Super Micro Computer (SMCI) to Release Quarterly Earnings on Tuesday

Super Micro Computer (NASDAQ:SMCI - Get Free Report) is anticipated to announce its earnings results 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. Investors interested in participating in the company's conference call can do so using this link.

Super Micro Computer Stock Up 2.8 %

NASDAQ:SMCI traded up $1.07 during trading hours on Wednesday, reaching $39.68. The company's stock had a trading volume of 160,956,379 shares, compared to its average volume of 50,414,336. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 19.92 and a beta of 1.30. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. The business's 50-day moving average is $33.53 and its 200-day moving average is $40.52.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent analyst reports. Loop Capital upped their price target on Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 6th. Wedbush upped their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $60.20.

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.