Super Micro Computer (SMCI) Tops Q4 EPS by 1c, Revenue Beats, FY Rev. Guidance Beats
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Susquehanna Cuts Price Target on Super Micro Computer (SMCI) Following Quarter Results
August 5, 2015 7:12 AM EDTSusquehanna maintained a Positive rating on Super Micro Computer (NASDAQ: SMCI), and cut the price target to $40.00 (from $48.00), ahead of 4Q15. SMCI reported June-quarter revenue of $574M, solidly above consensus of $524M. EPS of $0.57 compares to consensus of $0.56.
Analyst Mehdi Hosseini commented, "SMCI's top-line beat and raise is encouraging though our excitement is tempered to some extent by: 1) softer margin profile due to the mix, and 2) potential of some channel inventory buildup (in the June... More
