Roth Capital Sets Expectations On Super Micro Computer Ahead Of 1Q15 Earnings


In a report released today, Roth Capital analyst Michael Staiger reiterated coverage on shares of Super Micro Computer (NASDAQ:SMCI) with a Buy rating and a $35 price target. The report comes ahead of the company’s upcoming first quarter results. 

Staiger wrote, “For 1Q, we anticipate SMCI to meet our $423.8M estimate vs. the Street’s 1Q consensus estimate of $418M, which is ~34% growth y/y. We believe the company will continue to be conservative relative to issuing forward guidance, against our view that tailwinds from the Grantley cycle are building and could provide a positive multiquarter backdrop.”

The analyst added, “we continue to see value in the shares given that SMCI should benefit from (1) a multiquarter Grantley server refresh cycle, (2) future contributions from the VMW partnership and (3) the ongoing shift to custom built appliances for softwaredefined data center architecture.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Michael Staiger has a total average return of -8.0% and a 16.7% success rate. Staiger has a -17.7% average return when recommending SMCI, and is ranked #2874 out of 3319 analysts.

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