RMBS Stock Recent News
RMBS LATEST HEADLINES
Rambus (RMBS) closed at $68.60 in the latest trading session, marking a +0.16% move from the prior day.
Rambus (RMBS) introduces Gen4 DDR5 Registering Clock Driver for data center workloads with data rate capabilities of up to 7200 MT/s.
Rambus (RMBS) reachead $69.65 at the closing of the latest trading day, reflecting a +0.43% change compared to its last close.
In the closing of the recent trading day, Rambus (RMBS) stood at $68.62, denoting a -1.22% change from the preceding trading day.
The latest trading day saw Rambus (RMBS) settling at $67.38, representing a -1.29% change from its previous close.
RMBS has generated a 20.69% alpha against the S&P since April 2023. We expect it to continue to outperform for the following year. The firm printed strong Q3 earnings which is positive for the future. The transition to DDR5 and tight inventories in other memory parts are expected to drive price increases and revenue growth for RMBS.
Companies that underpromise and over-deliver are a joy for shareholders and analysts alike. Like underdogs, these mighty yet soft-spoken companies surprise with actions, not words.
Rambus is capitalizing on computing megatrends but still faces the risk of disruption and rising competition. The company is effectively positioned to leverage the aggressive increase in demand for data center computing and remains in pole position with its product portfolio. Wall Street and Alpha Spread's relative valuations, although more optimistic than my own, echo my 'buy' rating.
Rambus announced better-than-expected third-quarter results, with revenue and earnings well above previous guidance. Management credited strong execution and the rise of AI and other advanced workloads.
Rambus Inc. (NASDAQ:RMBS ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Desmond Lynch - Senior Vice President & Chief Financial Officer Luc Seraphin - President & Chief Executive Officer Conference Call Participants Gary Mobley - Wells Fargo Securities Mehdi Hosseini - SIG Kevin Cassidy - Rosenblatt Securities Nam Kim - Arete Research Sidney Ho - Deutsche Bank Operator Welcome to the Rambus Third Quarter Fiscal Year 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.