Rambus Inc (RMBS)
Rambus Inc. (RMBS) is a technology licensing company specializing in high-speed memory and interface chip technology. Founded in 1990, Rambus develops innovative semiconductor and system solutions primarily for the computing, communication, and consumer electronics markets. The company is known for its intellectual property licensing business model, which focuses on enabling faster and more efficient data transfer in electronic devices.
Company News
The global SerDes market is growing due to rising demand for high-speed data transmission, expansion of data centers and cloud computing, and advancements in communication technologies. The market is expected to reach $2.7 billion by 2032, growing at a CAGR of 13.3% from 2024 to 2032.
Rambus, a chip interface technologies company, saw its stock price fall nearly 29% after reporting weaker-than-expected Q2 earnings. The company's revenue grew 10% year-over-year, but net income declined sharply, missing analyst estimates.
Rambus (RMBS) has seen a 17% increase in its short interest, with 4.75% of its shares sold short. This indicates increased bearish sentiment, though Rambus has less short interest than its peers on average.
Based on the average brokerage recommendation (ABR), Rambus (RMBS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
