Super Micro Computer Inc. Hits New 52-Week High at $14.09 (SMCI)
Shares of Super Micro Computer (NASDAQ:SMCI) hit a new 52-week high during trading hours on Friday, American Banking News.com reports. The company traded as high as $14.09 and last traded at $14.02, with a volume of 57,332 shares trading hands. The stock had previously closed at $14.01.
Several analysts have recently commented on the stock. Analysts at Needham & Company raised their price target on shares of Super Micro Computer from $13.00 to $15.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Analysts at TheStreet upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 17th.
Super Micro Computer has a 52 week low of $7.85 and a 52 week high of $14.08. The stock has a 50-day moving average of $13.37 and a 200-day moving average of $11.6. The company has a market cap of $601.7 million and a price-to-earnings ratio of 29.07.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.05. The company had revenue of $322.30 million for the quarter, compared to the consensus estimate of $305.38 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that Super Micro Computer will post $1.10 EPS for the current fiscal year.
Super Micro Computer, Inc develops and provides end-to-end green computing solutions for Enterprise IT, Datacenter, Cloud Computing, High Performance Computing (NASDAQ:SMCI), and Embedded Systems globally.
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