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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; mia.lamar@dowjones.com

Stock News for Gsi Technology (GSIT)
DateTimeHeadline
05/07/201516:06:40Current Report Filing (8-k)
05/07/201516:05:22Current Report Filing (8-k)
03/30/201510:27:59Vertex Capital Fighting An Uphill Battle At GSI Technologies
03/23/201512:32:29Amended Statement of Beneficial Ownership (3/a)
03/20/201517:18:04Statement of Changes in Beneficial Ownership (4)
03/20/201517:14:07Initial Statement of Beneficial Ownership (3)
03/19/201519:01:58Statement of Changes in Beneficial Ownership (4)
03/19/201518:56:48Initial Statement of Beneficial Ownership (3)
03/18/201515:10:06Amended Statement of Beneficial Ownership (sc 13d/a)
03/17/201514:40:47Current Report Filing (8-k)
03/17/201511:35:45Amended Statement of Beneficial Ownership (sc 13d/a)
02/13/201516:32:07Amended Statement of Ownership (sc 13g/a)
02/13/201516:31:38Amended Statement of Ownership (sc 13g/a)
02/13/201516:31:38Amended Statement of Ownership (sc 13g/a)
02/13/201516:31:09Amended Statement of Ownership (sc 13g/a)
02/13/201516:31:08Amended Statement of Ownership (sc 13g/a)
02/10/201517:14:21Amended Statement of Ownership (sc 13g/a)
02/10/201517:11:43Amended Statement of Ownership (sc 13g/a)
02/09/201508:12:46Quarterly Report (10-q)
02/02/201511:19:18Amended Statement of Ownership (sc 13g/a)

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