Spansion (CODE) Scheduled to Post Quarterly Earnings on Thursday
Spansion (NASDAQ:CODE) is set to announce its earnings results on Thursday, October 31st. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Spansion (NASDAQ:CODE) opened at 12.53 on Wednesday. Spansion has a 1-year low of $9.96 and a 1-year high of $14.54. The stock has a 50-day moving average of $11.04 and a 200-day moving average of $12.06. The company’s market cap is $735.9 million.
A number of research firms have recently commented on CODE. Analysts at Zacks upgraded shares of Spansion from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $11.20 price target on the stock. On a related note, analysts at Needham & Company raised their price target on shares of Spansion from $15.00 to $16.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Finally, analysts at Barclays upgraded shares of Spansion from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 30th. They now have a $15.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Spansion currently has a consensus rating of “Buy” and an average target price of $14.89.
Spansion Inc (NASDAQ:CODE) is a designer, manufacturer and developer of Flash memory semiconductors.
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