Super Micro Computer (SMCI) to Release Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI) is anticipated to release its earnings data after the market closes on Tuesday, February 11th. Analysts expect Super Micro Computer to post earnings of $0.75 per share and revenue of $5.94 billion for the quarter.

Super Micro Computer Stock Up 8.0 %

Shares of NASDAQ SMCI opened at $31.49 on Thursday. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $33.50 and its 200-day simple moving average is $41.55. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 15.81 and a beta of 1.30.

Wall Street Analyst Weigh In

Several research firms have commented on SMCI. Wedbush reiterated a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Loop Capital boosted their price target on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target 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.