FBN Securities Downgrades Silicon Graphics International Corp to Sector Perform (SGI)
Silicon Graphics International Corp (NASDAQ:SGI) was downgraded by FBN Securities to a “sector perform” rating in a research note issued on Friday, Analyst RN reports. They currently have a $15.00 price objective on the stock, down from their previous price objective of $16.00. FBN Securities’ price objective points to a potential upside of 21.95% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee cut their price target on shares of Silicon Graphics International Corp from $22.00 to $20.00 in a research note to investors on Friday, October 11th. They now have a “buy” rating on the stock. Analysts at Needham & Company cut their price target on shares of Silicon Graphics International Corp from $22.00 to $20.00 in a research note to investors on Friday, October 11th. They now have a “buy” rating on the stock.
Shares of Silicon Graphics International Corp (NASDAQ:SGI) traded down 3.57% during mid-day trading on Friday, hitting $12.30. The stock had a trading volume of 1,787,780 shares. Silicon Graphics International Corp has a 1-year low of $7.31 and a 1-year high of $20.98. The stock has a 50-day moving average of $15.37 and a 200-day moving average of $15.10. The company’s market cap is $421.6 million.
Silicon Graphics International Corp., formerly Rackable Systems Inc, is a provider of clustered computing and storage, high-performance compute and storage, and data center technologies integrated with a choice of software, customer support services and professional services.
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