Tag: $Sandisk

Less than two years after it became an independent company again, Sandisk plans to conduct a stock split.

The flash memory and storage manufacturer issued revenue guidance for the company’s fiscal first quarter that came in below analyst expectations.

Sandisk shares fell 6.3% in premarket trading Friday even as the company posted excellent fiscal third-quarter earnings the prior afternoon. Analysts are sticking by the flash memory supplier.

Sandisk stock was rising on Monday after Nasdaq said it would be adding the flash memory product supplier to the Nasdaq 100 index.

Sandisk (SNDK) was falling early on Wednesday as its former parent Western Digital (WDC) plans to sell shares in the flash memory company. It shouldn’t be a concern for Sandisk shareholders.

Sandisk (SNDK) reported better-than-expected earnings and the stock rose sharply in premarket trading Friday.