Super Micro Computer, Inc. (NASDAQ:SMCI):
Join Industry Leaders Converging in New York City to Learn About the Latest in Datacenter Innovations.
The company is unchanged since yesterday’s close of 22.50.
Super Micro Computer, Inc., launched on August 28, 2006, is involved in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Business’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. The Company sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Company develops and manufactures server solutions based upon a modular and open architecture. The Company offers a range of application optimized server solutions, including rackmount and blade server systems and subsystems and accessories, which customers can use to build complete server systems..
Shares are trading at $22.50 which is just under the 50 day moving average of $23.06 and which is slightly below the 200 day moving average of $24.71. The 50 day moving average went down $-0.56 or -2.44% whereas the 200 day moving average was down $-2.21 or -8.94%.
Super Micro Computer, Inc. currently has a P/E ratio of 16.79 and market capitalization is 1.10B. As of the last earnings report the EPS was $1.34 and is expected to be $1.98 for the current year with 48,804,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.55 and the next full year EPS is anticipated to be $2.41.
Short traders are feeling a little more bullish lately as indicated by the decrease in short interest. The firm saw a fall in short interest of -4.98% between September 15, 2017 and September 29, 2017. Short shares decreased from 5,958,202 to 5,661,658 over that period. The days to cover decreased to 6.0 and the percentage of shorted shares is 0.12% as of September 29.
Several investment firms have weighed in on the stock recently. On September 18 the stock rating was downgraded to “Neutral” from “Buy” by DA Davidson.