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

Apr. 16, 2014 5:35 PM ETWestern Digital Corporation (WDC) StockWDC, MUBy: Eric Jhonsa, SA News Editor7 Comments
  • 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 (NASDAQ:MU) is getting a lift from the forecast, much as SanDisk gained last month following Micron's numbers.
  • SanDisk's Q1 results, details

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