Sandisk (SNDK) Falls After Report Says Demand, Pricing Better in H1

Sandisk Corporation (NASDAQ:SNDK) is one of the stocks that bleed heavily.

Sandisk Corp. dropped its share prices by 7.83 percent on Monday to end at $42.48 apiece as investor sentiment appeared to have been dampened by a report suggesting that demand and pricing for computer memory could dampen in the second half of the year.

In a market report, Edgewater said that it believes demand and pricing for computer memory were better in the first half of 2025.

Additionally, it said demand and pricing will be subseasonal in the second half, implying that things could go worse.

In the third quarter of fiscal year 2025, Sandisk Corporation (NASDAQ:SNDK) swung to a net loss of $1.9 billion from a $27 million net income in the same period last year.

Revenues dipped by 1 percent to $1.695 billion from $1.7 billion year-on-year.

For the upcoming fourth quarter earnings, Sandisk Corporation (NASDAQ:SNDK) expects revenues to settle between $1.75 billion and $1.85 billion, with a gross margin of 25.3 to 26.7 percent.

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Disclosure: None. This article is originally published at Insider Monkey.