Super Micro Computer (SMCI) to Release Earnings on Monday

Super Micro Computer (NASDAQ:SMCI) is anticipated to announce its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $6,448,760.00 billion for the quarter.

Super Micro Computer Stock Performance

SMCI stock opened at $33.27 on Friday. The firm has a market cap of $18.61 billion, a PE ratio of 16.70 and a beta of 1.31. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $33.83 and a 200-day moving average price of $45.10. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $122.90.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Wedbush reiterated a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.89.

About Super Micro Computer

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.