Silicon Graphics International Corp (SGI) Posts Quarterly Earnings, Beats Expectations By $0.11 EPS
Silicon Graphics International Corp (NYSE:SGI) issued its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.12) by $0.11, Analyst Ratings Network reports. The company had revenue of $142.00 million for the quarter, compared to the consensus estimate of $138.33 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 17.0% on a year-over-year basis.
On the ratings front, analysts at DA Davidson cut their price target on shares of Silicon Graphics International Corp from $12.25 to $9.50 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock.
Shares of Silicon Graphics International Corp (NYSE:SGI) traded up 2.00% on Wednesday, hitting $9.19. 233,084 shares of the company’s stock traded hands. Silicon Graphics International Corp has a 1-year low of $8.16 and a 1-year high of $20.77. The stock has a 50-day moving average of $9.32 and a 200-day moving average of $10.87. The company’s market cap is $317.6 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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