Super Micro Computer (SMCI) Projected to Post Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $5.94 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Super Micro Computer Stock Up 7.2 %

SMCI stock opened at $36.28 on Monday. The stock has a market cap of $21.24 billion, a P/E ratio of 18.21 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company’s 50 day moving average is $33.55 and its two-hundred day moving average is $40.94.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SMCI shares. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Wedbush reissued a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.