Super Micro Computer, Inc. (NASDAQ:SMCI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.35-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.45. The company issued revenue guidance of $712-717 million, compared to the consensus revenue estimate of $681.96 million.

Shares of Super Micro Computer, Inc. (NASDAQ SMCI) traded up 2.26% during midday trading on Thursday, reaching $27.10. The company’s stock had a trading volume of 580,074 shares. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 23.75 and a beta of 0.14. The stock has a 50-day moving average price of $24.81 and a 200-day moving average price of $25.44. Super Micro Computer, Inc. has a 52-week low of $19.32 and a 52-week high of $31.75.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $631.12 million for the quarter, compared to the consensus estimate of $599.02 million. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. Equities research analysts anticipate that Super Micro Computer, Inc. will post $1.63 earnings per share for the current fiscal year.

Several research firms have recently weighed in on SMCI. BidaskClub cut Super Micro Computer from a hold rating to a sell rating in a report on Thursday, June 29th. Maxim Group reaffirmed a buy rating and issued a $40.00 target price on shares of Super Micro Computer in a report on Thursday, March 23rd. Stifel Nicolaus reaffirmed a hold rating and issued a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. Finally, ValuEngine raised Super Micro Computer from a hold rating to a buy rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $31.57.

In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total value of $245,100.00. Following the completion of the sale, the director now owns 8,000 shares in the company, valued at approximately $196,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the completion of the sale, the vice president now owns 3,137 shares of the company’s stock, valued at approximately $76,385.95. The disclosure for this sale can be found here. Insiders sold a total of 21,000 shares of company stock valued at $511,580 in the last quarter. 23.60% of the stock is currently owned by company insiders.

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About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

Earnings History and Estimates for Super Micro Computer (NASDAQ:SMCI)

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