Rambus, Inc. (NASDAQ:RMBS) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, RMBS is expected to report 2Q20 income of $ 0.25 per share from revenue of $ 100.87 million.
For the full year, analysts anticipate top line of $ 399.52 million, while looking forward to income of $ 1.00 per share bottom line.
Previous Quarter Performance
Rambus, Inc. recorded loss for the first quarter of $ 0.07 per share, from the revenue of $ 63.99 million. The quarterly revenues lowered 35.25 percent compared with the same quarter last year. The consensus estimates are income of $ 0.23 per share from $ 99.50 million in revenue. The bottom line results missed street analysts by $ 0.3 or 130.43 percent, at the same time, top line results fell short of analysts by $ 35.51 million or 35.69 percent.
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Stock Performance
According to the previous trading day, closing price of RMBS was $ 14.76, representing a 63.82 % increase from the 52 week low of $ 9.01 and a 13.07 % decrease over the 52 week high of $ 16.98.
The company has a market capital of $ 1.67 billion and is part of the Technology sector and Semiconductor Memory industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”RMBS” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 17th June 2020, maintained by Jefferies Financial Group at Hold rating, with $ 17.00 target price.
Conference Call
Rambus, Inc. will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rambus.com
Rambus Inc. provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions.
