SanDisk Corporation is added to the S&P 100 index to boost visibility and demand for the flash-memory company.

This addition to the index is expected to increase visibility and demand from index-tracking funds, which may support trading liquidity and share prices. The company reported significant growth in its latest quarterly results, with revenue increasing 372% to $8.97 billion. Gross margins expanded to 84.6%, and data-center revenue more than doubled to $2.98 billion. Management also increased the remaining share-repurchase authorization to $15.5 billion. For the upcoming quarter, the company projected revenue of as much as $10.8 billion. Analysts remain bullish on the stock, with Lynx Research setting a price target of $2,450. Currently, 20 out of 24 analysts have a 'Buy' or higher rating on the stock. Despite the high growth, the company's GF Score is 51 out of 100, indicating that strong financial strength and growth are balanced by weaker value and momentum readings.