From 24/7 Wall St. · Alex Sirois · · 1m
Sandisk Stock Dips Below $1400
Sandisk stock falls below $1400, resetting entry points for growth investors.
In brief
Sandisk stock falls below $1400, resetting entry points for growth investors. Sandisk's stock dropped to $1,394.83 below $1,400, making it 8 times forward earnings for growth investors. Originally reported by 24/7 Wall St..
Sandisk Stock Price
Sandisk's stock just crossed a threshold that historically resets how growth investors calculate entry points.
Current Stock Price
Sandisk trades at $1,394.83 now that it has slipped back below the $1,400 mark.
Earnings Guidance
Management now guides to $44.00 to $46.00 in EPS on $10.30B to $10.80B in revenue for the current quarter.
Contracted AI Demand
Contracted AI demand makes $1,400 look cheap with 84.6% gross margin.
China Supply Threat
China's CXMT aims to take share from U.S. and Korean suppliers with next-gen memory chips.
Investor Reaction
10 of 18 tracked funds trimmed positions while only 4 added, with D. E. Shaw cutting.
At a glance
Sandisk's stock dropped to $1,394.83 below $1,400, making it 8 times forward earnings for growth investors.
