Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rambus Reports Third Quarter Financial Results
http://finance.yahoo.com/news/rambus-reports-third-quarter-financial-200500678.html
Business Wire
Business and Financial Highlights:
Generated quarterly revenue of $69.7 million
Introduced family of DPA resistant cryptographic cores
Announced DDR4/3 PHY interoperability with Northwest Logic
GAAP diluted net income per share of $0.05; non-GAAP diluted net income per share of $0.13
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus Inc. (RMBS), the innovative technology solutions company that brings invention to market, today reported financial results for the third quarter ended September 30, 2014.
GAAP Financial Results:
Revenue for the third quarter of 2014 was $69.7 million, down 9% on a sequential basis from the second quarter of 2014 primarily due to a one-time catch-up payment from the new license agreement signed with Qualcomm during the second quarter of 2014 and lower royalty revenue from NVIDIA. As compared to the third quarter of 2013, revenue was down 5% primarily due to lower royalty revenue from Samsung and NVIDIA, offset by the license agreements signed with Qualcomm and Micron Technology.
Revenue for the nine months ended September 30, 2014 was $224.5 million, which was up 13% over the prior year period, primarily due to the license agreements signed with SK hynix, Micron Technology, Nanya Technology Corporation and Qualcomm, partially offset by lower royalty revenue from Samsung.
Total operating costs and expenses for the third quarter of 2014 were $55.2 million, 2% lower than the previous quarter and 14% lower than the third quarter of 2013. Third quarter operating costs and expenses of $55.2 million included $3.4 million of stock-based compensation expenses and $6.7 million of amortization expenses. In comparison, total operating costs and expenses for the second quarter of 2014 of $56.4 million included $4.9 million of stock-based compensation expenses, $6.8 million of amortization expenses and $1.0 million of retention bonus expense from acquisitions. Total operating costs and expenses for the third quarter of 2013 were $64.2 million, which included $3.4 million of stock-based compensation expenses, $8.1 million of impairment of goodwill, $1.1 million of restructuring charges, $7.4 million of amortization expenses and $1.5 million of retention bonus expense from acquisitions. The change in total operating costs and expenses in the third quarter of 2014 as compared to the second quarter of 2014 was primarily due to decreased stock-based compensation expenses and retention bonus expense from acquisitions. The change in total operating costs and expenses in the third quarter of 2014 as compared to the third quarter of 2013 was primarily attributable to impairment of goodwill and restructuring charges in the third quarter of 2013 and lower retention bonus expense from acquisitions partially offset by higher cost of sales associated with the sale of lighting products and bonus expense.
Total operating costs and expenses for the nine months ended September 30, 2014 were $166.8 million, 8% lower than the nine months ended September 30, 2013. The nine months operating costs and expenses of $166.8 million included $11.2 million of stock-based compensation expenses, $20.3 million of amortization expenses and $2.5 million of retention bonus expense from acquisitions. This is compared to total operating costs and expenses for the nine months ended September 30, 2013 of $181.8 million, which included $11.9 million of stock-based compensation expenses, $8.1 million of impairment of goodwill, $3.3 million of restructuring charges, $8.5 million one-time reversal of accrued SK hynix related litigation costs, $21.4 million of amortization expenses and $8.9 million of retention bonus expense from acquisitions. The change in total operating costs and expenses was primarily attributable to impairment of goodwill and restructuring charges in 2013 and lower retention bonus expense from acquisitions, partially offset by higher cost of sales associated with the sale of lighting products and as a result of the one-time reversal of accrued SK hynix related litigation costs in the second quarter of 2013.
Net income for the third quarter of 2014 was $5.5 million as compared to net income of $5.0 million in the second quarter of 2014 and net loss of $5.7 million in the third quarter of 2013. Diluted net income per share for the third quarter of 2014 was $0.05 as compared to diluted net income per share of $0.04 in the second quarter of 2014 and diluted net loss per share of $0.05 in the third quarter of 2013.
Net income for the nine months ended September 30, 2014 was $18.4 million as compared to a net loss of $24.0 million for the same period of 2013. Diluted net income per share for the nine months ended September 30, 2014 was $0.16 as compared to a diluted net loss per share of $0.21 for the same period of 2013.
