Media headlines about GSI Technology (NASDAQ:GSIT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. GSI Technology earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 47.0191931688579 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Separately, Needham & Company LLC restated a “hold” rating on shares of GSI Technology in a report on Thursday, October 26th.
GSI Technology (NASDAQ GSIT) opened at $8.25 on Tuesday. GSI Technology has a fifty-two week low of $5.58 and a fifty-two week high of $9.68. The firm has a market cap of $173.94, a P/E ratio of -41.25 and a beta of 0.78.
GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $9.65 million during the quarter, compared to analyst estimates of $10.50 million. During the same quarter last year, the company posted $0.03 EPS. GSI Technology’s quarterly revenue was down 27.8% compared to the same quarter last year.
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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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