Silicon Graphics International Corp (SGI) Updates Q2 Earnings Guidance
Silicon Graphics International Corp (NYSE:SGI) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.24)-($0.21) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.14), American Banking News.com reports. The company issued revenue guidance of $116.00 million, compared to the consensus revenue estimate of $128.00 million.
Silicon Graphics International Corp (NYSE:SGI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $147.00 million. During the same quarter last year, the company posted ($0.10) earnings per share. Silicon Graphics International Corp’s revenue was down 23.5% compared to the same quarter last year.
SGI has been the subject of a number of recent research reports. Analysts at DA Davidson initiated coverage on shares of Silicon Graphics International Corp in a research note to investors on Friday, November 22nd. They set a neutral rating and a $13.00 price target on the stock. Analysts at FBN Securities downgraded shares of Silicon Graphics International Corp from an outperform rating to a sector perform rating in a research note to investors on Thursday, October 31st. They now have a $15.00 price target on the stock, down previously from $16.00.
In other Silicon Graphics International Corp news, CEO Jorge Titinger sold 9,714 shares of Silicon Graphics International Corp stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $14.00, for a total value of $135,996.00. Following the transaction, the chief executive officer now directly owns 4,953 shares in the company, valued at approximately $69,342. The sale was disclosed in a document filed with the SEC, which is available at this link.
Silicon Graphics International Corp. is a technical computing company. The Company develops, markets, and sells a range of computing servers and data storage, as well as differentiating software.
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