SanDisk Shows the Upside of Memory (SNDK)

Posted in pre-market 
April 22nd, 2010

SanDisk Corporation (NASDAQ: SNDK) is trading higher on a 65% revenue gain as flash memory continues to face stronger markets.  Earnings were $0.95 EPS and revenue was $1.09 billion versus Thomson Reuters estimates of $0.59 EPS and $986 million in revenue. Auriga maintained a SELL rating but no one is looking at that today.  Shares are trading up 5% at $39.52 on only about 80,000 shares as of 8:41 AM EST.  The 52-week trading range is $12.04 to $39.55, so this may mark a new 52-week high if that 5% gain becomes a 5.5% gain.  Average volume is 9.9 million shares, so the real movement may still be after the open.


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