Netlist (NLST) Upgraded at Zacks Investment Research

Netlist (NASDAQ:NLST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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 also recently commented on NLST. ValuEngine upgraded Netlist from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Roth Capital raised Netlist from a “neutral” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, Craig Hallum reissued a “buy” rating and issued a $1.00 price target on shares of Netlist in a research note on Friday, June 1st.

Shares of NLST stock traded down $0.03 on Friday, hitting $0.44. 1,198,447 shares of the company’s stock were exchanged, compared to its average volume of 4,960,109. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of -1.79. The company has a market cap of $51.25 million, a P/E ratio of -2.21 and a beta of -1.59. Netlist has a 12 month low of $0.10 and a 12 month high of $1.10.

Netlist (NASDAQ:NLST) last posted its earnings results on Tuesday, July 31st. The semiconductor company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $8.43 million during the quarter, compared to analysts’ expectations of $9.50 million. As a group, equities research analysts anticipate that Netlist will post -0.14 earnings per share for the current fiscal year.

About Netlist

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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