Silicon Graphics (SGI) Tops Q4 EPS by 8c; Guides FY16
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Needham & Company Cuts Price Target on Silicon Graphics (SGI) Following F4Q Results
August 6, 2015 7:31 AM EDTNeedham & Company maintained a Buy rating on Silicon Graphics International Corp. (NASDAQ: SGI), and cut the price target to $10.00 (from $13.00), following 4Q15. SGI reported F4Q (June) results of $152.9M/($0.12) vs. guidance of $130-145M/ ($0.12-0.24) and consensus of $133.7M/($0.20). For F1Q (Sept), SGI expects at least $120M (vs. prior consensus of $145.8M).
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