Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets. It serves customers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
Phone480-347-1111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$49.42 million
Profitability
Miscellaneous
Employees95
Next Earnings Date5/8/2019 (Estimated)
OptionableNot Optionable
Everspin Technologies (NASDAQ:MRAM) Frequently Asked Questions
What is Everspin Technologies' stock symbol?
Everspin Technologies trades on the NASDAQ under the ticker symbol "MRAM."
How were Everspin Technologies' earnings last quarter?
Everspin Technologies Inc (NASDAQ:MRAM) issued its earnings results on Thursday, March, 14th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.23) by $0.03. The business services provider had revenue of $12.30 million for the quarter, compared to analysts' expectations of $12 million. Everspin Technologies had a negative net margin of 34.40% and a negative return on equity of 56.59%. Everspin Technologies's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) EPS. View Everspin Technologies' Earnings History.
When is Everspin Technologies' next earnings date?
What guidance has Everspin Technologies issued on next quarter's earnings?
Everspin Technologies updated its first quarter earnings guidance on Thursday, March, 14th. The company provided EPS guidance of (-0.28)-(-0.24) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.28). The company issued revenue guidance of $9.5-9.9 million, compared to the consensus revenue estimate of $12.43 million.Everspin Technologies also updated its Q1 2019 guidance to $-0.28--0.24 EPS.
What price target have analysts set for MRAM?
1 brokerages have issued 12 month price targets for Everspin Technologies' stock. Their predictions range from $14.00 to $14.00. On average, they expect Everspin Technologies' share price to reach $14.00 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price. View Analyst Price Targets for Everspin Technologies.
What is the consensus analysts' recommendation for Everspin Technologies?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Everspin Technologies.
What are Wall Street analysts saying about Everspin Technologies stock?
Here are some recent quotes from research analysts about Everspin Technologies stock:
- 1. Needham & Company LLC analysts commented, "Everspin is up ~35% over the past two days on news that Intel was integrating embedded MRAM into its 22nm FinFET CMOS technology on full 300mm wafers. We don’t know if Intel is using the Everspin’s technology but Intel’s decision certainly validates the MRAM technology, which has been the crux of the investment theme. Everspin has a licensing agreement with Global Foundries to embedded MRAM on its 22nm FD-SOI technology. We believe the major MCU suppliers will eventually replace eFlash with MRAM targeting IoT and automotive applications as it has higher endurance and faster write cycles." (2/20/2019)
- 2. According to Zacks Investment Research, "Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. " (1/9/2019)
Has Everspin Technologies been receiving favorable news coverage?
News headlines about MRAM stock have been trending somewhat positive on Wednesday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Everspin Technologies earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
Who are some of Everspin Technologies' key competitors?
Some companies that are related to Everspin Technologies include Himax Technologies (HIMX), JinkoSolar (JKS), Ichor (ICHR), CEVA (CEVA), Smart Global (SGH), Ultra Clean (UCTT), NVE (NVEC), Daqo New Energy (DQ), Aquantia (AQ), DSP Group (DSPG), NeoPhotonics (NPTN), Alpha and Omega Semiconductor (AOSL), Magnachip Semiconductor (MX), Applied Optoelectronics (AAOI) and Adesto Technologies (IOTS).
What other stocks do shareholders of Everspin Technologies own?
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 62)
- Mr. Jeffrey G. Winzeler, CFO & Sec. (Age 59)
- Mr. Angelo V. Ugge, VP of Bus. Devel. & Operations (Age 72)
- Mr. Norman L. Armour, VP of Operations (Age 61)
- Mr. Rizwan Ahmed, VP of Marketing
When did Everspin Technologies IPO?
(MRAM) raised $46 million in an initial public offering on Friday, October 7th 2016. The company issued 3,800,000 shares at a price of $11.00-$13.00 per share. Stifel and Needham & Company acted as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.
How do I buy shares of Everspin Technologies?
Shares of MRAM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Everspin Technologies' stock price today?
One share of MRAM stock can currently be purchased for approximately $8.36.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $143.01 million and generates $49.42 million in revenue each year. The business services provider earns $-17,750,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis. Everspin Technologies employs 95 workers across the globe.
What is Everspin Technologies' official website?
How can I contact Everspin Technologies?
Everspin Technologies' mailing address is 5670 W. CHANDLER BOULEVARD SUITE 100, CHANDLER AZ, 85226. The business services provider can be reached via phone at 480-347-1111.
MarketBeat Community Rating for Everspin Technologies (NASDAQ MRAM)
MarketBeat's community ratings are surveys of what our community members think about Everspin Technologies and other stocks. Vote "Outperform" if you believe MRAM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRAM will underperform the S&P 500 over the long term. You may vote once every thirty days.
