Media coverage about QuickLogic Corporation (NASDAQ:QUIK) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. QuickLogic Corporation earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.081008656804 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- QuickLogic to Showcase Latest eFPGA and Sensor Processing Solutions at ARM TechCon 2017 (feeds.benzinga.com)
- QuickLogic Announces Timing of Third Quarter 2017 Financial Results Conference Call – GlobeNewswire (press release) (globenewswire.com)
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded QuickLogic Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Roth Capital raised QuickLogic Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $1.50 to $2.00 in a report on Monday, September 11th. Finally, ValuEngine cut QuickLogic Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2.50.
QuickLogic Corporation (QUIK) traded down 6.79% on Friday, hitting $1.51. The company’s stock had a trading volume of 231,336 shares. The company has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.48. QuickLogic Corporation has a 1-year low of $0.76 and a 1-year high of $2.48. The company’s market capitalization is $120.97 million.
QuickLogic Corporation (NASDAQ:QUIK) last issued its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $3.03 million during the quarter, compared to analyst estimates of $3.20 million. QuickLogic Corporation had a negative net margin of 130.99% and a negative return on equity of 84.50%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) earnings per share. On average, equities analysts forecast that QuickLogic Corporation will post ($0.17) earnings per share for the current fiscal year.
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About QuickLogic Corporation
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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