Somewhat Favorable News Coverage Somewhat Unlikely to Impact GSI Technology (GSIT) Share Price

Media coverage about GSI Technology (NASDAQ:GSIT) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GSI Technology earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.8991246470214 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of GSI Technology (GSIT) opened at $7.18 on Friday. GSI Technology has a 1 year low of $5.58 and a 1 year high of $9.68.

GSI Technology (NASDAQ:GSIT) last announced its earnings results on Thursday, October 26th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07). GSI Technology had a negative return on equity of 4.93% and a negative net margin of 10.08%. The firm had revenue of $9.65 million for the quarter, compared to analyst estimates of $10.50 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue was down 27.8% compared to the same quarter last year.

Separately, Needham & Company LLC restated a “hold” rating on shares of GSI Technology in a research report on Thursday, October 26th.

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GSI Technology Company Profile

GSI Technology, Inc is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment.

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