Rambus Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Rambus (Nasdaq: RMBS  ) are ringing in the new year with some upside, up by as much as 11% today after the company updated its fourth-quarter guidance.

So what: For the quarter that ended Dec. 31, it sees revenue guidance of approximately $83 million, topping previously provided guidance of between $66 million and $71 million.

Now what: The press release is devoid of any details beyond that, and didn't attribute the strength to any particular reasons. The Street consensus called for $69 million, so Rambus has left that estimate in the dust.

Interested in more info on Rambus? Add it to your watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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