 2015 7:45 AM EDT

Susquehanna downgraded SanDisk (NASDAQ: SNDK) from Positive to Neutral with a price target of $60.00 (from $98.00).

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 $71.12 yesterday.

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Credit Suisse Downgrades SanDisk (SNDK) to Neutral

April 16, 2015 7:20 AM EDT

Credit Suisse downgraded SanDisk (NASDAQ: SNDK) from Outperform to Neutral with a price target of $65.00 (from $75.00) following Q1 results. The analyst said strategic value doesn't offset strategy and execution uncertainty.

Analyst J. Pitzer said, "We remain bullish on the memory sector - consolidation, slowing... More

Raymond James Downgrades SanDisk (SNDK) to Market Perform

April 16, 2015 6:46 AM EDT

Raymond James downgraded SanDisk (NASDAQ: SNDK) from Outperform to Market Perform and removed its price target (prior $84.00).

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 $71.12 yesterday.

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Deutsche Bank Downgrades SanDisk (SNDK) to Hold

April 16, 2015 6:44 AM EDT

Deutsche Bank downgraded SanDisk (NASDAQ: SNDK) from Buy to Hold with a price target of $65.00 (from $80.00). The change follows Q1 results and guidance. Analyst Sidney Ho doesn't think there is a short term fix for the company's problems.

"SNDK gave a... More

UPDATE: Sandisk Corp. (SNDK) Q2, FY Revenue Guidance Falls Short

April 15, 2015 5:32 PM EDT

(Updated - April 15, 2015 5:34 PM EDT)

Sandisk Corp. (NASDAQ: SNDK) sees Q2 revenue of $1.15-$1.22 billion vs consensus of 1.42 billion. It sees FY revenue of $5.4-$5.7 billion vs consensus of $6.15 billion. Client losses in SSD are seen hurting revenue.

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Sandisk Corp. (SNDK) Declares $0.30 Quarterly Dividend; 1.7% Yield

April 15, 2015 4:10 PM EDT

Sandisk Corp. (NASDAQ: SNDK) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.

The dividend will be payable on May 26, 2015, to stockholders of record on May 4, 2015, with an ex-dividend date of April 30, 2015.

The annual yield on the dividend is 1.7 percent.

For... More

Sandisk Corp. (SNDK) Misses Q1 EPS by 4c

April 15, 2015 4:06 PM EDT

Sandisk Corp. (NASDAQ: SNDK) reported Q1 EPS of $0.62, $0.04 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.31 billion.

NEWS HIGHLIGHTS

SanDisk launched a new category of Big Data... More