BWS Financial Downgrades Rambus Inc. (RMBS) to Hold; Uncertainty Gaining Momentum
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Price: $56.52 +0.14%
Rating Summary:
10 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
Rating Summary:
10 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
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BWS Financial downgraded Rambus Inc. (NASDAQ: RMBS) to Hold with a price target of $5.00.
Analyst, Hamed Khorsand, said, "RMBS continues to find ways to disappoint investors. Even though new licensees have been signed, the Company has not been able to generate an increase in revenue as a result of discounts to the royalty rate. It now seems, as the Company tries to gain acceptance with other patents in the portfolio, as though RMBS could be treading near breakeven for the next two to three quarters. Given such dire circumstances, it could take a longer period of time than we had first anticipated for RMBS’s stock to regain lost ground. We have decided to move to the sidelines and wait for a better moment before recommending buying the stock."
For an analyst ratings summary and ratings history on Rambus Inc. click here. For more ratings news on Rambus Inc. click here.
Shares of Rambus Inc. closed at $4.90 yesterday.
Analyst, Hamed Khorsand, said, "RMBS continues to find ways to disappoint investors. Even though new licensees have been signed, the Company has not been able to generate an increase in revenue as a result of discounts to the royalty rate. It now seems, as the Company tries to gain acceptance with other patents in the portfolio, as though RMBS could be treading near breakeven for the next two to three quarters. Given such dire circumstances, it could take a longer period of time than we had first anticipated for RMBS’s stock to regain lost ground. We have decided to move to the sidelines and wait for a better moment before recommending buying the stock."
For an analyst ratings summary and ratings history on Rambus Inc. click here. For more ratings news on Rambus Inc. click here.
Shares of Rambus Inc. closed at $4.90 yesterday.
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