Rambus (RMBS) Tops Q1 EPS by 8c; Guides Q2 Revenue Below Expecations

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Rambus (RMBS) PT, Estimates Bumped at Jefferies Post Q1

April 21, 2015 8:40 AM EDT

Jefferies analyst Sundeep Bajikar bumped estimates and his price target on Rambus Inc. (NASDAQ: RMBS) to $13.00 (from $12.00) following Q1 results but maintained a Hold rating. The analyst noted licensing progress.

commented, "Rambus has announced multiple new licensing agreements so far this year, with each... More