Netlist (OTCMKTS:NLST) Cut to Hold at Zacks Research

Netlist (OTCMKTS:NLST – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Roth Capital reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Netlist in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Netlist has a consensus rating of “Moderate Buy” and an average price target of $5.00.

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Netlist Stock Down 7.6%

Netlist stock opened at $2.57 on Monday. The company’s 50-day moving average price is $2.86 and its 200-day moving average price is $1.89. The company has a market cap of $858.10 million, a PE ratio of -128.50 and a beta of 1.33. Netlist has a twelve month low of $0.45 and a twelve month high of $3.97.

Netlist (OTCMKTS:NLST – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million during the quarter, compared to analysts’ expectations of $79.00 million. As a group, sell-side analysts expect that Netlist will post 0.03 earnings per share for the current fiscal year.

Netlist Company Profile

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Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.

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