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Should You Buy Sandisk Stock at About 5 Times Its Guided Earnings?

Sandisk (NASDAQ:SNDK) had two pieces of news in its Oct. 29 report. The flash memory specialist's revenue grew 23% sequentially, hitting $11. 0 billion for the period ending Oct. 2, 2026 -- the first quarter of its fiscal 2027. And it announced an eight-for-one stock split. A share that closed near $1,330 the day of the report comes to about $166 when the new shares arrive. But after a roughly 13% drop on Oct. 30, the growth stock is about 51% under its 52-week high of about $2,354, hit in June, though Sandisk's profits have kept rising since then. Should investors buy before the split?

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