Needham & Company Maintains a 'Hold' on Netlist (NLST); Reports Stronger Than Expected 2Q As NetVault Continues To Grow
Tweet
Share
E-mailGet Alerts NLST Hot Sheet
Price: $5.88 +18.55%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on Netlist (NASDAQ: NLST).
Needham analyst says, "NLST’s 2Q are indicative of a story that continues to bifurcate. At one level, HyperCloud adoption continues to be delayed (memory issues, litigation, OEM delays, and perhaps even the timing of Romley). On another level, NetVault products continue to surprise to the upside and have been accretive to GM (buoyed by favorable DRAM pricing). Nevertheless, we believe a realistic path to sustainable profitability is unlikely to occur until NLST either: 1) achieves a Tier One OEM win with HyperCloud; or 2) grows NetVault much faster and lowers OPEX. We maintain our Hold rating on NLST until at least one of these materializes."
For more ratings news on Netlist click here and for the rating history of Netlist click here.
Shares of Netlist closed at $1.56 yesterday.
Needham analyst says, "NLST’s 2Q are indicative of a story that continues to bifurcate. At one level, HyperCloud adoption continues to be delayed (memory issues, litigation, OEM delays, and perhaps even the timing of Romley). On another level, NetVault products continue to surprise to the upside and have been accretive to GM (buoyed by favorable DRAM pricing). Nevertheless, we believe a realistic path to sustainable profitability is unlikely to occur until NLST either: 1) achieves a Tier One OEM win with HyperCloud; or 2) grows NetVault much faster and lowers OPEX. We maintain our Hold rating on NLST until at least one of these materializes."
For more ratings news on Netlist click here and for the rating history of Netlist click here.
Shares of Netlist closed at $1.56 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- Netlist files ITC complaint against Micron over patent claims
- Nu Holdings (Nubank) (NU) PT Raised to $19 at Needham
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
