Streetbeat News

MRAM

Everspin Technologies, Inc.

https://www.everspin.com

Industry

Semiconductors

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment manufacturers and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Needham analyst Quinn Bolton maintains a Buy rating on Everspin Technologies (NASDAQ:MRAM) but lowers the price target from $12 to $8.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:19 am

Everspin Technologies reported mixed Q1 financial results and provided Q2 revenue guidance below expectations, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:01 pm

Everspin Technologies forecasts Q2 total revenue to be between $10M-$11M, below the estimated $13.95M. The company also anticipates a GAAP net loss per basic share of $(0.14)-($0.09), contrary to the expected profit of $0.05 per share.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:56 pm

Everspin Technologies (NASDAQ:MRAM) reported Q1 2024 GAAP EPS of $(0.01), missing the $0.03 estimate, with sales of $14.430M beating the $14.050M estimate. This represents a 125% decrease in earnings and a 2.80% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:41 pm

In Wednesday's after-market session, several information technology stocks showed significant movement. Brand Engagement Network, Castellum, My Size, Wetouch Technology, FormFactor, and Kopin were among the gainers, with notable increases in their stock prices. On the other hand, Fastly, Freshworks, Everspin Technologies, Qorvo, Kulicke & Soffa Industries, and Aviat Networks experienced declines, largely attributed to their latest earnings reports.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:31 pm

Everspin Technologies announced a rebranding to PERSYST, aiming to simplify its persistent memory solutions. This move reflects the company's focus on innovation and market leadership in the MRAM technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:13 am

Everspin Technologies has applied for the CHIPS Incentives Program to expand its 200mm MRAM capacity and enhance long-term R&D IP capability.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:08 pm

Needham analyst Quinn Bolton reiterated a Buy rating on Everspin Technologies (NASDAQ:MRAM) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:58 pm

Everspin Technologies forecasts its Q1 2024 GAAP EPS to be around $0.5, significantly higher than the estimated $0.06. However, its revenue projection of $13.5M-$14.5M falls short of the expected $15.60M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:30 pm

Everspin Technologies (NASDAQ:MRAM) reported Q4 earnings with an EPS of $0.09, missing estimates by -25.0% against an expected $0.12. Revenue increased by $1.01 million from the previous year. The company's past earnings performance shows a pattern of mixed results, with the last quarter's miss leading to an 11.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 9:05 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.