Reports Q3 revenue $1.70B, down 10% sequentially. The company said, “Sandisk’s (SNDK) innovation was reinforced, with a strong early ramp of BiCS 8, our latest technology engineered to deliver industry-leading performance, power efficiency, and density. We have taken actions to reduce supply to match demand and commenced price increases this quarter. Our investment, supply management, and pricing strategies will remain focused on maximizing returns.”
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade SNDKPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNDK:
- SanDisk price target lowered to $70 from $84 at Morgan Stanley
- SanDisk price target lowered to $50 from $60 at Cantor Fitzgerald
- SANDISK CORPORATION put volume heavy and directionally bearish
- SanDisk initiated with a Neutral at BNP Paribas Exane
- SanDisk price target lowered to $39 from $50 at Barclays