Sandisk Corporation (Ticker: SNDK) is a U.S.-based technology company that develops, manufactures, and sells data storage products and solutions built on NAND flash memory technology, including solid-state drives (SSDs), embedded storage, memory cards, and USB flash drives for consumer, enterprise, and cloud computing markets.
| Revenue (TTM) | $13.18B |
| Gross Profit (TTM) | $7.39B |
| EBITDA | $5.63B |
| Operating Margin | 70.00% |
| Return on Equity | 39.30% |
| Return on Assets | 22.80% |
| Revenue/Share (TTM) | $89.99 |
| Book Value | $93.09 |
| Price-to-Book | 13.74 |
| Price-to-Sales (TTM) | 12.31 |
| EV/Revenue | 14.09 |
| EV/EBITDA | 34.33 |
| Quarterly Earnings Growth (YoY) | 618.00% |
| Quarterly Revenue Growth (YoY) | 251.00% |
| Shares Outstanding | $148.09M |
| Float | $146.00M |
| % Insiders | 1.13% |
| % Institutions | 81.72% |
Volatility is currently contracting
SanDisk (NASDAQ:SNDK | SNDK Price Prediction) currently trades at $1,096.10 against a consensus Wall Street price target of $2,217.77, an implied upside of roughly 102%.
Memory stocks are getting hammered midday Wednesday as a sector-wide rout intensifies.
SNDK's 32% three-day slide may be sentiment-driven as AI storage demand, $42B in contracts and a debt-free balance sheet support its outlook.
Sandisk Corporation (SNDK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Roundhill Memory ETF (DRAM) has been in a free fall this week, reaching its lowest level since May 7 this year. It has plunged by over 43% from its highest point this year.
The memory storage company has been the poster child of the AI momentum trade, and the recent selloff.
Sandisk stock fell 10.8% on Friday and another 11% on Monday, closing at $1,278.23. Shares trade at about 43 times the past year's earnings but about 7 times what analysts expect over the next one.
Shares of a number of chipmakers fell today, extending a rough stretch for the AI trade and dragging the Nasdaq lower.
Sandisk and Western Digital are outpacing NVIDIA as AI demand boosts memory and storage growth. See what's fueling their momentum.
Shares in major U.S. chip and memory companies, including Micron, Sandisk, and Intel, are sinking this morning in premarket trading after the stock prices of similar companies in Asia got hammered hard.
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