Non-GAAP Financial Results (1):
Total non-GAAP operating costs and expenses in the third quarter of 2014 were $45.1 million, 3% higher than the previous quarter, and 5% higher than the third quarter of 2013.
Total non-GAAP operating costs and expenses for the nine months ended September 30, 2014 were $132.8 million as compared to $136.2 million in the same period of 2013 due primarily to lower general litigation expenses offset by higher cost of sales associated with the sale of lighting products.
Non-GAAP net income in the third quarter of 2014 was $14.8 million, 22% lower than the prior quarter and 15% lower than the third quarter of 2013. Non-GAAP diluted net income per share was $0.13 in the third quarter of 2014 as compared to $0.16 in the prior quarter and $0.15 in the third quarter of 2013.
Non-GAAP net income for the nine months ended September 30, 2014 was $53.4 million as compared to $33.3 million in the same period of 2013. Non-GAAP diluted net income per share was $0.45 for the nine months ended September 30, 2014 as compared to non-GAAP diluted net income per share of $0.29 for the nine months ended September 30, 2013.
Other Financial Highlights:
Cash, cash equivalents, and marketable securities as of September 30, 2014 were $271.1 million, an increase of $24.7 million from June 30, 2014.
During the third quarter of 2014, the Company recorded an income tax provision of approximately $5.3 million. As the Company continues to maintain a full valuation allowance against its U.S. deferred tax assets, the Company’s tax provision consists of primarily foreign withholding taxes.
Fourth Quarter 2014 Outlook:
For the fourth quarter of 2014, the Company expects revenue to be between $70 million and $75 million. Revenue is not without risk and includes expectations that the Company will sign new customers for patent as well as solutions licensing.
RMBS 3Q earnings 10/20 AMC
Rambus to Announce Third Quarter 2014 Results
Today : Monday 13 October 2014
Rambus Inc. (Nasdaq: RMBS), the innovative technology solutions company that brings invention to market, will hold a conference call on October 20, 2014 at 2:00 p.m. Pacific Time to discuss its third quarter 2014 results.
This call will be webcast and can be accessed via Rambus' web site at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website or for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 12537633.
I'm trying to find out if RMBS is the new partner of an OTC pink I'm in. Wondering why the drop lately and with directors, etc. selling shares. The DD I have is a little cryptic, but leads me to believe RMBS may be it. Could they be positioning to take gains on the OTC pink? Announcement from my end is on 10/21, after which, on the 29th, the OTC pink claims to be filing Form 10 to reregister and be SEC compliant.
Thanks for the input, all.
W
like watching the chart for a pattern to buy in
Not that I have read about.
Here's two links you can check for news...
http://www.streetinsider.com/stock_lookup.php?q=rmbs&LookUp=Get+Quote
http://finviz.com/quote.ashx?t=rmbs
Does anyone know of any news about Rambus talking with EPGL ?
Zacks' Bull Of The Day: Rambus
Oct. 3, 2014 2:14 PM ET
http://seekingalpha.com/article/2539275-zacks-bull-of-the-day-rambus
Headquartered in Sunnyvale, CA, Rambus (NASDAQ:RMBS) is a technology solutions company, focusing on the semiconductor industry. It was founded in 1990 and had its IPO in May 1997. They have regional offices in France, India, Japan, Korea and Taiwan.
The company designs, develops, licenses and markets technology solutions for memory systems for smartphones and tablets and advanced security solutions for cloud computing and mobile devices.
According to the company, they are “futuristic technologists who bring invention to market from architectural licensing, to the creation of products and services”.
Diversified Portfolio with Leadership in Memory Solutions
While historically the company focused on technologies for electronic memories and chip interfaces, they have been expanding in new areas including chip and system security and LED based lighting.
Since 1994. Rambus has maintained substantial lead in introducing innovative solutions in memory technology. The company’s Memory and Interface Division (MID) designs memory and serial link interfaces, primarily for mobile servers, and accounts for about 70% of the revenue.
Cryptography Research (CRI), which accounts for about 20% of revenues, delivers DPA countermeasures, content protection, anti-counterfeiting and key management technologies for mainly for smart cards and smart phones/tablets.
