Stock Market Watch

SanDisk Corporation: Record revenue and strong profitability

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SanDisk Corporation (NASDAQ:SNDK). Last Market Price: 49.03, Change: +3.53, % Change: (7.76%). Shares trade in the range of 47.85 – 49.16 dollars. It has a market capitalization of 11.73B dollars, making it a Large Cap Stock and has 239.23M outstanding shares. The company has a beta of 1.67, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 4.91; P/E of 9.98 indicating that the stock may be undervalued. It operates in Technology sector and belongs to Computer Storage Devices industry. Percentage shares held by institutional investors is 83%. The company has a 52 week Price range (low – high) of $ 32.24 – 53.60. Average volumes of shares traded daily are 9,320,000. Volume traded in the last session was at 7,990,000, 0.86 times the average volume.

  • Reports Q3 (Sep)
    • EPS of $1.20 better than the estimates
    • Revenues rose 14.8% year on year to $1.42 billion

Company States: We again delivered record revenue and strong profitability, driven by robust demand in our diversified end markets. Our broad portfolio of innovative storage solutions positions us exceedingly well to capitalize on our numerous growth opportunities in smart mobile devices and consumer and enterprise computing platforms.

For Q3 (Jul ’11), It had a Net profit margin of 18.06%, an Operating margin of 27.56%. Other Key stats and ratios are : Return on average assets of 10.83%, Return on average equity of 16.13%. The organization has an employee strength of 3,469


Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Dec-11 show a mean of 1,581.54 million dollars, an estimate high of 1,697.85 million dollars and an estimate low of 1,490.00 million dollars. A year ago the figures stood at 1,555.10 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 1,469.36 million dollars, an estimate high of 1,705.00 million dollars and an estimate low of 1,317.80 million dollars. A year ago the figures stood at 1,474.33 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 1.21 dollars, an estimate high of 1.48 dollars and an estimate low of 1.06 dollars. A year ago the figures stood at 1.14 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 1.06 dollars, an estimate high of 1.50 dollars and an estimate low of 0.84 dollars.

Sales for Quarter Ending Jun-11 was estimated at 1,341.37 million dollars, however the actual sales figure stood at 1,374.99 million dollars, 33.62 million dollars more than estimates.

Sales for Quarter Ending Mar-11 was estimated at 1,260.79 million dollars, however the actual sales figure stood at 1,294.20 million dollars, 33.41 million dollars more than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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