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Last $68.38 USD
Change Today -1.20 / -1.73%
Volume 4.5M
SNDK On Other Exchanges
Symbol
Exchange
NASDAQ GS
Mexico
Frankfurt
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

sandisk corp (SNDK) Snapshot

Open
$69.92
Previous Close
$69.58
Day High
$70.74
Day Low
$68.38
52 Week High
07/16/14 - $108.77
52 Week Low
04/1/15 - $63.00
Market Cap
14.2B
Average Volume 10 Days
3.3M
EPS TTM
$3.01
Shares Outstanding
207.9M
EX-Date
04/30/15
P/E TM
22.7x
Dividend
$1.20
Dividend Yield
1.75%
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.

8,696 Employees
Last Reported Date: 02/10/15
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

Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against SanDisk Corporation

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Northern District of California on behalf of purchasers of SanDisk Corporation publicly traded securities during the period between April 16, 2014 and April 15, 2015. The complaint charges SanDisk and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that during the Class Period, defendants issued materially false and misleading statements and/or omitted adverse information regarding the company's operations, sales and product development, including that the company was experiencing production qualification delays on certain of its key products and lower than expected sales of enterprise products. Defendants also concealed problems associated with SanDisk's acquisition of Fusion-io Inc. in June 2014. Subsequently, the company was forced to announced drastically lower first quarter revenue estimates compared to prior forecasts and withdraw its 2015 forecasts entirely. Plaintiff seeks to recover damages on behalf of all purchasers of SanDisk publicly traded securities during the class period.

SanDisk Corporation Introduces New SSD Optimized for Mobile Computing and Embedded Applications

SanDisk Corporation introduced the new SanDisk Z400s SSD, a cost effective solid-state drive (SSD) designed to replace hard-disk drives (HDDs) in computing platforms and embedded applications. PCs and embedded systems need consistent, reliable access to storage in order to meet business demands. The Z400s outperforms HDDs by 20x1, while providing 5x the reliability with 20x lower average power consumption, all at a price point on par with HDDs2. The SanDisk Z400s SSD joins the company’s existing portfolio of flash-based solutions that are designed to deliver a delightful user experience and reliability at an affordable price point. With a variety of form factors and capacities, lightweight design and cost-effective architecture, PC OEMs can incorporate the new SanDisk Z400s into sleeker, mobile laptop designs without breaking bill of materials (BOM) costs. Additionally, because SSDs have no moving parts, they are much less prone to failure, which increases device uptime. The SanDisk Z400s is sampling with customers immediately in mSATA, 2.5” SATA and M.2 (2242 and 2280) form factors, in capacities of 32GB, 64GB, 128GB and 256GB.

Brower Piven Announces Class Action Lawsuit in the United States District Court for the Northern District of California on SanDisk Corporation

Brower Piven announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of SanDisk Corporation securities during the period between October 16, 2014 and March 25, 2015, inclusive. Investors who wish to become proactively involved in the litigation have until May 29, 2015 to seek appointment as lead plaintiff. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that the Company was experiencing certain production qualification delays on certain of its key products and lower than expected sales of enterprise products and that the Company was vulnerable to lower pricing in some areas of its business. According to the complaint, following the Company’s March 26, 2015 announcement that, for reasons attributed to the above undisclosed factors, it expects its fiscal first quarter revenue and its 2015 revenue to be below previous forecasts, the value of SanDisk shares declined significantly.

 

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Industry Analysis

SNDK

Industry Average

Valuation SNDK Industry Range
Price/Earnings 21.1x
Price/Sales 2.3x
Price/Book 2.5x
Price/Cash Flow 15.7x
TEV/Sales 1.6x
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