Rambus (RMBS) shares have plunged 27.4% over the past three months, underperforming the Zacks Electronics - Semiconductors industry's return of 8.4%. RMBS stock also underperformed the Zacks Computer and Technology sector and the S&P 500. The underperformance can mainly be attributed to its lower-than-expected top-line results for the third quarter of 2024. Rambus is facing a slowdown in revenue growth due to the broader enterprise market shifting its focus toward artificial intelligence (AI) and machine le ...

Rambus (RMBS) shares have plunged 32.2% over the past three months, underperforming the Zacks Electronics - Semiconductors industry's return of 2.6%. RMBS stock also underperformed the Zacks Computer and Technology sector and the S&P 500. Given this underperformance, investors are wondering whether this drop reflects underlying weaknesses, or is it a temporary pullback that offers a buying opportunity. Reason Behind RMBS Stock's Underperformance Rambus stock's underperformance was mainly due to its lower-th ...

Rambus (RMBS) shares rallied 10.8% in the last trading session to close at $42.47. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.7% loss over the past four weeks. The optimism surrounding the stock can be attributed to the rising adoption of Ramus' products. The company is rapidly expanding its portfolio with innovative product launches which helps in attracting more customers. Recently, it launched the ...

Rambus (RMBS) shares have plunged 42% year to date (YTD) against the Zacks Electronics - Semiconductors industry's growth of 13.6%. RMBS stock also underperformed the Zacks Computer and Technology Sector and the S&P 500's growth of 14.6% and 15%, respectively, in the YTD period. Rambus stock has declined significantly since its second-quarter 2024 results, wherein its revenues fell short of the analysts' expectations. Moreover, a massive decline in GAAP earnings per share also turned investors cautious abou ...

MoMo Productions/DigitalVision via Getty Images Investment Thesis New York Mortgage Trust (NASDAQ:NYMT) recently missed top-line and bottom-line estimates in the last quarter earnings, igniting a sell-off in the stock over the past trading week. I believe the stock is now trading at an attractive discount to adjusted book value, with strong liquidity to enhance the balance sheet in a potentially weakening economy. Management has shown to be strong capital allocators and excited for opportunistic growth oppo ...

Investment Rating - The report assigns a positive outlook for Rambus, indicating expectations for revenue growth in the upcoming quarters, particularly driven by strong product performance and market demand for DDR5 technology [2][12]. Core Insights - Rambus reported total revenue of $132.1 million for Q2 FY2024, a year-over-year increase of 10.3% from $119.8 million in the same quarter last year, primarily driven by strong demand in high-value memory products [5][17]. - The company experienced significant growth in operating profit, which reached $40.3 million, up 244.4% from $11.7 million in the previous year, resulting in an operating margin of 31% compared to 10% last year [5][17]. - Despite the overall revenue growth, net income decreased by 78.6% to $36.1 million from $168.9 million in the previous year, attributed to various factors including changes in revenue recognition [5][17]. Revenue Breakdown Product Revenue - Product revenue amounted to $56.7 million, a 3.1% increase year-over-year, driven mainly by DDR5 technology [8][17]. Royalty Revenue - Royalty revenue was $56.4 million, up 38.6% from $40.7 million in the previous year, with licensing fees at $61.5 million, reflecting a 2.2% increase [9][17]. Contract and Other Revenue - Contract and other revenue decreased by 21.2% to $1.9 million, primarily consisting of silicon IP, which is expected to grow due to increasing demand driven by AI applications [11][17]. Q3 FY2024 Guidance - Rambus anticipates Q3 FY2024 revenue to be between $144 million and $150 million, with royalty income projected between $59 million and $65 million, and licensing fees expected between $60 million and $66 million [12][17]. - Product revenue is expected to be between $62 million and $68 million, with a forecast of double-digit growth both sequentially and year-over-year [12][17]. Market Position and Future Outlook - Rambus is well-positioned in the DDR5 market, with ongoing developments in high-performance memory solutions and a strong focus on AI-driven applications [13][15]. - The company is expanding its market opportunities through strategic investments in innovative products, particularly in the areas of power management integrated circuits (PMICs) and silicon IP solutions [14][15].

A double miss on quarterly estimates displeased the market greatly. Rambus (RMBS -6.19%) had a week to forget, at least as far as its shares were concerned. The chip interface technologies company saw its stock price fall precipitously in the wake of its latest earnings release. All told, it lost nearly 29% over the course of the five trading days, according to data compiled by S&P Global Market Intelligence. Steep decline on the bottom line After market hours on Monday, Rambus bit the bullet and divulged i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |----------------------------------------------------------------------------- ...

I believe that Rambus' prospects are strong, even though this investment thesis is not blemish-free. Essentially, I discuss what I believe is a questionable use of capital, particularly given the overall macro environment. Ultimately, I believe that Rambus has compelling prospects, especially given its strong focus on being cash flow generative. Rambus (NASDAQ:RMBS) delivered a lackluster outlook that saw its share drop 10% premarket. RMBS Q2 2024 As noted in their earnings call, Rambus is seeing positive c ...

This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this memory chip designer would post earnings of $0.44 per share when it actually produced earnings of $0.45, delivering a surprise of 2.27%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. What's Next for Rambus? Empirical research shows a strong correlation b ...