Shares of Sandisk Corp (SNDK) were up more than 2 percent in early trading on Wednesday morning after an analyst from Stifel Nicolaus said the company would beat expectations.

Sandisk reports its latest quarterly earnings later today.

In a note released Monday, Patrick Ho said Strength in the NAND flash memory market would boost SanDisk, although he doesn't formally cover the company, according to Barron's.

Ho said handset demand was picking up including continued strength in Apple products such as the iPhone 3G S.

Sandisk disk whare, which were up past 2 percent, were slipping to 1.43 percent by 10:14 a.m.

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