Wall Street analysts predict that Netlist, Inc. (NASDAQ:NLST) will report $9.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Netlist’s earnings, with the highest sales estimate coming in at $10.00 million and the lowest estimate coming in at $9.80 million. Netlist reported sales of $5.54 million in the same quarter last year, which indicates a positive year-over-year growth rate of 78.7%. The business is expected to report its next quarterly earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Netlist will report full-year sales of $9.90 million for the current fiscal year, with estimates ranging from $39.60 million to $39.80 million. For the next year, analysts forecast that the company will report sales of $51.60 million per share, with estimates ranging from $48.40 million to $54.80 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Netlist.

Several research firms recently commented on NLST. ValuEngine upgraded Netlist from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Netlist from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd.

Netlist (NASDAQ:NLST) traded up $0.02 during trading on Friday, reaching $0.33. The company had a trading volume of 2,355,506 shares, compared to its average volume of 2,341,953. The firm has a market capitalization of $19.94, a price-to-earnings ratio of -1.50 and a beta of -1.37. Netlist has a 52-week low of $0.25 and a 52-week high of $1.40. The company has a debt-to-equity ratio of -2.78, a current ratio of 1.78 and a quick ratio of 1.39.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP grew its position in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,400,500 shares of the semiconductor company’s stock after acquiring an additional 200,000 shares during the quarter. Royce & Associates LP owned about 1.99% of Netlist worth $1,029,000 at the end of the most recent quarter. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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