Needham & Company Upgrades Netlist (NLST) to Hold

January 17, 2014 1:30 PM EST
Get Alerts NLST Hot Sheet
Price: $1.06 -2.75%

Rating Summary:
    5 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 22 | New: 54
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Needham & Company upgraded Netlist (NASDAQ: NLST) from Under Review to Hold.

"While the timing of a more meaningful revenue ramp at NLST remains uncertain (and the cash position diminished) we believe that the recently-announced patent wins significantly increase the probability of successful licensing on both the ‘537 patent (challenged by Inphi) and the pending litigation with Diablo on hybrid memory," analyst Richard Kugele said.

For an analyst ratings summary and ratings history on Netlist click here. For more ratings news on Netlist click here.

Shares of Netlist closed at $1.30 yesterday.

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