Excellent Second Quarter Results
Rambus reported its Q2 2014 results on July 21. Revenue for the quarter was $76.5 million, which was at the high end of their upwardly revised guidance of $75 million to $77 million, and was up 32% year-over-year.
Pro forma net income for the quarter was $18.9 million also above their guidance. Net income per share was $0.13, significantly ahead of the Zacks Consensus Estimate of $0.05 per share.
The management provided their guidance for the third quarter with the results; they now expect revenue to be between $68 million and $73 million and pro forma net income to be between $12 million and $18 million. They however maintained their guidance for FY 2014 provided earlier this year.
Guidance was slightly lower compared to street estimates and thus the stock did slide after the results.
Rising Earnings Estimates
After solid results, analysts have increased their estimates for the company. Zacks Consensus Estimates for FY 2014 and 2015 are now $0.21 per share and $0.34 per share respectively, up from $0.20 per share and $0.30 per share, 30 days ago.
As can be seen from the following “Price & EPS Surprise” chart, Rambus has delivered positive surprises consistently in last nine quarters.
Looks Poised to Beat Earnings Consensus in Q3
With an ESP (Expected Surprise Prediction) of 20.0%, Rambus looks well positioned to deliver a positive earnings surprise for the third quarter. Zacks Earnings ESP is a proprietary tool that helps investors find expected earnings surprises by focusing on the most recent analyst revisions.
Long-Term Growth Drivers
Rambus management sees significant growth opportunities in both mobile and server verticals.
In the new era of “The Internet of Things (IoT)”, enormous amount of data will be generated and carried across the networks and will lead to substantial growth opportunities for companies that can provide services and solutions for capturing, securing and moving this data. Rambus look well positioned to capitalize on this trend with its innovative solutions for connected clients, cloud datacenters and networks.
Rambus expects to growth its revenue by 12-18% per year in the longer-term. Licensing agreements continue to be stable and recurring revenue source for Rambus as it continues to monetize its patents.
The Bottom-Line
Memory industry continues to be attractive with memory and links being the key enablers for mobile and cloud systems. Rambus’ memory business looks well positioned to provide growing cash flows going forward. Further, with increasing security breaches at all levels, security is becoming an increasing concern, which will help the company expand its technology and products portfolio and provide more effective data security solutions.
Rambus CEO Gets Chip Designer Back In High Gear
By PETE BARLAS, INVESTOR'S BUSINESS DAILY
09/26/2014 04:47 PM ET
When Ron Black joined Rambus as president and chief executive in June 2012, the company's earnings and revenue were falling, and the next month, Rambus stock would touch a 10-year low below 4.
Black's task: refocus Rambus (NASDAQ:RMBS).
The company, which licenses its designs for memory and application-specific chips, began working more closely with customers after ending long-running patent feuds with chip companies, including SK Hynix and Micron Technology (NASDAQ:MU), that had hindered its growth. Black laid off 75 employees, 15% of the workforce, in 2012 to curb costs.
Today, Rambus' year-over-year revenue has grown by double digits the past four quarters, while EPS has reached triple-digit growth twice in that span.
And Rambus stock is up more than 35% this year.
Black recently spoke with IBD about the company's turnaround.
IBD: Is Rambus a turnaround story?
Black: I would characterize it as a rebound. The original strategy was to monetize patents through aggressive tactics and litigation. That worked for a while, but it's really not an optimum way to create value for shareholders.
Last year, we settled a patent litigation (suit with Hynix). Instead of being in conflict with customers, we said, "Let's use our technical expertise to work with them." This is the kind of thing we couldn't have ever done before with this litigious past.
IBD: What other changes did you make?
Black: We were burning cash. The market cap was $400 million or $500 million. We were going to be in a net negative cash position and we had a convertible (debt loan) that was coming due in 12 to 18 months.
We had to do a workforce reduction. The company was rather fat on the G&A (general and administrative) side. (The job cuts) saved $35 million in annual expense.
We also stopped investing in some things that weren't going to drive shareholder value.
IBD: Is the company also benefiting from a renewed memory industry?
Black: It helps. If a customer is making money, it's easier for them to pay you than if they are not. The fact that the memory business is profitable allows them to look at strategic alternatives.
