Last $1,135 MXN
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As of 4:09 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

sandisk corp (SNDK*) Snapshot

Open
$1,137
Previous Close
$1,135
Day High
$1,137
Day Low
$1,135
52 Week High
07/16/14 - $1,403
52 Week Low
11/26/13 - $861.20
Market Cap
254.6B
Average Volume 10 Days
2.1K
EPS TTM
--
Shares Outstanding
224.2M
EX-Date
10/30/14
P/E TM
--
Dividend
$1.20
Dividend Yield
1.13%
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: $946.1K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $593.5K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $494.8K
Senior Vice President of Memory Technology
Total Annual Compensation: $345.8K
Compensation as of Fiscal Year 2013.

sandisk corp (SNDK*) Key Developments

SanDisk Corp. Plans an Approximate 5% Capacity Expansion in 2015

SanDisk Corp. is planning an approximate 5% capacity expansion in 2015. This capacity expansion, along with its technology transition, results in expected captive supply bit growth in the range of 30% to 40%.

SanDisk Corporation Announces Fourth Quarter Dividend, Payable on November 24, 2014

SanDisk Corporation announced a fourth quarter 2014 dividend of $0.30 per share of common stock, payable on November 24, 2014 to shareholders of record as of the close of business on November 3, 2014.

SanDisk Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 28, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Full Year of 2014 and 2015

SanDisk Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 28, 2014. For the quarter, the company's revenue was $1,746,491,000 against $1,625,153,000 a year ago. Operating income was $387,794,000 against $408,448,000 a year ago. Income before income taxes was $372,919,000 against $403,556,000 a year ago. Net income was $262,661,000 or $1.09 diluted per share against $276,859,000 or $1.18 diluted per share a year ago. Non-GAAP operating income was $481,030,000 against $532,950,000 a year ago. Non-GAAP net income was $335,502,000 or $1.45 diluted per share against $370,747,000 or $1.59 diluted per share a year ago. Net cash provided by operating activities was $587,696,000 against $382,413,000 a year ago. Cash used for capital investments was $116 million, yielding free cash flow of $471 million. For the nine months, the company's revenue was $4,892,447,000 against $4,442,145,000 a year ago. Operating income was $1,229,624,000 against $1,054,797,000 a year ago. Income before income taxes was $1,185,535,000 against $1,020,907,000 a year ago. Net income was $805,555,000 or $3.37 diluted per share against $704,877,000 or $2.91 diluted per share a year ago. Non-GAAP operating income was $1,429,803,000 against $1,249,465,000 a year ago. Non-GAAP net income was $994,231,000 or $4.29 diluted per share against $876,616,000 or $3.63 diluted per share a year ago. Net cash provided by operating activities was $1,210,635,000 against $1,246,857,000 a year ago. Acquisition of property and equipment, net was $165,641,000 against $170,715,000 a year ago. The company provided earnings guidance for the fourth quarter of 2014 and full year of 2014 and 2015. The fourth quarter revenue forecast is $1.8 billion to $1.85 billion. For fourth quarter, the company expects non-GAAP gross margin to be between 47% and 49%. The company expects fourth quarter non-GAAP operating expenses of $380 million to $390 million, reflecting a full quarter of Fusion-io-related expenses and inclusive of restructuring expenses of approximately $15 million. Fourth quarter non-GAAP other income is forecasted at approximately $3 million, and the company expects its non-GAAP tax rate to be equal to the third quarter rate of 31.2%. The company expects its fourth quarter non-GAAP diluted share count to come down to approximately 228 million, reflecting continued share repurchases. The company refining its estimate of 2014 capital investments from $1.4 billion to $1.3 billion, with fourth quarter gross investments expected to be approximately $400 million, inclusive of both joint venture and non-fab investments. The fourth quarter cash usage for capital investments is expected to be approximately $150 million, bringing the total full year cash usage for capital investments to approximately $350 million, with a combination of joint venture and non-fab investment. The company refining its estimate of 2014 capital investments from $1.4 billion to $1.3 billion. In summary, the company expects that 2014 will be another record year in both revenue and earnings. With the broadest portfolio of enterprise and consumer flash solutions in the industry, SanDisk is uniquely positioned to capitalize on the opportunities ahead. The company is investing for the future while also generating strong free cash flow and executing a market-leading capital return program. As the company look to 2015, the company plan to increase its supply bit growth from less than 25% this year to a range of 30% to 40%. Given the lean level of inventory it will have at the end of 2014, its 2015 revenue bit growth will likely need to be at the low end of that range.

 

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SNDK*

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Valuation SNDK* Industry Range
Price/Earnings 17.6x
Price/Sales 2.8x
Price/Book 2.7x
Price/Cash Flow 15.2x
TEV/Sales 2.2x
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