What SanDisk's Lower Outlook Means For Mutual Fund Investors (SNDK)

Before the opening bell on Thursday, SanDisk Corporation (SNDK) cut its outlook for the first quarter and for FY2015. Here’s what the news means for mutual fund investors.

Inside the News

The company lowered its first quarter revenue estimates to $1.3 billion. Previously, SNDK expected to see revenue between $1.40 billion and $1.45 billion. Analysts expect to see revenue of $1.44 billion.

SanDisk also reported that it expects lower results for FY2015. The company noted that it will post an update on its earnings call on April 15.

On Thursday morning, the stock plunged 17% on the news.

Lower Sales & Pricing Pressures

The company reported that the significant cut to its outlook was primarily due to enterprise product sales, pricing pressures, and certain product qualification delays in parts of its business.

Mutual Funds to Watch

Investors interested in SNDK may also consider the following mutual funds as an alternative to investing directly in the stock. The funds below currently hold the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in SNDK may also be interested in Intel (INTC) or Apple (AAPL).

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