Silicon Graphics International Corp (SGI) is Downgraded by Sidoti to Neutral

Silicon Graphics International Corp (SGI) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Apr 28, 2016.

On the company’s financial health, Silicon Graphics International Corp reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.01. The company had revenue of $132.10 million for the quarter, compared to analysts expectations of $140.03 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Silicon Graphics International Corp opened for trading at $6.94 and hit $7 on the upside on Wednesday, eventually ending the session at $6.99, with a gain of 0.29% or 0.02 points. The heightened volatility saw the trading volume jump to 2,19,540 shares. Company has a market cap of $250 M.

In a different news, on Apr 7, 2015, Jennifer Pileggi (SVP, General Counsel/Corp Sec) sold 1,615 shares at $8.88 per share price. According to the SEC, on Feb 18, 2015, Mekonnen P. Asrat (VP, Corporate Controller & PAO) sold 5,447 shares at $9.40 per share price.

Silicon Graphics International Corp. (SGI) is engaged in offering solutions for compute data analytics and data management. The Company operates through segment including Product and Service. The Product segment consists of its compute and storage solutions. The compute solutions include its scale-out computing scale-up computing software and cloud/Web solutions and integrated third-party hardware and software products. Its storage solutions include both hardware and software offerings. The Service segment consists of customer service support and professional services. Its customer support organization provides ongoing maintenance and technical support for its products and some third-party products as well as contracted maintenance services hardware deployment services time and materials-based services and spare parts. Its professional services organization provides value added services associated with technology consulting project management and customer education.

Silicon Graphics International Corp

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