Pacific Crest Initiates Coverage on Super Micro Computer to Sector Weight

Pacific Crest Initiates Coverage on Super Micro Computer(NASDAQ:SMCI). The shares have been rated Sector Weight. The rating by Pacific Crest was issued on Jul 28, 2016.

In a different note, On Jul 19, 2016, Stifel Nicolaus said it Downgrades its rating on Super Micro Computer. The shares have been rated ‘Hold’ by the firm. On Jul 19, 2016, DA Davidson said it Downgrades its rating on Super Micro Computer. The shares have been rated ‘Neutral’ by the firm.

Super Micro Computer (SMCI) shares turned negative on Thursdays trading session with the shares closing down -0.12 points or -0.58% at a volume of 4,34,997. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.9. The peak price level was also seen at $20.9 while the days lowest was $20.37. Finally the shares closed at $20.42. The 52-week high of the shares is $34.69 while the 52-week low is $18.6. According to the latest information available, the market cap of the company is $988 M.

Super Micro Computer(SMCI) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $532.72M. Analysts had an estimated revenue of $537.24M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Howard Hideshima (Chief Financial Officer) sold 20,312 shares at $26.20 per share price.Also, On May 25, 2016, Hwei-ming Fred Tsai (director) sold 10,000 shares at $25.16 per share price.On May 11, 2016, Cheng-hsien Phidias Chou (VP Worldwide Sales) sold 2,000 shares at $26.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Super Micro Computer Inc. offers server technology. The Company develops and provides end-to-end green computing solutions to the data center cloud computing enterprise information technology information technology (IT) big data high performance computing (HPC) and embedded markets. The Company’s solutions range from server storage blade and workstations to full racks networking devices server management software and technology support and services. It sells its server systems and server subsystems and accessories through a combination of distributors including value added resellers and system integrators and other equipment manufacturers (OEMs) as well as through its direct sales force. As of June 30 2015 the Company offered over 4550 stock keeping units (SKUs) including SKUs for server and storage systems serverboards chassis power supplies and other accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.

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