Super Micro Computer, Inc. (SMCI) Tops Q1 EPS by 8c

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Go back to Super Micro Computer, Inc. (SMCI) Tops Q1 EPS by 8c

Super Micro Computer (SMCI) PT Lifted to $31 at Needham & Company on 'Beat and Raise'

October 22, 2014 6:30 AM EDT

Needham & Company analyst Richard Kugele reiterated a Buy rating and bumped his price target on Super Micro Computer (NASDAQ: SMCI) to $33.00 (from $31.00) following another 'beat and raise' quarter.

Kugele commented, "Robust growth in APAC and the US drove another record quarter... More