Silicon Graphics International Corp Price Target Cut to $9.50 (SGI)
Stock analysts at DA Davidson cut their price objective on shares of Silicon Graphics International Corp (NYSE:SGI) from $12.25 to $9.50 in a report issued on Friday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 9.45% from the stock’s previous close.
Separately, analysts at Sidoti initiated coverage on shares of Silicon Graphics International Corp in a research note on Wednesday, April 2nd. They set a “buy” rating on the stock.
Shares of Silicon Graphics International Corp (NYSE:SGI) traded up 0.23% during mid-day trading on Friday, hitting $8.70. 23,513 shares of the company’s stock traded hands. Silicon Graphics International Corp has a 52-week low of $8.16 and a 52-week high of $20.98. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $12.39. The company’s market cap is $300.6 million.
Silicon Graphics International Corp (NYSE:SGI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by $0.06. The company had revenue of $124.00 million for the quarter, compared to the consensus estimate of $131.33 million. On average, analysts predict that Silicon Graphics International Corp will post $-0.50 earnings per share for the current fiscal year.
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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