Last $83.11 USD
Change Today +0.12 / 0.14%
Volume 1.6M
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As of 10:44 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

sandisk corp (SNDK) Snapshot

Open
$83.46
Previous Close
$82.99
Day High
$84.36
Day Low
$82.95
52 Week High
04/4/14 - $85.37
52 Week Low
04/22/13 - $50.68
Market Cap
18.7B
Average Volume 10 Days
6.0M
EPS TTM
$5.02
Shares Outstanding
225.5M
EX-Date
05/1/14
P/E TM
16.6x
Dividend
$0.90
Dividend Yield
0.81%
Current Stock Chart for SANDISK CORP (SNDK)

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sandisk corp (SNDK) Details

SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products. The company provides removable cards, which are used in various consumer electronics devices, such as mobile phones, tablets, eReaders, digital cameras, camcorders, gaming devices, and personal computers under the CompactFlash, SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands. It also offers embedded flash products that are used in mobile phones, tablets, computing platforms, imaging devices, and other products under the iNAND brand name; and solid state drives (SSDs) for client computing platforms and enterprise data centers, as well as enterprise software solutions to enhance the performance of SSDs. In addition, the company provides universal serial bus flash drives for use in the computing and consumer markets; digital media players under the Sansa brand; wireless media and flash drive products under the brand name of SanDisk Connect; and memory wafers and components. SanDisk Corporation offers its products directly and through distributors to original equipment manufacturers, consumer electronics stores, office superstores, photo retailers, mobile phone stores, mass merchants, catalog and mail order companies, e-commerce retailers, drug stores, supermarkets, convenience stores, and kiosks in the United States, the Asia Pacific, Europe, the Middle East, Africa, and internationally. SanDisk Corporation was founded in 1988 and is headquartered in Milpitas, California.

5,459 Employees
Last Reported Date: 02/21/14
Founded in 1988

sandisk corp (SNDK) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $880.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $561.8K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $430.8K
Compensation as of Fiscal Year 2012.

sandisk corp (SNDK) Key Developments

SanDisk Corporation Declares Second Quarter 2014 Cash Dividend, Payable on May 27, 2014

SanDisk Corporation announced that the board of directors has declared a second quarter 2014 cash dividend of 22.5 cents per share on the company's common stock. The dividend will be payable on May 27, 2014 to stockholders of record at the close of business on May 5, 2014. Future dividends will be subject to approval by SanDisk's board of directors.

SanDisk Corporation Reports Unaudited Preliminary Consolidated Earnings Results for the First Quarter Ended March 30, 2014; Provides Earnings Guidance for the Second Quarter and Full Year 2014

SanDisk Corporation reported unaudited preliminary consolidated earnings results for the first quarter ended March 30, 2014. For the first quarter, the company reported revenue of $1,511.945 million increased 13% on a year-over-year basis compared to $1,340.729 million a year ago and decreased 12% sequentially. Operating income was $425.174 million against $253.791 million a year ago. Income before income taxes was $409.539 million against $233.894 million a year ago. Net income was $268.948 million or $1.14 per diluted share against $166.229 million or $0.68 per diluted share a year ago. Non-GAAP net income was $330.030 million or $1.14 per diluted share against $206.897 million or $0.84 per diluted share a year ago. Non-GAAP operating income was $476.466 million against $287.724 million a year ago. Net cash provided by operating activities was $357.646 million against $473.651 million a year ago. Acquisition of property and equipment, net was $34.517 million against $48.352 million a year ago. The company provided earnings guidance for the second quarter and full year 2014. For the quarter, the company’s second quarter revenue expected is $1,550,000,000 to $1,625,000,000. The company expects second quarter non-GAAP gross margins to also be in the range of 47% to 49% is similar or higher than the record 2013 non-GAAP gross margin. This range for second quarter and the rest of the year is lower than first quarter gross margin, due primarily to the expected increase in the company’s mix of custom embedded solutions. The company expects second quarter non-GAAP operating expenses of $315 million to $325 million. The company expects its other income and tax rate to be similar to first quarter of 2014. For the full year, the company’s full year revenue expected remains unchanged at $6.4 billion to $6.8 billion. In terms of product mix across the rest of 2014, the company expects the strongest growth from both embedded solutions and Enterprise SSD's. In terms of gross margins, the company is increasing its full year non-GAAP gross margin range to 47% to 49%, up from previous forecast of 45% to 48%, reflecting continued strengthening of the company’s product mix. The company expects full year operating expense guidance has increased slightly to a range of $1,250,000,000 to $1,275,000,000. This leads to a guidance of non-GAAP operating margin range of 27% to 31% for the year, compared to 29% in 2013.

SanDisk Corp., Q1 2014 Earnings Call, Apr 16, 2014

SanDisk Corp., Q1 2014 Earnings Call, Apr 16, 2014

 

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SNDK

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Valuation SNDK Industry Range
Price/Earnings 17.2x
Price/Sales 3.0x
Price/Book 2.7x
Price/Cash Flow 15.4x
TEV/Sales 2.2x
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