IBD: Company revenue rose 32% in Q2 primarily because of license agreements with Micron, Qualcomm (NASDAQ:QCOM) and others. Why are those deals important?
Black: We solve hard engineering problems for customers. We create intellectual property in the form of designs and patents. The designs are something that you can integrate into a semiconductor chip, and the patents give you the rights to use those designs.
We show the industry these leadership capabilities. The industry integrates them into their products. Those deals are a combination of technology and patent licenses.
IBD: Where does your revenue come from?
Black: About 50% is from dynamic random access memory used in computers, tablets, handsets and data centers. The companies that use them are Hynix, Micron and Samsung.
The other half is licensing to system-on-a-chip companies like Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NYSE:AMD), which make microprocessors or application-specific integrated circuits, those other things that connect to memory devices. We also license security products, cryptography and computational imaging, which is how you use processing to actually improve still photos and video and LEDs, or light-emitting diodes — little chips that emanate light.
IBD: Why license chip designs instead of making chips yourself?
Black: The industry largely has gone to a fabless model (where most chipmakers don't actually manufacture their chips in fabrication plants). Very few companies can afford to develop the process technology that makes the chip and invest in the manufacturing. It's about $500 million a year for process technology and many billions of dollars to build a fab.
What makes Rambus interesting is companies pay for long-term agreements of between five and 10 years. It gives a long period to collaborate on things and generates a lot of revenue over a period of time.
IBD: How has your profit risen by triple-digit percentages over the past four quarters?
Black: We did a reduction in force to control expenses. The company was not as focused on expense control. By having a tight control on expenses, it means that engineers can't keep doing A and B (projects); they have to chose A or B. And through that choice, we tend to get superior results. Tight expense control produces better results.
IBD: In Q2, Rambus beat analyst revenue estimates by $3 million. Why is your Q3 revenue projection flat to below vs. the year-earlier number?
Black: In the first half of this year we closed deals we had planned to close in the second half, so some things just happened earlier than we had anticipated.
IBD: In June, Qualcomm became the first company to license the Rambus Cryptomanager. What is that product? Do you expect to sign more customers this year?
Black: It provides security (to chips) throughout the manufacturing process. During the (manufacturing) process, people can hack the device (chip). They can put nasty things in there. Or they can steal it.
(With our product) you can turn off the chip and make it unusable without the code we provide.
The other thing it does is control the configuration, the different capabilities on it. You can say, 'I want function A and function B to work, but I don't want functions C, D, E and F to work.' We give (customers) a secret key to control that.
Qualcomm is the lead customer, and we are working with many others to try to expand that base.
IBD: What's the company's biggest challenge?
Black: It's about just continuing what we are doing and growing more both organically and inorganically. We are very proactive in looking at acquisitions. The question is: How fast can we grow this company?
Investor's Business Daily:
http://news.investors.com/technology-tech-exec-qanda/092614-719193-rambus-rebound-continues-with-new-ceo.htm#ixzz3EdaGLa7B
Citigroup target $17
Thanks to sabatino at IV for the link.
========================
Citigroup
Rambus Inc. (NASDAQ:RMBS) stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research noteissued to investors on Tuesday. They currently have a $17.00 price target on the stock, up from their previous price target of $16.00. Citigroup Inc.’s target price suggests a potential upside of 23.55% from the company’s current price. On last trading day Rambus Inc. (NASDAQ:RMBS) fell -0.92% to close at $11.79. RMBS is -20.45% away from its 52 week high and is moving 48.30% ahead of its 52 week low. Rambus Inc. (NASDAQ:RMBS) return on investment (ROI) is 0.10% while return on equity (ROE) is -0.80%.
[url]http://www.wallstreetscope.com/top-news-china-housing-and-land-development-nasdaqchln-rambus-nasdaq
rmbs-sysco-corporation-nysesyy-china-yuchai-international-limited-nysecyd-polycom-nasdaqplcm/258680/[/url]
More on the Jefferies TGT
Rambus (RMBS) PT Bumped to $15 at Jefferies
http://www.streetinsider.com/Analyst+PT+Change/Rambus+%28RMBS%29+PT+Bumped+to+%2415+at+Jefferies/9678672.html
Jefferies analyst Sundeep Bajikar reiterated a Hold rating and boosted its price target on Rambus Inc. (NASDAQ: RMBS) to $15.00 (from $14.00) following Q2 results.
