Brokerages forecast that Netlist, Inc. (NASDAQ:NLST) will post $9.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Netlist’s earnings, with the lowest sales estimate coming in at $9.80 million and the highest estimate coming in at $10.00 million. Netlist posted sales of $5.54 million in the same quarter last year, which suggests a positive year over year growth rate of 78.7%. The business is scheduled to issue its next earnings report on Wednesday, April 4th.

On average, analysts expect that Netlist will report full-year sales of $9.90 million for the current year, with estimates ranging from $39.60 million to $39.80 million. For the next year, analysts forecast that the business will report sales of $51.60 million per share, with estimates ranging from $48.40 million to $54.80 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Netlist.

Separately, Zacks Investment Research cut Netlist from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th.

Netlist (NLST) opened at $0.34 on Friday. The company has a debt-to-equity ratio of -2.78, a quick ratio of 1.39 and a current ratio of 1.78. Netlist has a 12-month low of $0.25 and a 12-month high of $1.40.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP boosted its holdings in Netlist, Inc. (NASDAQ:NLST) by 16.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,400,500 shares of the semiconductor company’s stock after buying an additional 200,000 shares during the quarter. Royce & Associates LP owned approximately 1.99% of Netlist worth $1,029,000 at the end of the most recent reporting period. 20.58% of the stock is owned by institutional investors and hedge funds.

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Netlist Company Profile

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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