RMBS reported blowout Qtr - strong revenue
Chart courtesy of stockchartsRAMBUS said after the market close that quarterly revenue rose 24% over a year earlier, driven by new patent licensing agreements. Fourth-quarter revenue was $51.7 million from a revenue of $41.6 million a year earlier. The stock was up 0.71 or 4% to 18.19$. Looking at the chart, the stock has broken out an important resistance at 18$ before earnings, let's see if tomorrow this resistance will support the stock. According to this earnings report I'm Bullish in the stock, however my only fear is the stock option grants. RMBS said it won't complete its restatement by the Feb. 9 deadline set by Nasdaq's listing qualifications panel, and said it has asked the listing council to stay the move, but there's no assurance the stay will be granted. It's a dificult decision , but the results have been great, it's my opinion.
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That's all. Have a nice evening !!!!
AC
Labels: RMBS