Bajikar comments, "Q2 results and guidance indicate good execution and progress in engaging customers with advanced technology. While quarterly visibility into specific business segments or customers is likely to remain limited near term, we continue to believe Rambus is in a good position to monetize its advanced IP in an environment where semiconductor device scaling challenges are likely to intensify further."
The firm trimmed Q3 EPS from $0.07 to $0.02 and FY 2014 EPS from $0.23 to $0.16 and FY 2015 EPS from $0.56 to $0.35.
Support/Resistance
Type Value Conf.
resist. 16.58 1
resist. 14.69 6
resist. 14.38 4
resist. 14.03 2
resist. 13.01 4
resist. 12.48 6
supp 11.88 3
supp 11.58 6
supp 11.30 3
supp 11.04 2
supp 9.57 2
supp 9.12 2
re: "When was the last time RMBS spiked on earnings..."
Hey mahi mahi man,
April last year, maybe?? Been awhile. Just not enough buying interest by retail or institutional. If institutions are buying now the next couple updates on Institutional Ownership will tell. JMO
When was the last time RMBS spiked on earnings, I do not recall it ever happening..??
More coverage. Stock down?
Institutions and Funds own only half the outstanding shares. Seems to me this action taking the share price down (notice the 100 share lots) resembles a Wall St effort to shake out the weak retail hands so the institutions can accumulate more shares. JMO.
Price Targets raised
Credit to sotb at IV for the find.
Jefferies Group Boost Price Target $14.00 -> $15.00 Citigroup Boost Price Target $16 -> $17
http://www.analystratings.net/stocks/NASDAQ/RMBS/?RegistrationCode=SocialMedia-Twitter
Rambus weakness a buying opportunity, says Citigroup
Citigroup recommends using the post-Q2 earnings weakness in shares of Rambus as a buying opportunity. Citi says management continues to guide conservatively and it raised its price target for the stock to $17 from $16.
http://www.theflyonthewall.com/permalinks/entry.php/RMBSid2040917/RMBS-Rambus-weakness-a-buying-opp
ortunity-says-Citigroup?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=theflyonthewall.com
2Q CC Transcript
After the intro by Satish Rishi...
Now, I will turn the call over to Ron.
Ron Black - President and Chief Executive Officer
Thank you, Satish and good afternoon everyone. We had a great second quarter with revenue of $76.5 million which came in at the high end of our upwardly revised guidance and was up 32% year-over-year. Our pro forma net income was $18.9 million also above our guidance and we were again GAAP profitable sticking to our goal of maintaining that profitability quarter after quarter.
As a result, we are happy with our first half financial performance, especially in light of the fact that there were some significant downsides such as the revenue expected from Sony PS3, that were offset by securing new customer. Satish will provide more detail on this in his section but in summary while we are ahead of our plan today, we are not raising our full year guidance. As I have mentioned on previous calls, our approach to setting guidance is that multiple ways to achieve the range and always avoid creating a situation where a customer will demand price reduction in order for us to achieve the quarterly forecast.
Sometimes this results in us exceeding our guidance range or lumpy revenue but I can assure you that this is the result of what we believe to be an appropriately forecasting methodology. So while there are scenarios where we can exceed at the annual guidance of $295 million to $305 million, at this point we simply can't commit to them.
One of the big highlights of the quarter was the launch of CryptoManager, our secure feature management platform with Qualcomm as lead customer. This platform provides chip and device companies with a hardware root of trust as well as an infrastructure that enables end-to-end security through the SoC design and manufacturing process. We are working closely with Qualcomm to integrate this solution into their application processes to provide advanced hardware based security provisioning throughout the manufacturing process.
Feedback from the market on CryptoManager has been excellent. We are engaged with several new customers as we come out of stealth mode. We have a wealth of information about CryptoManager on our Web site and have created a video that shows the benefit of CryptoManager solution in a fund easy to digest manner. Please check it out. Touching on the strategic and tactical relevance of CryptoManager, I think that you all agree that security is an important topic as the news is often highlighting enormous security breaches. We believe that CryptoManager platform can be a game changer in helping our customers and their customers improve security.
