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Last $61.08 USD
Change Today -0.08 / -0.13%
Volume 4.2M
SNDK On Other Exchanges
Symbol
Exchange
Mexico
Frankfurt
As of 5:20 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

sandisk corp (SNDK) Snapshot

Open
$61.29
Previous Close
$61.16
Day High
$61.67
Day Low
$59.62
52 Week High
12/8/14 - $106.64
52 Week Low
07/13/15 - $53.18
Market Cap
12.7B
Average Volume 10 Days
6.2M
EPS TTM
$2.12
Shares Outstanding
207.9M
EX-Date
07/30/15
P/E TM
28.9x
Dividend
$1.20
Dividend Yield
1.96%
Current Stock Chart for SANDISK CORP (SNDK)

sandisk corp (SNDK) Related Businessweek News

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sandisk corp (SNDK) Details

SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, including digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, as well as in automotive and connected home applications under the brand name iNAND. It also provides solid state drives (SSDs) for client computing applications, which include desktop computers, notebook computers, tablets, and other computing devices; and enterprise SSD solutions, as well as universal serial bus flash drives for use in the computing and consumer markets. In addition, the company offers digital media players under the Sansa brand; wireless media and flash drive products under the SanDisk Connect brand; and memory wafers and components. It sells its products directly and through distributors to original equipment manufacturers, system integrators, and resellers, as well as consumer electronics stores, office superstores, mobile phone stores, mass merchants, e-commerce retailers, catalog and mail order companies, drug stores, supermarkets, convenience stores, and kiosks. SanDisk Corporation was founded in 1988 and is headquartered in Milpitas, California.

8,520 Employees
Last Reported Date: 07/22/15
Founded in 1988

sandisk corp (SNDK) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $639.1K
Chief Strategy Officer, Executive Vice Presid...
Total Annual Compensation: $532.0K
Senior Vice President of Corporate Marketing ...
Total Annual Compensation: $397.6K
Executive Vice President of Memory Technology
Total Annual Compensation: $345.8K
Compensation as of Fiscal Year 2014.

sandisk corp (SNDK) Key Developments

SanDisk Corporation Declares Third Quarter Cash Dividend Payable on August 25, 2015

SanDisk Corporation announced that the Board of Directors has declared a third quarter 2015 cash dividend of $30 per share of common stock, payable on August 25, 2015 to stockholders of record as of the close of business on August 3, 2015.

Sandisk Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015; Provides Earnings Guidance for the Third Quarter, Second Half and Full Year of 2015

SanDisk Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company reported revenue of $1,237,196,000, operating income of $103,921,000, income before income taxes of $91,144,000, net income of $80,973,000 or $0.38 per diluted share, non-GAAP net income of $136,456,000 or $0.66 per diluted share, non-GAAP operating income of $190,846,000, net cash provided by operating activities of $28,864,000, acquisition of property and equipment, net of $95,562,000 compared to revenue of $1,634,011,000, operating income of $416,656,000, income before income taxes of $403,077,000, net income of $273,946,000 or $1.14 per diluted share, non-GAAP net income of $328,699,000 or $1.41 per diluted share, non-GAAP operating income of $472,307,000, net cash provided by operating activities of $240,860,000, acquisition of property and equipment, net of $44,149,000 for the same quarter a year ago. Purchased technology and other assets was $5,374,000 against $684,000 a year ago. For the six month, the company reported revenue of $2,569,437,000, operating income of $161,108,000, income before income taxes of $124,761,000, net income of $119,998,000 or $0.55 per diluted share, non-GAAP net income of $270,143,000 or $1.27 per diluted share, non-GAAP operating income of $388,880,000, net cash provided by operating activities of $337,729,000, acquisition of property and equipment, net of $193,849,000 compared to revenue of $3,145,956,000, operating income of $841,830,000, income before income taxes of $812,616,000, net income of $542,894,000 or $2.28 per diluted share, non-GAAP net income of $658,729,000 or $2.84 per diluted share, non-GAAP operating income of $948,773,000, net cash provided by operating activities of $622,939,000, acquisition of property and equipment, net of $78,666,000 for the same quarter a year ago. Purchased technology and other assets was $6,874,000 against $1,553,000 a year ago. The company expected cash flow from operations to be at a significantly stronger run rate in the second half of 2015 compared to the second quarter of 2015. Current estimate for 2015 revenue remains within the range of $5.4 billion to $5.7 billion that the company provided in April. The company expected the majority of sequential second half revenue growth to come from mobile embedded products, with a significant portion of this revenue forecasted on the cusp between the third quarter of 2015 and the fourth quarter of 2015. For the third quarter, the company estimated revenue to be in the range of $1.35 billion to $1.45 billion. The company continued to expect non-GAAP gross margin for the second half of 2015 to be in the range of 40% to 43%. Compared to the second quarter of 2015, the company expected the key factors impacting second half gross margin to be an increased mix of mobile embedded sales, which will have a negative impact on gross margin, and a slightly weaker yen to dollar rate coupled with higher sales volume, which will have a positive impact. For the third quarter of 2015, the company expected the yen to dollar rate and cost of sales to be approximately JPY 120. The company expected non-GAAP operating expenses in third quarter of 2015 to be between $335 million and $345 million and continue to expect full year 2015 non-GAAP operating expenses to be approximately or slightly below $1.4 billion. For the second half of 2015, the company expected non-GAAP other income and expense to be approximately breakeven and non-GAAP tax rate to remain at approximately 32%.

SanDisk Corp. Introduces iNAND 7232 Storage Solution

SanDisk Corp. introduced the iNAND® 7232 storage solution, a new, advanced embedded flash drive (EFD) optimized to deliver best-in-class imaging performance and superior storage capacity in mobile devices. Available in capacities up to 128GB1, the iNAND 7232 storage solution enables original equipment manufacturers (OEMs) to introduce smartphones, tablets and other connected devices that feature ample storage to meet the needs of increasing consumer content while providing data-rich application experiences and next-generation digital photography capabilities. The combination of iNAND 7232’s advanced application architecture and innovative storage technology both enhances popular current mobile photography capabilities and allows for breakthrough application experiences.

 

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Industry Analysis

SNDK

Industry Average

Valuation SNDK Industry Range
Price/Earnings 23.9x
Price/Sales 2.1x
Price/Book 2.2x
Price/Cash Flow 16.9x
TEV/Sales 1.5x
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