Super Micro Computer (NASDAQ:SMCI) Releases Q2 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.56-0.65 for the period, compared to the consensus EPS estimate of $0.81. The company issued revenue guidance of $5.5-6.1 billion, compared to the consensus revenue estimate of $6.84 billion. Super Micro Computer also updated its Q1 guidance to $0.75-0.76 EPS.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Needham & Company LLC started coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective for the company. Cfra reiterated a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Susquehanna upped their price target on Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a research report on Monday, July 15th. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target for the company. Finally, JPMorgan Chase & Co. downgraded shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $95.00 to $50.00 in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.33.

Super Micro Computer Stock Performance

Shares of SMCI traded up $1.67 during trading hours on Tuesday, hitting $27.70. The stock had a trading volume of 100,123,492 shares, compared to its average volume of 80,718,117. Super Micro Computer has a 12 month low of $23.90 and a 12 month high of $122.90. The stock has a fifty day moving average price of $43.93 and a 200 day moving average price of $66.15. 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 firm has a market capitalization of $15.49 billion, a PE ratio of 13.91 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 142.9% compared to the same quarter last year. Analysts anticipate that Super Micro Computer will post 2.85 EPS for the current year.

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.