Super Micro Computer (SMCI) Earning Somewhat Positive News Coverage, Report Finds
News headlines about Super Micro Computer (NASDAQ:SMCI) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Super Micro Computer earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.3955067857013 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Super Micro Computer, Inc. (SMCI) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Super Micro Computer, Inc. (SMCI) Receives “Hold” Rating from KeyCorp (americanbankingnews.com)
- Super Micro Computer, Inc. (SMCI) Expected to Announce Earnings of $0.34 Per Share (americanbankingnews.com)
- Super Micro Computer, Inc. (NASDAQ:SMCI) Experiences Heavier than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- Super Micro Computer Breaks Below 200-Day Moving Average – Notable for SMCI – Nasdaq (nasdaq.com)
Shares of Super Micro Computer (NASDAQ SMCI) traded down 0.75% during mid-day trading on Tuesday, hitting $26.55. 218,842 shares of the company were exchanged. The company has a 50 day moving average of $26.80 and a 200 day moving average of $25.38. Super Micro Computer has a 52 week low of $20.77 and a 52 week high of $31.75. The company has a market capitalization of $1.30 billion, a P/E ratio of 19.81 and a beta of 0.18.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million during the quarter, compared to analyst estimates of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts anticipate that Super Micro Computer will post $2.03 earnings per share for the current year.
A number of research analysts have weighed in on the stock. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Maxim Group reiterated a “buy” rating and issued a $43.00 target price on shares of Super Micro Computer in a research note on Friday, July 21st. BidaskClub cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. KeyCorp reiterated a “hold” rating on shares of Super Micro Computer in a research note on Friday. Finally, Zacks Investment Research cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.29.
In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the sale, the director now directly owns 245,000 shares in the company, valued at $6,639,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.00% of the company’s stock.
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.
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