Rambus (RMBS) Posts Quarterly Earnings, Beats Expectations By $0.17 EPS
Rambus (NASDAQ:RMBS) issued its quarterly earnings data on Thursday. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.17, StockRatingsNetwork reports. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $70.50 million.
RMBS has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 9th. On a related note, analysts at Zacks downgraded shares of Rambus from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th. They now have a $11.20 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.07.
Rambus (NASDAQ:RMBS) traded up 0.63% on Thursday, hitting $9.60. The stock had a trading volume of 1,034,412 shares. Rambus has a 1-year low of $4.01 and a 1-year high of $10.85. The stock has a 50-day moving average of $8.97 and a 200-day moving average of $8.39. The company’s market cap is $1.080 billion.
Rambus Inc (NASDAQ:RMBS) is a technology solutions company.
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