Stifel Nicolaus Reiterates “Buy” Rating for Super Micro Computer (SMCI)
Super Micro Computer (NASDAQ:SMCI)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Wednesday. They currently have a $32.00 price objective on the stock, up from their previous price objective of $30.00. Stifel Nicolaus’ target price indicates a potential upside of 28.98% from the company’s current price.
Separately, analysts at Zacks downgraded shares of Super Micro Computer from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. They now have a $28.10 price target on the stock.
Super Micro Computer (NASDAQ:SMCI) traded down 7.74% during mid-day trading on Wednesday, hitting $24.81. The stock had a trading volume of 1,554,424 shares. Super Micro Computer has a one year low of $12.51 and a one year high of $27.28. The stock has a 50-day moving average of $25.48 and a 200-day moving average of $21.38. The company has a market cap of $1.115 billion and a price-to-earnings ratio of 26.54.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.01. The company had revenue of $428.07 million for the quarter, compared to the consensus estimate of $395.96 million. During the same quarter last year, the company posted $0.26 earnings per share. Super Micro Computer’s revenue was up 32.8% compared to the same quarter last year. Analysts expect that Super Micro Computer will post $1.33 EPS for the current fiscal year.
Super Micro Computer, Inc develops and provides end-to-end green computing solutions for Enterprise IT, Datacenter, Cloud Computing, High Performance Computing (NASDAQ:SMCI), and Embedded Systems globally.
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