SanDisk issues weak earnings guidance, falling as much as 8% in after-hours trading.
5 days ago
SanDisk (SNDK.O) delivered strong Q4 fiscal 2026 results, with both revenue and profit exceeding market consensus. Revenue surged 372% year-over-year and rose 51% quarter-over-quarter. Options expiring in the week of August 7 show that the $1,370 strike price holds the highest open interest in both call and put options; heavy options trading following the earnings release may at least partially explain the stock's weak performance. The next-quarter revenue outlook of $10.3 billion to $10.8 billion also missed expectations, contributing to the stock's post-market decline. SanDisk management stated, "The revenue beat is attributed to our portfolio shift toward high-value customers (with data center business growing 437%) and price increases." According to BIT (bit.com) market data, SanDisk's U.S. stock fell as much as 8% in after-hours trading, and is now down 5.57%.
An analyst has commented that Anthropic's decision to add watermarks to content generated by its Claude AI is the company's most severe act of self-sabotage to date.
8 minutes ago
A critical consensus vulnerability has emerged in the Ravencoin network, potentially leading to a deep chain reorganization.
8 minutes ago
Santiment: Number of elite whales holding over 10,000 BTC rises to 90, hitting a six-month high.
8 minutes ago
Maven11Capital’s associated wallet withdrew 202,700 HYPE tokens from OKX, valued at approximately $11.17 million.
8 minutes ago
The SushiSwap community has proposed restructuring its tokenomics, with plans to establish a SUSHI strategic reserve.
8 minutes ago
Maven11 Capital withdraws 202,705 $HYPE ($11.17M) from OKX, signals potential buying shift
8 minutes ago
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