Needham & Company Maintains a 'Buy' on Super Micro Computer (SMCI); Bullish Outlook on Sandy Bridge Ramp
Tweet Send to a FriendGet Alerts SMCI Hot Sheet
Price: $11.29 +1.99%
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SMCI Now!
Needham & Company maintains a 'Buy' on Super Micro Computer (NASDAQ: SMCI) price target raised from $21 to $22.
Analyst, Glenn Hanus, said, "We see multiple drivers of growth and operating leverage for SMCI over at least next few quarters including a major Intel product cycle, an expanding product portfolio addressing broader markets, ongoing datacenter refresh, increased sales capacity, penetration of internet datacenters, a refresh cycle in HPC and Asian facilities expansion. It is targeting op. model of 9-12% by 2HF13 (vs. 5.1% in F3Q) driven by revenue growth, Intel cycle, GM% benefits of Asian facility and OPEX leverage."
FY12 EPS estimate lowered from $1.01 to $1.00, but FY13 raised from $1.44 to $1.58. F13 rev estimates raised from $1.225 bln to $1.3 bln.
For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.
Shares of Super Micro Computer closed at $17.81 yesterday, with a 52 week range of $11.42-$19.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Glenn Hanus, said, "We see multiple drivers of growth and operating leverage for SMCI over at least next few quarters including a major Intel product cycle, an expanding product portfolio addressing broader markets, ongoing datacenter refresh, increased sales capacity, penetration of internet datacenters, a refresh cycle in HPC and Asian facilities expansion. It is targeting op. model of 9-12% by 2HF13 (vs. 5.1% in F3Q) driven by revenue growth, Intel cycle, GM% benefits of Asian facility and OPEX leverage."
FY12 EPS estimate lowered from $1.01 to $1.00, but FY13 raised from $1.44 to $1.58. F13 rev estimates raised from $1.225 bln to $1.3 bln.
For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.
Shares of Super Micro Computer closed at $17.81 yesterday, with a 52 week range of $11.42-$19.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Wells Fargo Starts Quintiles (Q) at Outperform
- Wells Fargo Starts StealthGas (GASS) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
