SMART Global Holdings, Inc. (SGH) Misses Q1 EPS by 2c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus

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Go back to SMART Global Holdings, Inc. (SGH) Misses Q1 EPS by 2c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus

Needham & Company Downgrades SMART Global Holdings (SGH) Two-Notches to Hold

January 9, 2019 7:43 AM EST

Needham & Company analyst Rajvindra Gill downgraded SMART Global Holdings (NASDAQ: SGH) from Strong Buy to Hold.

Gill commented, "We downgrade Smart Global to Hold from Strong Buy. We had anticipated that the local content rules would increase to 60% in CY19 from 50% driving overall... More