SNDK will report after close.The consensus estimates are:
Sales Q1 $756.77 million Q2 $832.93 million
EPS Q1 17 cents Q2 20 cents
If SNDK guides higher than consensus then we will see a BIG rally in the stock.The chance of higher guidance is good.Flash memory prices are stable these days which bodes well for Q2 guidance.
Dell is the first PC maker which is incorporating Flash drives instead of HDD in their notebook.This news should also help SNDK stock price & guidance for Q2.
SNDK is bid UP in pre market.
NYX reported 1 cent better than consensus.....but the pre market tape is weak by $1....CC starts @ 8.00 am.
AAPL is UP $7+ pre market.
I may add CSCO which reports 8th may.
Good luck in this very strong market.
Do your own DD.This BLOG is for educational purpose only not a buy or sell.
Saleem
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