Posts for Ticker ‘Rambus’

Rambus Earnings: Heads or Tails? (RMBS)

Rambus Inc. (NASDAQ: RMBS) has just posted earnings with a net loss of 0$0.14 EPS on revenues of $40.5 million.  First Call had estimates of -$0.10 EPS and $40 million in revenues.  There may be items in that net loss number, so we’d evaluate the conference call and items listed in the press release before hanging our hat on any numbers..

Rambus noted its cash and equivalents at December 31, 2007 were $440.9 million.  The company noted a rise in litigation expenses up $4.4 million sequentially as general litigation expenses for the quarter were $16.1 million.

No guidance was offered, so treat this as an incomplete report.  Shares closed up 1.3% at $20.13 in regular trading today, and after the report shares were just trading down about 1% at $19.86 in thin volume after-hours trading activity.  The 52-week trading range is $12.05 to $23.95.

Jon C. Ogg
February 4, 2008

Posted on: February 4, 2008 – 4:29 pm in Earnings, Semiconductor, ,

An Earnings Look Ahead On Rambus (RMBS)

On Monday after the close, we’ll get to see earnings out of Rambus Inc. (NASDAQ: RMBS). The estimates from First Call for the royalty chip company are -$0.10 EPS on $40 million in revenues, although we caution this is very thinly covered .  Estimates for fiscal 2008 are $0.25 EPS on $240.5 million in revenues.

It appears that analysts have an average price target of $28.  If Friday’s closing prices are any indicator and if the earnings were coming out immediately, it appears that options traders would be pricing in a move of up to $1.25 to $1.40 in either direction.

If you have been following Rambus, you’ll probably remember that it recently escaped the options probe mostly unscathed.  There was also the recent departure of its chief legal officer that many had noted was responsible for many of the design wins that had allowed it to keep its royalties.

Rambus’ 52-week trading range is $12.05 to $23.95.

Jon C. Ogg
February 2, 2008

Posted on: February 2, 2008 – 9:52 am in Earnings, Semiconductor, ,