Netlist (NLST) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Netlist (NASDAQ:NLST) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

Shares of Netlist stock opened at $0.59 on Wednesday. Netlist has a 12-month low of $0.10 and a 12-month high of $1.10.

Netlist (NASDAQ:NLST) last issued its quarterly earnings data on Thursday, November 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $7.20 million for the quarter, compared to analyst estimates of $8.90 million.

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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