Morgan Stanley Downgrades SanDisk (SNDK) to Equalweight
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July 18, 2013 10:34 AM EDT
Needham & Company reiterated a Buy rating and raised its price target on SanDisk (NASDAQ: SNDK) from $75 to $80 after the company 'knocks the cover off the ball' in Q2.
Analyst Rajvindra S. Gill weighs in: "SNDK knocked the cover off the ball in the second quarter, highlighted by non-GAAP gross margin that increased 620bps Q/Q, and EPS that was nearly $0.30 above consensus. 3Q revenue and gross margin guidance also topped our estimates, guiding... More
July 18, 2013 7:09 AM EDT
RBC Capital boosted its price target on Outperform-rated SanDisk (NASDAQ: SNDK) from $65 to $75 following strong Q2 results.
"SNDK reported strong results and raised key full year metrics materially," analyst Doug Freedman notes. "What's impressive is SNDK is doing this without... More
July 17, 2013 4:07 PM EDT
Sandisk Corp (NASDAQ: SNDK) reported Q2 EPS of $1.21, $0.29 better than the analyst estimate of $0.92. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.48 billion.
For earnings history and earnings-related data on Sandisk Corp (SNDK) click here.... More
July 17, 2013 4:02 PM EDT
Sandisk Corp (NASDAQ: SNDK) halted ahead of earnings... More
