Super Micro Computer (SMCI) Releases Earnings Results, Beats Expectations By $0.01 EPS

Super Micro Computer (SMCI) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.35. The company posted revenue of $532.70 million in the period, compared to analysts expectations of $530.85 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Super Micro Computer. Shares were Reiterated by Maxim Group on Apr 18, 2016 to “Buy” and Lowered the Price Target to $ 47 from a previous price target of $52 .

Super Micro Computer opened for trading at $28.79 and hit $29 on the upside on Wednesday, eventually ending the session at $28.71, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 3,61,831 shares. Company has a market cap of $1,371 M.

In a different news, on Mar 2, 2016, Howard Hideshima (Chief Financial Officer) sold 20,312 shares at $32.40 per share price. According to the SEC, on Mar 1, 2016, Yih-shyan Wally Liaw (Secretary & V P of Intl Sales) sold 20,000 shares at $32.18 per share price. On Feb 29, 2016, Hwei-ming Fred Tsai (director) sold 5,000 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Super Micro Computer Inc. offers server technology. The Company develops and provides end-to-end green computing solutions to the data center cloud computing enterprise information technology information technology (IT) big data high performance computing (HPC) and embedded markets. The Company’s solutions range from server storage blade and workstations to full racks networking devices server management software and technology support and services. It 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 well as through its direct sales force. As of June 30 2015 the Company offered over 4550 stock keeping units (SKUs) including SKUs for server and storage systems serverboards chassis power supplies and other accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.

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