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GSI Technology Faces Mixed Analyst Ratings Following Q3 Earnings

2 reports, 2 independent Updated Oct 25
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AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

GSI Technology reported quarterly earnings on July 30th, posting ($0.13) earnings per share, which surpassed the consensus estimate of ($0.19). However, the company reported revenue of $6.31 million, falling short of analyst expectations of $7.30 million. Analyst coverage for GSI Technology has varied, including a recent downgrade from sell to strong sell by Wall Street Zen, while Needham & Company LLC set a “buy” rating and a $9.00 price objective when starting coverage on September 14th.

From tickerreport.com

Why it matters

Some supportBrind's analysis of the reports

The company's earnings report showed a negative net margin of 62.90% and a negative return on equity of 21.39%. The conflicting analyst ratings and the mixed financial results influence the stock's consensus rating, which currently stands at “Hold” with a consensus target price of $9.00.

From tickerreport.com

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