Netlist (NASDAQ:NLST) Stock Rating Upgraded by Zacks Investment Research

Netlist (NASDAQ:NLST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, September 14th.

According to Zacks, “Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company’s memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. “

Several other research firms have also recently issued reports on NLST. Roth Capital raised shares of Netlist from a “neutral” rating to a “buy” rating in a research report on Thursday, May 31st. ValuEngine raised shares of Netlist from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Craig Hallum reissued a “buy” rating and issued a $1.00 price objective on shares of Netlist in a research report on Friday, June 1st.

Shares of NLST stock traded up $0.02 during trading hours on Friday, reaching $0.47. 1,992,538 shares of the stock were exchanged, compared to its average volume of 4,979,600. Netlist has a 12-month low of $0.10 and a 12-month high of $1.10. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of -1.79. The stock has a market cap of $51.25 million, a PE ratio of -2.35 and a beta of -1.59.

Netlist (NASDAQ:NLST) last released its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $8.43 million for the quarter, compared to the consensus estimate of $9.50 million. Sell-side analysts forecast that Netlist will post -0.14 EPS for the current year.

Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

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