Netlist (OTCMKTS:NLST) Stock Rating Upgraded by Wall Street Zen

Key Points

• Netlist has been upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen.
• The company's recent quarterly earnings reported a revenue of $41.71 million, exceeding analyst estimates of $30 million.
• Netlist's stock has a current market cap of $242.44 million and opened trading at $0.8285 on Friday.

Netlist (OTCMKTS:NLST - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Netlist Trading Down 4.6%

OTCMKTS:NLST traded down $0.04 during trading hours on Friday, hitting $0.77. The stock had a trading volume of 453,054 shares, compared to its average volume of 529,477. Netlist has a 1-year low of $0.61 and a 1-year high of $1.38. The business has a 50 day simple moving average of $0.71 and a two-hundred day simple moving average of $0.79. The company has a market cap of $226.38 million, a PE ratio of -5.53 and a beta of 0.96.

Netlist (OTCMKTS:NLST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $41.71 million during the quarter, compared to analyst estimates of $30.00 million. Research analysts expect that Netlist will post -0.17 EPS for the current fiscal year.

About Netlist

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.