Will Sandisk Stock Soar After August 5?
The company is set to report its fourth-quarter results early next month.
Overview
Sandisk (NASDAQ: SNDK) has been one of the hottest stocks to own this year, with year-to-date returns of around 600%. Although it has fallen 15% over the past month, with many investors taking profits and cashing out, it remains one of the best growth stories thus far, as it has benefited from scorching hot demand for memory and storage products.
On Aug. 5, the company will report its fourth-quarter earnings numbers, which are likely to show strong growth yet again. Will that prove to be a major catalyst, and will Sandisk stock rally after those results come out?
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.