Super Micro Computer (SMCI) : 4 Wall Street analysts covering Super Micro Computer (SMCI) believe that the average level the stock could reach for the short term is $24.63. The maximum price target given is $32 and the minimum target for short term is around $19, hence the standard deviation is calculated at $5.5.
Super Micro Computer (SMCI) : 2 brokerage houses believe that Super Micro Computer (SMCI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Super Micro Computer (SMCI). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.29.
Also, Major Brokerage house, Roth Capital downgrades its ratings on Super Micro Computer (NASDAQ:SMCI). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 5, 2016.
Super Micro Computer (NASDAQ:SMCI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.74 and $21.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.14, notching a gain of 2.36% for the day. The total traded volume was 351,636 . The stock had closed at $21.63 on the previous day.
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 Companys 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 4,550 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.