Peraso (PRSO) Scheduled to Post Quarterly Earnings on Monday

Peraso (NASDAQ:PRSO) is set to issue its quarterly earnings data after the market closes on Monday, August 12th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. Peraso has set its Q2 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Peraso (NASDAQ:PRSO) last posted its earnings results on Monday, May 13th. The company reported ($1.47) earnings per share for the quarter, beating the consensus estimate of ($2.02) by $0.55. Peraso had a negative net margin of 135.95% and a negative return on equity of 201.79%. The firm had revenue of $2.82 million during the quarter, compared to the consensus estimate of $2.60 million. On average, analysts expect Peraso to post $-3 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Peraso Stock Performance

Peraso stock opened at $1.23 on Friday. Peraso has a fifty-two week low of $1.15 and a fifty-two week high of $16.96. The firm has a 50 day moving average price of $1.43 and a 200 day moving average price of $1.69. The company has a market capitalization of $3.31 million, a PE ratio of -0.06 and a beta of 1.82.

Analyst Ratings Changes

Several equities analysts have commented on PRSO shares. LADENBURG THALM/SH SH started coverage on shares of Peraso in a research note on Wednesday, June 12th. They issued a “buy” rating and a $3.75 price target for the company. Benchmark restated a “speculative buy” rating and issued a $4.00 price target on shares of Peraso in a research note on Wednesday, July 17th.

Insiders Place Their Bets

In other Peraso news, Director Ian Mcwalter purchased 100,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average price of $1.27 per share, for a total transaction of $127,000.00. Following the completion of the purchase, the director now directly owns 101,246 shares in the company, valued at approximately $128,582.42. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.30% of the company’s stock.

Peraso Company Profile

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.