QuickLogic (QUIK) Earning Somewhat Favorable News Coverage, Analysis Shows
Media stories about QuickLogic (NASDAQ:QUIK) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. QuickLogic earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 47.0618085257726 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Mid-Afternoon Market Update: US Stocks Turn Lower; ABM Industries Shares Slide – Benzinga (benzinga.com)
- QuickLogic Collaborates with Mentor to Provide Seamless Design Environment for eFPGA Technology – GlobeNewswire (press release) (globenewswire.com)
- ETFs with exposure to QuickLogic Corp. : December 14, 2017 (finance.yahoo.com)
- Technical Focus: Tracking Shares of Quicklogic Corp (QUIK) – Lockport Press (lockportpress.com)
A number of equities analysts have issued reports on the company. ValuEngine cut QuickLogic from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded QuickLogic from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Roth Capital upgraded QuickLogic from a “neutral” rating to a “buy” rating and increased their price target for the stock from $1.50 to $2.00 in a report on Monday, September 11th.
QuickLogic (QUIK) opened at $1.68 on Friday. QuickLogic has a twelve month low of $1.04 and a twelve month high of $2.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.27 and a current ratio of 2.61.
QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, November 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). QuickLogic had a negative return on equity of 76.28% and a negative net margin of 120.37%. The company had revenue of $2.97 million for the quarter, compared to analyst estimates of $3.02 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. QuickLogic’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts predict that QuickLogic will post -0.17 earnings per share for the current year.
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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