Rambus Inc. (RMBS) Forms $8.15 Double Bottom; Last Week GoDaddy Inc. (GDDY) Coverage – The Financial Examiner

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Rambus Inc. (RMBS) formed double bottom with $7.42 target or 9.00% below today’s $8.15 share price. Rambus Inc. (RMBS) has $884.28 million valuation. The stock decreased 0.85% or $0.07 during the last trading session, reaching $8.15. About 388,302 shares traded. Rambus Inc. (NASDAQ:RMBS) has declined 44.60% since January 16, 2018 and is downtrending. It has underperformed by 44.60% the S&P500. Some Historical RMBS News: 07/05/2018 – Rambus 1Q Rev $46.4M; 04/05/2018 – Rambus, GigaDevice, THG Ventures Form Reliance Memory to Develop RRAM; 06/03/2018 – Rambus Closes Above 200-Day Moving Average: Technicals; 20/03/2018 – RAMBUS TO LICENSE DPA COUNTERMEASURES TO BEIJING TONGFANG; 04/05/2018 – RAMBUS FORMS JV IN CHINA TO DEVELOP RRAM TECHNOLOGY; 07/05/2018 – CORRECT: RAMBUS 1Q ADJ LOSS/SHR 10C; 27/04/2018 – Rambus Shareholder Advisory Vote on Executive Compensation Gets 42.5M Votes Against, 38.6M For; 07/05/2018 – CORRECT: RAMBUS SEES 2Q ADJ LOSS/SHR 13C TO 20C; 07/05/2018 – Rambus 1Q Loss/Shr 36c; 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Rambus

Among 4 analysts covering GoDaddy (NYSE:GDDY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. GoDaddy had 5 analyst reports since July 23, 2018 according to SRatingsIntel. On Monday, August 6 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock has “Buy” rating by Citigroup on Thursday, October 11. Barclays Capital maintained the stock with “Overweight” rating in Monday, July 23 report. See GoDaddy Inc. (NYSE:GDDY) latest ratings:

28/11/2018 Broker: Morgan Stanley Rating: Buy New Target: $88.0000
11/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
14/09/2018 Broker: Wedbush Rating: Neutral New Target: $85 Initiates Coverage On
06/08/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $72 New Target: $81 Maintain
23/07/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $77 New Target: $84 Maintain

Investors sentiment increased to 0.86 in Q3 2018. Its up 0.09, from 0.77 in 2018Q2. It is positive, as 12 investors sold Rambus Inc. shares while 60 reduced holdings. 25 funds opened positions while 37 raised stakes. 82.37 million shares or 4.06% less from 85.85 million shares in 2018Q2 were reported. Gemmer Asset Lc holds 0% in Rambus Inc. (NASDAQ:RMBS) or 809 shares. 1 are owned by Huntington Natl Bank. Sei Invs has invested 0% in Rambus Inc. (NASDAQ:RMBS). Bancorp Of America Corp De owns 44,313 shares for 0% of their portfolio. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Rambus Inc. (NASDAQ:RMBS) for 12,672 shares. Wells Fargo And Communications Mn accumulated 0% or 182,580 shares. Great West Life Assurance Can reported 137,775 shares or 0% of all its holdings. Pnc Financial Svcs Gp invested in 0% or 2,541 shares. Employees Retirement Association Of Colorado owns 23,857 shares. Piedmont Invest Advisors Inc holds 0.01% or 24,713 shares. Gsa Cap Prtn Llp holds 0.09% of its portfolio in Rambus Inc. (NASDAQ:RMBS) for 150,437 shares. Jpmorgan Chase & holds 3.95M shares or 0.01% of its portfolio. Commerzbank Aktiengesellschaft Fi, Germany-based fund reported 46,428 shares. Quantbot L P holds 0.08% in Rambus Inc. (NASDAQ:RMBS) or 108,293 shares. Credit Suisse Ag holds 0% of its portfolio in Rambus Inc. (NASDAQ:RMBS) for 333,843 shares.

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Analysts await Rambus Inc. (NASDAQ:RMBS) to report earnings on February, 4. They expect $0.21 earnings per share, up 61.54% or $0.08 from last year’s $0.13 per share. RMBS’s profit will be $22.79 million for 9.70 P/E if the $0.21 EPS becomes a reality. After $0.18 actual earnings per share reported by Rambus Inc. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Since October 1, 2018, it had 0 buys, and 2 insider sales for $125,730 activity. $63,284 worth of stock was sold by Kim Jae on Monday, December 3. The insider KISSNER CHARLES sold 5,896 shares worth $62,446.

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company has market cap of $10.91 billion. It provides domain name registration product that enables to engage clients at the initial stage of establishing a digital identity; hosting and presence products, such as shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, and security. It has a 84.84 P/E ratio. The firm also offers Website builder, an online tool that enables clients to build Websites; online store product that allows clients to create their own standalone Website with an integrated online store optimized for mobile shopping; and search engine visibility product that helps clients get their Websites found on search sites through search engine optimization.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Benzinga.com which released: “GoDaddy Furthers Commitment to Open Internet with Sponsorship of AdoptOpenJDK – Benzinga” on January 15, 2019, also Investorplace.com with their article: “Even If It Stays Competitive, Shopify Stock Has Valuation Problems – Investorplace.com” published on December 19, 2018, Seekingalpha.com published: “Citi upgrades GoDaddy after correction – Seeking Alpha” on October 11, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Seekingalpha.com and their article: “GoDaddy -4 despite Q2 beats, upside guide; net income attributable down Y/Y – Seeking Alpha” published on August 02, 2018 as well as Benzinga.com‘s news article titled: “GODADDY, INC. (NYSE:GDDY) – A Preview Of GoDaddy’s Q3 Earnings – Benzinga” with publication date: November 06, 2018.

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