Super Micro Computer (SMCI) Set to Announce Earnings on Wednesday
Super Micro Computer (NASDAQ:SMCI) is set to announce its Q1 2018 earnings results after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
Shares of Super Micro Computer (SMCI) opened at $22.80 on Monday. Super Micro Computer has a 12-month low of $17.70 and a 12-month high of $31.75. The firm has a market capitalization of $1,110.00, a PE ratio of 17.01, a P/E/G ratio of 1.33 and a beta of -0.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 2.34.
A number of equities research analysts recently weighed in on SMCI shares. Zacks Investment Research downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. TheStreet cut Super Micro Computer from a “b-” rating to a “c” rating in a research note on Tuesday, October 10th. Maxim Group reiterated a “buy” rating and issued a $45.00 price target on shares of Super Micro Computer in a research note on Friday, October 27th. Wells Fargo & Co initiated coverage on Super Micro Computer in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $20.00 price target for the company. Finally, BidaskClub cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.13.
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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.
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