Analyst Scott Kessler of S&P Capital IQ maintains his BUY rating on the shares of Realnetworks (NASDAQ: RNWK).
In a research note published yesterday, the analyst mentions that the
company reported Q1 loss per share of $0.49 vs a loss of $0.36, that
was $0.09 worse than the Capital IQ consensus estimate. Realnetworks’
revenues fell 17%, marginally above the Capital IQ consensus forecast.
The company’s fundamental story has been challenged for a number of
quarters, the analyst says. The company is looking into better focus and
to generate shareholder value, as SaaS and games operations being
strategic alternatives. Realnetworks has around $287 million in
cash/short term investment, with turnaround efforts ensuing, according
to S&P Capital IQ.
No comments:
Post a Comment