Netlist (OTCMKTS:NLST – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.
Separately, Roth Mkm dropped their price target on Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th.
Read Our Latest Report on Netlist
Netlist Stock Up 5.3 %
Netlist (OTCMKTS:NLST – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The business had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. Equities analysts predict that Netlist will post -0.17 EPS for the current year.
Netlist Company Profile
Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.
Further Reading
- Five stocks we like better than Netlist
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Insiders Are Selling, But These 3 Stocks Are Must-Buys
- What Are Treasury Bonds?
- Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge
- What is Forex and How Does it Work?
- Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’
Receive News & Ratings for Netlist Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist and related companies with MarketBeat.com's FREE daily email newsletter.