TradingKey – SanDisk begins today at $1,740.00 per share, a 11.90% increase over Friday’s close and exactly what is shown on our chart. With U.S. markets closed today for Labor Day, SanDisk is presently the new closing benchmark for tomorrow. The breakout above $1,720.48 improves the technical analysis, while considerations remain excellent. Q4 sales increased to $8.97 billion, data-center sales more than doubled sequentially, and Q1 guidance signals another increase. The largest concern is the valuation is stretched along with the stock and NAND pricing.
Q4 Revenue Reached a Record $8.97 Billion
SanDisk posted revenue for Q4 of $8.965 billion, a 51% increase from the prior quarter. On a GAAP basis, net income was $6.90 billion, or $43.97…
