Silicon Graphics International Corp (SGI) Posts Quarterly Results
Silicon Graphics International Corp (NYSE:SGI) released its earnings data on Wednesday. The company reported ($0.40) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.22) by $0.18, Analyst Ratings Network.com reports. The company had revenue of $116.00 million for the quarter, compared to the consensus estimate of $116.00 million.
Several analysts have recently commented on the stock. 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.
Silicon Graphics International Corp (NYSE:SGI) traded down 1.39% on Wednesday, hitting $13.50. 401,064 shares of the company’s stock traded hands. Silicon Graphics International Corp has a 52 week low of $11.46 and a 52 week high of $20.98. The stock’s 50-day moving average is $13.1 and its 200-day moving average is $14.63. The company’s market cap is $462.5 million.
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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