Peraso Wins $11.3M in Orders for Memory Integrated Circuit Products
Portfolio Pulse from Benzinga Newsdesk
Peraso Inc. (NASDAQ:PRSO) has received purchase orders totaling $11.3 million for its memory integrated circuit products. These orders are associated with the end-of-life program for these products, with shipments expected to extend through 2024.
September 26, 2023 | 11:36 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Peraso Inc. has received significant orders for its memory integrated circuit products, which could positively impact its revenues in the short term.
The news of Peraso receiving $11.3 million in orders for its memory integrated circuit products is directly related to the company and its revenues. This could lead to a positive impact on the company's stock in the short term as it indicates strong demand for its products.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100