If you recall, we have speaking a lot about the importance of collaborating with the industry and finding ways to more broadly engage to deliver our solutions. This was the basis for our decision last quarter to join the JEDEC JC-40 committee and it provides us a platform from which we can work with the industry to help define and drive important requirements to improve power and performance in cloud and server based memory environments.
One of the things that I am happy to consistently report on is the fact that the memory industry is once again healthy and consequently becoming more influential in driving system architecture. We believe that some of our architectural innovations can dramatically improve power and performance and we hinted at some strategic programs at our Analyst Day in June although we were necessarily vague because the program is still in stealth mode. What we did indicate, however, is that the opportunity was on the order of $450 million today growing to over $600 million by 2018.
I am happy to report today that we have signed a memorandum of understanding with a large, strategic customer and have initiated development on the program which will run through 2015 and is expected to generate significant revenues for us in 2016. At Satish will outline in more detail later, we are increasing our expenses in the second half given the enormous growth potential for this program.
Looking back over the last two years, we are proud of our accomplishment. We started with profitability through a modest restructuring, augmentation of the strategy to collaborate with the industry and profitably resolve litigation, refinement of our portfolio by curtailing investment in some areas to afford more in other areas, and most recently with the launch of truly innovative solutions like CryptoManager. With this positive momentum in completion of the turnaround, we are increasingly looking forward to determine how we best collaborate with the industry and influence future architectures in the cloud, in mobile and in the Internet of Things.
To this end, we have created chief scientist positions and promoted Paul Kocher, who we previously was the General Manager of our cryptography division, and Craig Hampel, who is a Rambus fellow focused on memory and system architecture, to be Rambus chief scientists. You will be hearing more from both Paul and Craig in the near future. Martin Scott, formerly our CTO, will be taking over from Paul running our cryptography division. Martin has extensive experience as a General Manager having scaled several businesses in HP and PMC-Sierra. Laura Stark will expand her role and strategy and also run Martin's previous group which included Rambus labs, our lighting division and our new initiatives. Laura's group is called emerging solutions division.
In closing, I believe we are well situated to capitalize on the right opportunities and are properly structured to grow the business. We are building the right teams and investing in the right areas to build for the future growth and I am confident that revenue will follow suit. We believe we have several avenues in line that could more than double the size of the company in the coming years. With that, I will turn the call back over to Satish to give a read out on the quarterly results. Satish?
More here:
http://seekingalpha.com/article/2327595-rambus-rmbs-ceo-ron-black-on-q2-2014-results-earnings-call-transcript?part=single
Threejack, not tripplejack
Hey bunghoze,
You have me confused with the poster "tripplejack" at IV.
Don't see any crash myself. Just AH market disappointed with flat 3Q guidance.
Will read the CC transcript.
Rambus Reports Second Quarter Financial Results
http://finance.yahoo.com/news/rambus-reports-second-quarter-financial-200500500.html
tripplejack, any idea what's up over on IV board? crash on earnings day.
JP Morgan Raises Target: $15-$15.50
Credit to sotb at IV for the find.
7/18/2014 JPMorgan Chase & Co. Boost Price Target $15.00 -> $15.50
analystratings.net
Ditto, My friend. :)
2Q Earnings Call 7/21
After the close.
http://ih.advfn.com/p.php?pid=nmona&article=62899709
re: too much work and a waste of time
Hey eastunder,
There ARE a lot of trades, buys and sells, long and short.
If you are trading 10K shares in and out several times a month for pennies, and you are right more often than you are wrong, maybe you can pay the rent and buy some groceries.
Me? Not that desperate. Yet :)
Threejack
Good Morning TJ!
I used to look at American bulls but I don't trade like that.
If you look at their signal history it's too active for me. Take the start for the year at 1-3-04 on that list where it targeted 9.60 as a buy and then run up thru the list of sells and buys all the way to the top at 14.39.
Is it any good? Well if we take just what we see in front of us - some people might find that very good.
But I would have found that too much work and a waste of time.
