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SanDisk Corporation (NASDAQ:SNDK), a manufacturer of flash memory for mobile devices, issued sales predictions for the Q1 and 2013 that missed analysts’ forecasts as the firms limits supply to avoid an industry surplus.
The firm stated yesterday on a conference call that revenue in the existing period will be in between $1.23 billion and $1.3 billion. That is below the average analyst forecast of $1.37 billion, in relation to data collected by Bloomberg. For the year, revenue will be in the range of $5.3 billion and $5.6 billion, whereas analysts on average had expected sales of $6 billion.
Can Investors Bet on SNDK after this News update? Find out in this Research Report
The Milpitas, California-based firm stated in a statement that Q4 profit excluding some objects was $1.05 per share on sales of $1.54 billion. Analysts generally had projected profit of 75 cents and sales of $1.53 billion, in relation to data compiled by Bloomberg.
SanDisk Corporation (NASDAQ:SNDK) reported the fall of -0.63% and closed at $47.65 with the total traded volume of 8.14 million shares. Its opening price was $48.00 and its shares were trading within the range of $47.14-$48.19.
SNDK has earnings per share of $1.97 with the net profit margin of 9.53% and operating margin of 15.25%. SNDK has market cap of $11.52 billion.
Has SNDK Found The Bottom and Ready To Move Up? Find Out Here
Brocade Communications Systems, Inc. (NASDAQ:BRCD) lost -0.70% with the closing price of $5.70. The overall volume in the last trading session was 2.30 million shares. Its fifty two week range was $4.18-$6.44. The total market capitalization remained $2.60 billion.
BRCD is ahead its 52 week low with 36.36% and its last month price volatility remained 2.43%. Its beta coefficient was 1.43 with a target price of $6.38. In its share capital BRCD has 456.17 million outstanding shares while 453.84 million shares have been floated in market. BRCD has insider ownership of 0.05% with its institutional ownership remained 82.95%. Company’s current year earnings per share grew with 305.83% while the five year EPS growth rate was +14.94%.
Has BRCD Found The Bottom and Ready To Move Up? Find Out Here
Quantum Corp (NYSE:QTM) climbed +0.75% and closed at $1.35 in the last trading session with the overall traded volume of 1.92 million shares more than the average volume of 1.49 million shares. Stock price 52 weeks high was $2.90 and its 52 weeks low price was $1.00.
QTM has current ratio of 1.31. It has market cap of $325.04 million while its total outstanding shares are 240.77 million. Its beta value stands at 3.19 times.
Why Should Investors Buy QTM After the Recent Fall? Just Go Here and Find Out
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