SanDisk +6.8% AH on margin guidance hike; Micron +1%

|By:, SA News Editor

SanDisk (SNDK) guides on its CC for Q2 revenue of $1.55B-$1.625B and 2014 revenue of $6.4B-$6.8B, in-line with consensus forecasts of $1.58B and $6.66B.

But following a strong Q1, the NAND flash giant's 2014 gross margin forecast has been hiked to 47%-49% from a prior 45%-48%.

Rival Micron (MU) is getting a lift from the forecast, much as SanDisk gained last month following Micron's numbers.

SanDisk's Q1 results, details