Super Micro Computer (SMCI) Tops Q4 EPS by 1c, Revenue Beats, FY Rev. Guidance Beats

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Go back to Super Micro Computer (SMCI) Tops Q4 EPS by 1c, Revenue Beats, FY Rev. Guidance Beats

Susquehanna Cuts Price Target on Super Micro Computer (SMCI) Following Quarter Results

August 5, 2015 7:12 AM EDT

Susquehanna maintained a Positive rating on Super Micro Computer (NASDAQ: SMCI), and cut the price target to $40.00 (from $48.00), ahead of 4Q15. SMCI reported June-quarter revenue of $574M, solidly above consensus of $524M. EPS of $0.57 compares to consensus of $0.56.

Analyst Mehdi Hosseini commented, "SMCI's top-line beat and raise is encouraging though our excitement is tempered to some extent by: 1) softer margin profile due to the mix, and 2) potential of some channel inventory buildup (in the June... More