American Bull says "Stay Long"
Thanks to dshostakovich at IV for the find.
http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=RMBS
Eastunder, you trade Rambus. Do you agree? Familiar with this site? Any good in your opinion?
(OT) Proud to be an American!
Happy Fourth of July, America!
http://www.history.com/topics/holidays/july-4th
So True!
Nice analogy.
Personally, Gaps are probably like the Hockey moves you remember.
You never know for sure what will happen.
Nice thing is we do own it so either way works.
Gap fill works best though for me. ;)
ARRRRRRRRR!
I like Upgrades and I like Very Bullish
I just hate open Up Gaps.
But that's just me.
As for breakaway gaps, sure.
Used to play hockey as a young guy. Used to get big eyes when I got a breakaway opportunity.
Didn't always score...
Too much speculation at IV about
some new high volume customer or new license with a name firm. Seen this many times over the last decade, haven't we, eastunder?
"If wishes were horses, beggars would ride."
My guess is there is no big announcement in the short term (2Q) and the share price pulls back.
Personally, this beggar prefers the gap at 12.38 gets filled and the share price continues a steady trot up.
Rambus PT Raised to $17.00 at Topeka Capital Markets (RMBS)
Posted by Zach Kirkland on Jun 16th, 2014 // No Comments
(and WE HAVE THIS UPGRADE. lol)
(and WE ARE VERY BULLISH HERE: http://www.stockta.com/cgi-bin/analysis.pl?symb=rmbs&num1=1&cobrand=&mode=stock)
Rambus Inc. logoTopeka Capital Markets lifted their target price on shares of Rambus (NASDAQ:RMBS) from $15.00 to $17.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price indicates a potential upside of 24.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Rambus from $13.00 to $14.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Rambus from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $13.40 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rambus in a research note on Tuesday, April 22nd. They now have a $13.50 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.23.
Rambus (NASDAQ:RMBS) opened at 13.64 on Thursday. Rambus has a 52-week low of $7.95 and a 52-week high of $14.11. The stock’s 50-day moving average is $12.02 and its 200-day moving average is $10.2. The company’s market cap is $1.551 billion.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The company had revenue of $78.29 million for the quarter, compared to the consensus estimate of $72.48 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that Rambus will post $0.29 EPS for the current fiscal year.
Or be a breakaway and never look back....well almost always never look back? Gaps - go figure?
We are now above a resistance line which is in our favor, plus we broke out above the 12.68 on volume with that gap
But a pull back brings us back in the bollies, tests a major MA like a 20 or a 50 day,brings the bollies back together, keeps the sma's still in order and makes for a stronger chart.
That would be a typical move on a healthy LT stock.
12.38 gap
Would like to see Rambus fill the gap before it gets too ahead of itself.
Topeka Capital raises target: $17
Credit to Marsal at IV for the find.
Topeka Capital Markets lifted their target price on shares of Rambus (NASDAQ:RMBS) from $15.00 to $17.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price indicates a potential upside of 24.63% from the company’s current price.
http://www.wkrb13.com/markets/322354/rambus-pt-raised-to-17-00-at-topeka-capital-markets-rmbs
This is a nice gap to see. ;)
Gap at 12.38
We don't like gaps do we, eastunder?
Nice little move today...
There is life after litigation after all. Sure be nice to see some follow through tomorrow and into next week.
Convertible Bond Payment
Rambus said it will pay its bondholders the $172MM due 6/15/14 in cash from its $400MM cash and marketable securities.
Must expect solid future cash flow to use so much existing cash to payoff the bond next week.
Bullish sign and a testament to both the efficacy of their licensing business model and to the performance of Dr. Black and his leadership team.
JMO
Rambus 2014 Analyst Day - Slide Presentations
Credit to the Great Sabatino at IV.
PDF Ron Black, CEO - Overview
PDF Jerome Nadel, CMO - Engagement
PDF Paul Kocher, President, Cryptography Research Division - Digital Trust
PDF Kevin Donnelly, General Manager, Memory & Interface Division - Memory Innovation
PDF Martin Scott, Chief Technology Officer - Fueling Growth
Well those two posts explain why the move this morning. Thanks!
