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via BeInCrypto · By BeInCrypto Editorial
SanDisk Told Investors Margins Will Fall, SNDK Stock Rose 14% Anyway
SNDKB
SNDKB/USDT
$1,663.36
+0.88%
$1,663.36
+0.88%
(24s)24h Volume
$1,681,422.93
24h H/L
$1,674.06 / $1,647.70
Change: $26.36 (1.60%)
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(01:26 PM UTC)
1 min read
SanDisk guided investors toward 80% gross margins through fiscal 2030. It earns 84.6% today. The stock rose 13.67% anyway.
Guiding margins lower normally punishes a share price. The reason it did not sits in the company’s own recent numbers.
Why SanDisk Stock Rose on a Lower Margin Target
Gross margin is the profit left after…
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