Silicon Graphics International Corp (SGI) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, Needham downgrades its view on Silicon Graphics International Corp (NASDAQ:SGI) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on August 12, 2016.
Silicon Graphics International Corp (NASDAQ:SGI): The stock was completely flat for the day, closing at $7.71 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $7.71, the stock touched an intraday high of $7.73 and a low of $7.70. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.71. The total trading volume on Thursday was 792,536.
Silicon Graphics International Corp. (SGI) is engaged in offering solutions for compute, data analytics and data management. The Company operates through segment, including Product and Service. The Product segment consists of its compute and storage solutions. The compute solutions include its scale-out computing, scale-up computing, software and cloud/Web solutions, and integrated third-party hardware and software products. Its storage solutions include both hardware and software offerings. The Service segment consists of customer service support and professional services. Its customer support organization provides ongoing maintenance and technical support for its products and some third-party products, as well as contracted maintenance services, hardware deployment services, time and materials-based services and spare parts. Its professional services organization provides value added services associated with technology consulting, project management and customer education.