You just made checking much easier! :)
Good Morning to you!
(And a good morning for RMBS :)
Breaking out, but with a gap. (12.38)
Volume will be key.
(This one hasn't updated itself as I post it - but it will at some point today and then, of course, this sentence I'm typing won't make sense. LOL! Just pointing that out for right now 8:04 MT)
Rambus Updates 2Q Guidance
Rambus Inc. (NASDAQ:RMBS), the innovative technology solutions company that brings invention to market, today updated its revenue guidance for the second quarter of 2014 to be between $75 million and $77 million, up from the initial range of $69 million to $74 million. There was no change to its guidance of pro forma operating costs and expenses. For the full year 2014, the Company reiterated its revenue guidance to be between $295 million and $305 million.
http://ih.advfn.com/p.php?pid=nmona&article=62525758
Qualcomm Signs Rambus License
Agreement enables broad adoption of Rambus technologies for inclusion in Qualcomm chipsets
Rambus Inc. (NASDAQ:RMBS) today announced that it has signed a comprehensive patent license agreement with Qualcomm Global Trading Pte. Ltd., a subsidiary of Qualcomm Incorporated. The agreement provides Qualcomm Incorporated and its subsidiaries with access to innovative patented memory, interface, and security technologies from Rambus. Other terms of the agreement are confidential.
“This agreement highlights our ongoing commitment to providing access to valuable memory and security technologies to industry leaders,” said Dr. Ron Black, president and chief executive officer at Rambus. “Engaging with Qualcomm with this agreement gives us an opportunity to collaborate with the broader industry to bring compelling solutions to the segment.”
In addition to certain high-performance, low-power memory innovations, this agreement provides Qualcomm Incorporated and its subsidiaries with access to patented security technologies developed by the Cryptography Research (CRI) division of Rambus. These security technologies include countermeasures for protecting integrated circuit systems on a chip (SoCs) against differential power analysis and other side channel attacks.
Rambus continues to innovate across memory architectures and security to meet the emerging requirements of device-driven segments like mobile and cloud. Working with industry leaders like Qualcomm positions Rambus’ inventions for broad adoption.
http://ih.advfn.com/p.php?pid=nmona&article=62525757
Thank You US Veterans and Your Families
...for your service and your sacrifice. Our nation is in your debt.
Always.
Agree!
Perhaps R+ has a hope of widespread adoption. Will be looking for new licensing announcements in the not-to-distant future.
GreaT News! Rambus Rejoins JEDEC... I find this to be very bullish.
Good job Ron Black!
http://www.eetimes.com/document.asp?doc_id=1322370&piddl_msgid=299463#msg_299463
Followers
|
190
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
17023
|
Created
|
08/07/02
|
Type
|
Free
|
Moderators |
Company Profile
Rambus Inc. engages in the creation, design, development, and licensing of patented innovations, technologies, and architectures to digital electronics products and systems.
The company's patented innovations include Dual Edge Clocking that is designed to allow data to be sent on the clock pulse; FlexPhase technology, which synchronizes data output and compensates for circuit timing errors in memory systems; Module Threading that improves the throughput and power efficiency of a memory module; MicroLens, a technology that is used in light-emitting diodes (LED) edge-lit lighting applications; TruEdge, which transfers light from LEDs into a light guide; and Differential Power Analysis Countermeasures that secures electronic devices and systems from side-channel attacks.
It also licenses technology solutions, including leadership and industry-standard solutions for use in digital electronics products and systems, such as XDR Memory Architecture that enables the production of dynamic random access memory (DRAM); XDR2 Memory Architecture that incorporates DRAM micro-threading for graphics intensive applications comprising gaming and digital video; FlexIO Processor Bus, a high speed chip-to-chip interface that provides the interface between the Cell BE, the RSX graphics processor, and the SouthBridge chip; The Pentelic Lighting Solutions that offer LED-based lighting products; and The CryptoFirewall Security Core, which delivers an unmatched level of protection for digital media.
In addition, the company offers industry-standard chip interface solutions, including DDRx and digital logic controllers for PCI Express and other industry standard interfaces. Rambus Inc. was founded in 1990 and is headquartered in Sunnyvale, California.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |