Somewhat Favorable Media Coverage Somewhat Unlikely to Impact GSI Technology (GSIT) Stock Price

News coverage about GSI Technology (NASDAQ:GSIT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty 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 daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.2226385797364 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

GSI Technology (NASDAQ:GSIT) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.09). The business had revenue of $10.69 million during the quarter, compared to analyst estimates of $11.50 million. GSI Technology had a negative return on equity of 2.19% and a negative net margin of 4.11%. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of GSI Technology in a report on Monday, July 31st.

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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.

Insider Buying and Selling by Quarter for GSI Technology (NASDAQ:GSIT)

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