SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today expanded its mobile storage portfolio with a new wireless mobile flash drive, the SanDisk Connect™ Wireless Stick. This new drive enables easy sharing, transferring and accessing of photos and videos between mobile devices and computers. Building on its award-winning SanDisk Connect Wireless family, the SanDisk Connect Wireless Stick features a higher capacity, up to 128GB*, a new app and cool, compact design – all at a great price.
The SanDisk Connect Wireless Stick now gives consumers even more freedom to save and access photos, videos and other files from their favorite Wi-Fi-enabled devices1. As consumers continue to embrace premium mobile features such as high-quality photo capture and Full HD video, SanDisk’s new wireless storage device is designed to meet their quickly growing storage needs, at an affordable price. The availability of up to 128GB of capacity allows users to effectively double their mobile storage for greater flexibility on the go.
“We live in an era where we are truly living a mobile lifestyle. We use our devices to capture life’s moments, and work in a way that was never before possible – all of which has created the need for a new generation of mobile storage,” said Dinesh Bahal, vice president, product marketing, SanDisk. “The SanDisk Connect Wireless Stick is designed to give people a simple, intuitive way to save and access all of the great content they create and consume across multiple devices, without breaking the bank.”
Share Wirelessly With Multiple Devices
The SanDisk Connect Wireless Stick works with smartphones, tablets and computers1. Whether in a briefcase or in a pocket, the new drive allows users to wirelessly access media or transfer large files; save and share photos and videos; or stream HD videos and music2 to and from mobile devices – up to three at a time. The SanDisk Connect Wireless Stick is capable of supporting a single stream for up to 4.5 hours on a single charge3. With its USB connector, users can also connect directly to a computer to save and transfer files instantly. The SanDisk Connect Wireless Stick delivers access that empowers users to take control of their content anytime, anywhere.
Seamless App Experience
The SanDisk Connect Wireless Stick features an intuitive app, the SanDisk Connect app, which enables nearly effortless management of content between people’s favorite devices4 including, iOS and Android™ devices; Fire tablets; and Macs and PCs – all via password-protected Wi-Fi connectivity. Available for download through the App Store, Google Play™ Store and Amazon Appstore for Android, the new app also enables other cool features like auto-back up of photos and videos from the camera roll to the drive.
Pricing and Availability
The SanDisk Connect Wireless Stick features a one year warranty5 is now available at Amazon, BestBuy.com and SanDisk.com in capacities of 16GB, 32GB, 64GB and 128GB at U.S. MSRPs ranging from $29.99-$99.99. (Original Source)
Shares of SanDisk opened today at $55.63, up $1.98 or 3.70%. SNDK has a 1-year high of $108.77 and a 1-year low of $53.18. The stock’s 50-day moving average is $63.13 and its 200-day moving average is $73.30.
On the ratings front, SanDisk has been the subject of a number of recent research reports. In a report issued on June 22, Summit Research analyst Srinivasan Sundararajan upgraded SNDK to Buy, with a price target of $85, which implies an upside of 58.4% from current levels. Separately, on June 15, Morgan Stanley’s Joseph Moore downgraded the stock to Hold and has a price target of $75.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Srinivasan Sundararajan and Joseph Moore have a total average return of -1.4% and 13.4% respectively. Sundararajan has a success rate of 53.8% and is ranked #2937 out of 3702 analysts, while Moore has a success rate of 60.3% and is ranked #438.
The street is mostly Neutral on SNDK stock. Out of 19 analysts who cover the stock, 9 suggest a Hold rating , 8 suggest a Buy and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $69.92, which represents a potential upside of 30.3% from where the stock is currently trading.
SanDisk Corp designs, develops and manufactures data storage solutions using flash memory, proprietary controller and firmware technologies.