Needham Maintains Buy on Everspin Technologies, Lowers Price Target to $8
$MRAM
Semiconductors
Technology
Needham analyst Quinn Bolton maintains Everspin Technologies (NASDAQ:MRAM) with a Buy and lowers the price target from $12 to $8.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2022 | $12.00 → $13.00 | Strong Buy | Needham |
| 11/12/2021 | $10.00 → $12.00 | Strong Buy | Needham |
Q3'24 revenue of $12.1 million in-line with guidance and EPS of $0.10 exceeded guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024. "We are pleased to report third quarter revenue in-line with our guidance and GAAP net income per diluted share ahead of our guidance, driven by our new contract wins, and our cost containment efforts," said Sanjeev Aggarwal, President and Chief Executive Officer. "We had new contracts during the quarter, showcasing the strength of our
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, October 30 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies' Third Quarter 2024 Financial Results Conference Call When: Wednesday, October 30, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.
Lucid has integrated Everspin's MRAM Across Multiple High-Performance EV Models, Strengthening Data Reliability and System Performance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Lucid Motors will use its PERSYST MRAM in its recently released Gravity SUV. The MR25H256A, a 256Kb serial MRAM, was selected because it meets the AEC Q100 Grade 1 specification of -40C to 125C temperature operation. The MRAM is used in the Gravity to handle data logging and parameter storage to assist in the efficient operation of the all-electric powertrain. "The select
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Needham reiterated coverage of Everspin Technologies with a rating of Strong Buy and set a new price target of $13.00 from $12.00 previously
Needham reiterated coverage of Everspin Technologies with a rating of Strong Buy and set a new price target of $12.00 from $10.00 previously
Appoints Matthew Tenorio as Interim Chief Financial Officer; Reiterates Q2 24 GuidanceEverspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024.Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO.
This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024.
Craig-Hallum analyst Richard Shannon maintains Everspin Technologies (NASDAQ:MRAM) with a Buy and lowers the price target from $11 to $10.
Appoints Matthew Tenorio as Interim Chief Financial Officer; Reiterates Q2 24 Guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024. Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO. Tenorio rejoined Everspin in June 2024 as an independent consultant providing services in support of finance operations. He previously served as the Company's Cor
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced its inclusion in the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024. The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of Friday, June 28, 2024, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which lasts for one year, guaran
Seasoned financial leader brings deep experience delivering operational efficiency and profitable growth Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024. Berenbaum will succeed Greg Cameron, who will remain with the company until mid-May 2024 to ensure a smooth transition. "We're thrilled to have Dan join our leadership team," said KR Sridhar, Founder, Chairman and Chief Executive Officer. "He stood out among an exceptional group of finalists by showing a strong record of success across the board – on scaling and strategy; on financial discipline and cost r
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Q3'24 revenue of $12.1 million in-line with guidance and EPS of $0.10 exceeded guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024. "We are pleased to report third quarter revenue in-line with our guidance and GAAP net income per diluted share ahead of our guidance, driven by our new contract wins, and our cost containment efforts," said Sanjeev Aggarwal, President and Chief Executive Officer. "We had new contracts during the quarter, showcasing the strength of our
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, October 30 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies' Third Quarter 2024 Financial Results Conference Call When: Wednesday, October 30, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.
Q2'24 revenue of $10.6 million in-line with guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the second quarter ended June 30, 2024. "Our second quarter revenue and GAAP net loss per basic share came in in-line with our guidance," said Sanjeev Aggarwal, President and Chief Executive Officer. "Despite a slower start to the year, we continue to see a path towards a stronger second half supported by design wins with our PERSYST 4Mb to 128Mb STT-MRAM product family, especially in the European and Asia Pacif