Needham & Company Maintains a 'Buy' on Super Micro Computer (SMCI); Bullish Outlook on Sandy Bridge Ramp
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Price: $39.84 +1.74%
Rating Summary:
8 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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