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Saturday, October 23, 2010

SanDisk Short Circuited By Sellers (NASDAQ: SNDK)

SanDisk reported earnings of $1.30 per share on strong sales figures of $1.24 billion - in line with analyst estimates, last week. The stock was down however, and now trades at $36.99, considerable off its 52-week high of $50.55.

SanDisk designs flash memory modules for data storage. Its popular SD cards are used in a variety of smartphones, cameras, and computers. SanDisk also makes the flash memory used in fast-selling Apple products such as the iPad.

To read our full report, click here.

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