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GSI Technology Estimates 3Q Revenue To Top High End Of Target

DOW JONES NEWSWIRES GSI Technology Inc. (GSIT) estimated its fiscal third-quarter revenue will exceed its forecast and said it sees sales to its largest customer, Cisco Systems Inc. (CSCO), increasing from the preceding quarter. The maker of static random access memory products predicted revenue for the quarter ended Dec. 31 to come in above the $18.2 million to $19.2 million range targeted in October. The company also estimated direct and indirect sales to Cisco at roughly $9.7 million in the third quarter, compared with $7.9 million in the second quarter and $9.8 million a year earlier. GSI expects to report complete results for the third quarter later this month. The company in October reported its second-quarter profit dropped 68% from a year earlier after it recorded lower sales to Cisco and weaker demand from customers in Asia. Shares closed Monday at $13.31 and were inactive in premarket trade. The stock is down 10% in the past three months. -By Mia Lamar, Dow Jones Newswires; 212-416-3207;

Stock News for Gsi Technology (GSIT)
02/14/201716:11:45Amended Statement of Ownership (sc 13g/a)
02/14/201716:10:24Amended Statement of Ownership (sc 13g/a)
02/14/201712:45:40Statement of Ownership (sc 13g)
02/03/201716:08:50Quarterly Report (10-q)
01/26/201716:06:56Current Report Filing (8-k)
01/05/201717:36:14Statement of Changes in Beneficial Ownership (4)
01/05/201717:19:15Amended Statement of Changes in Beneficial Ownership (4/a)
12/08/201612:30:40Statement of Changes in Beneficial Ownership (4)
11/21/201618:06:30Statement of Changes in Beneficial Ownership (4)
11/17/201617:19:02Statement of Changes in Beneficial Ownership (4)
11/04/201616:06:28Quarterly Report (10-q)
11/02/201618:50:40Statement of Changes in Beneficial Ownership (4)
11/01/201619:14:59Statement of Changes in Beneficial Ownership (4)
11/01/201619:12:01Statement of Changes in Beneficial Ownership (4)
11/01/201619:05:40Statement of Changes in Beneficial Ownership (4)
11/01/201618:49:43Statement of Changes in Beneficial Ownership (4)
10/27/201616:06:51Current Report Filing (8-k)
09/02/201617:14:40Amended Current Report Filing (8-k/a)
08/26/201616:12:18Current Report Filing (8-k)
08/08/201616:06:13Quarterly Report (10-q)

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