Super Micro Computer (NASDAQ:SMCI) Releases Q2 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.56-0.65 for the period, compared to the consensus EPS estimate of $0.81. The company issued revenue guidance of $5.5-6.1 billion, compared to the consensus revenue estimate of $6.84 billion. Super Micro Computer also updated its Q1 guidance to $0.75-0.76 EPS.

Super Micro Computer Stock Performance

SMCI traded down $0.80 during trading on Friday, reaching $24.68. 31,937,678 shares of the company’s stock were exchanged, compared to its average volume of 80,752,273. The company’s fifty day simple moving average is $42.34 and its 200-day simple moving average is $65.07. The stock has a market capitalization of $13.80 billion, a P/E ratio of 12.39 and a beta of 1.28. Super Micro Computer has a 1 year low of $20.20 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, research analysts predict that Super Micro Computer will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SMCI. Cfra reaffirmed a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $50.00 to $23.00 in a research report on Wednesday. Wedbush reiterated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday. Barclays cut their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.