Maxim Group analyst Nehal Chokshi maintained a Hold rating on Super Micro Computer (SMCI) today. The company’s shares closed yesterday at $12.42.
Chokshi commented:
“Bloomberg Business Week (BBW) article remains incredulous, in our view, but BBW refusal to retract article leaves uncertainty. De minimus restatements for 2015 to 2017 financials are now expected, which brings SMCI a step closer to getting delinquent filings filed. Blow out results and cash generation… …But guidance may signal a multi-quarter slowdown. Modestly reducing estimates; maintaining Hold rating.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 9.0% and a 55.7% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Turtle Beach Corp.
Super Micro Computer has an analyst consensus of Hold, with a price target consensus of $14.
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The company has a one-year high of $27.15 and a one-year low of $8.50. Currently, Super Micro Computer has an average volume of 1.53M.
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Super Micro Computer, Inc. manufactures servers and other computer products. The firm’s products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, networking, embedded, gaming, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack, and server management.
