SMART Global Holdings Reports Fourth Quarter and Full Year Fiscal 2019 Financial Results
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SMART Global Holdings (SGH) PT Lowered to $35 at Needham & Company; 'Buyers on Weakness'
October 4, 2019 8:24 AM EDTNeedham & Company analyst Rajvindra Gill lowered the price target on SMART Global Holdings (NASDAQ: SGH) to $35.00 (from $40.00) while maintaining a Buy rating.
The analyst commented, "SGH guided below the Street on the topline citing ongoing NAND component price declines and softness in... More
SMART Global Holdings, Inc. (SGH) Misses Q4 EPS by 17c, Revenues Miss; Offers Q1 EPS/Revenue Guidance Below Consensus
October 3, 2019 4:08 PM EDTSMART Global Holdings, Inc. (NASDAQ: SGH) reported Q4 EPS of $0.50, $0.17 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $278.4 million versus the consensus estimate of $285.04 million.
Fiscal 2019 was a year of two halves. In the first half we experienced a healthy memory pricing environment and our financial results benefited from that strength. In the second half of fiscal 2019 component pricing in the... More
