Zacks: Analysts Expect Netlist, Inc. (NASDAQ:NLST) Will Post Quarterly Sales of $10.65 Million
Brokerages expect Netlist, Inc. (NASDAQ:NLST) to report sales of $10.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Netlist’s earnings, with estimates ranging from $10.00 million to $11.30 million. Netlist posted sales of $6.93 million during the same quarter last year, which suggests a positive year-over-year growth rate of 53.7%. The company is scheduled to report its next earnings report after the market closes on Thursday, August 10th.
On average, analysts expect that Netlist will report full-year sales of $10.65 million for the current fiscal year, with estimates ranging from $45.50 million to $62.30 million. For the next financial year, analysts expect that the company will post sales of $85.80 million per share, with estimates ranging from $79.20 million to $92.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Netlist.
Netlist (NASDAQ:NLST) last posted its earnings results on Thursday, May 18th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $9.43 million for the quarter, compared to analyst estimates of $8.25 million.
A number of equities analysts have recently issued reports on the company. B. Riley restated a “buy” rating and set a $2.80 price objective on shares of Netlist in a research report on Saturday, May 20th. Zacks Investment Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
Netlist (NASDAQ:NLST) traded down 0.90% during trading on Tuesday, hitting $1.10. The stock had a trading volume of 92,077 shares. The company has a 50-day moving average of $1.09 and a 200 day moving average of $1.08. The company’s market cap is $68.02 million. Netlist has a 52 week low of $0.83 and a 52 week high of $2.19.
In other news, CEO Chun K. Hong sold 24,732 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $1.09, for a total transaction of $26,957.88. Following the completion of the transaction, the chief executive officer now directly owns 85,568 shares in the company, valued at $93,269.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chun K. Hong sold 74,206 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $1.12, for a total value of $83,110.72. Following the transaction, the chief executive officer now owns 85,568 shares of the company’s stock, valued at $95,836.16. The disclosure for this sale can be found here. Insiders have sold 200,200 shares of company stock valued at $228,545 over the last 90 days. 15.42% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Netlist stock. Dialectic Capital Management LP increased its position in Netlist, Inc. (NASDAQ:NLST) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,375,882 shares of the semiconductor company’s stock after buying an additional 16,511 shares during the period. Netlist accounts for 0.9% of Dialectic Capital Management LP’s holdings, making the stock its 20th largest position. Dialectic Capital Management LP owned about 2.23% of Netlist worth $1,362,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 31.74% of the company’s stock.
Netlist Company Profile
Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Netlist Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist Inc. and related companies with MarketBeat.com's FREE daily email newsletter.