Rambus Rises On Ruling
Rambus (RMBS) gapped up this morning and closed 20.34 percent higher at 22.23, after a federal judge ruled the company did not unlawfully destroy evidence in its patent litigation with Hynix Semiconductor (HXSCL). Rambus could be a stock to watch this month, as it is slated to release earnings on Monday, January 16th. Looking back over the past five earnings reports, I notice that the stock has missed once and matched once, but it has beaten the estimate three times, by very substantial margins.
Find out about a free subscription from Sachaeffers here.
Posts
No comments:
Post a Comment