Silicon Graphics International Corp Coverage Initiated at Needham & Company LLC (SGI)
Separately, 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 down 3.48% during mid-day trading on Thursday, hitting $8.87. The stock had a trading volume of 204,081 shares. 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 $9.31 and a 200-day moving average of $10.85. The company’s market cap is $306.5 million.
Silicon Graphics International Corp (NYSE:SGI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. 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 previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. Analysts expect that Silicon Graphics International Corp will post $0.13 EPS 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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