Silicon Graphics International Corp Director Sells $88,347 in Stock (SGI)
Silicon Graphics International Corp (NYSE:SGI) Director Gary A. Griffiths unloaded 9,666 shares of Silicon Graphics International Corp stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $9.14, for a total value of $88,347.24. Following the completion of the transaction, the director now directly owns 23,719 shares in the company, valued at approximately $216,792. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Silicon Graphics International Corp (NYSE:SGI) traded up 0.33% on Wednesday, hitting $9.16. The stock had a trading volume of 296,563 shares. Silicon Graphics International Corp has a one year low of $8.16 and a one year high of $16.60. The stock has a 50-day moving average of $9.21 and a 200-day moving average of $10.56. The company’s market cap is $315.5 million.
Silicon Graphics International Corp (NYSE:SGI) last posted its quarterly earnings results 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 $0.12 EPS for the current fiscal year.
Separately, analysts at Needham & Company LLC initiated coverage on shares of Silicon Graphics International Corp in a research note on Thursday, August 7th. They set a “hold” rating on the stock.
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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