Netlist (NLST) Showing Signs of Recovery From Inventory Glut, Roth Capital Reiterates Buy
Get Alerts NLST Hot Sheet
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 42
Join SI Premium – FREE
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Roth Capital analyst Suji Desilva reiterated a Buy rating and $1.50 price target on Netlist (NASDAQ: NLST) after the company reported 4Q20 revenue of $11.5m (+12.5% q/q) ahead of consensus as storage and infrastructure customer ordering patterns continued to recover from the mid-CY20 inventory digestion. Gross margin contracted to 12.7% (-40bps q/q) reflecting greater NAND availability. Management guided for
modest 1Q21 revenue growth coupled with gross margin reflecting stability with improving mix offsetting any pricing trends.
The analyst stated "NLST reported healthy growth and recovery in 4Q20 revenue ahead of consensus reflecting stabilizing storage/memory industry dynamics and recovering data center demand. We believe that NLST’s intermediate-term SSD/hybrid memory opportunity remains healthy and that key litigation catalysts have meaningful upcoming milestones for the company."
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 $0.55 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Charles Schwab Corp. (SCHW) PT Raised to $76 at Jefferies Into EPS
- Sonova Holding AG (SOON:SW) (SONVY) PT Raised to CHF217 at Goldman Sachs
- Amundi (AMUN:FP) (AMUDF) PT Raised to EUR79 at Goldman Sachs
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Roth CapitalSign 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!