Needham & Company Maintains a 'Buy' on Super Micro Computer (SMCI); Business Continues Steady and On-track

Needham & Company maintains a 'Buy' on Super Micro Computer (NASDAQ: SMCI) price target raised $1 to $19.00.

Needham analyst says, "SMCI is the leading provider of application optimized server solutions which are servers and components configured to meet specific customer needs. SMCI sees strong customer interest in its approach from segments including server farms, certain verticals with complex computing requirements, and OEMs. SMCI is/should benefit from ongoing datacenter refresh, product cycle (ie. Sandy Bridge), expanding sales capacity, penetration of internet datacenters, and Asian facilities expansion. It is targeting operating model of 9-12% (vs. 6.4% in F1Q)."

For more ratings news on Super Micro Computer click here and for the rating history of Super Micro Computer click here.

Shares of Super Micro Computer closed at $14.44 yesterday.

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