UPDATE: Stifel Downgrades Super Micro Computer (SMCI) to Hold
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Needham & Company Cuts Price Target on Super Micro Computer (SMCI) Ahead of 4Q and Announced Buyback
July 19, 2016 7:09 AM EDTNeedham & Company maintained a Buy rating on Super Micro Computer (NASDAQ: SMCI), and cut the price target to $25.00 (from $31.00), following the company's negative 4Q preannounced. SMCI expects revenue of $520-524M, compared to previous guidance for $580-640M. The company now expects NG EPS of $0.15-0.17 vs. guidance for $0.46-0.58. SMCI also... More
Super Micro Computer (SMCI) Cuts Q4 EPS Guidance, Announces $100M Buyback
July 18, 2016 4:07 PM EDTSuper Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today provided preliminary information regarding its financial results for the fourth quarter and fiscal year ended June 30, 2016.
The Company also announced that it will release fourth quarter and fiscal 2016 financial results on Thursday, August 4, 2016, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. (Pacific Time).
The Company now anticipates that it will report revenue for its fourth quarter of fiscal 2016 in the range of $520 million to $524 million.... More
