Super Micro Computer (SMCI) to Release Earnings on Monday

From MarketBeat:

Super Micro Computer (NASDAQ:SMCI) will be announcing its Q2 earnings results after the market closes on Monday, January 29th. Analysts are estimating earnings of $3.87 per share. The company’s Q2 guidance is set at $4.40-4.88 EPS. Investors can register for the conference call through this link. Super Micro Computer stock opened at $423.36 on Monday. Insider buying and selling details are also available, with Director Daniel W. Fairfax selling 300 shares of SMCI stock, and CFO David E. Weigand selling 20,000 shares.

Based on analysts’ estimates, Super Micro Computer’s Q2 guidance is set at $4.40-4.88 EPS, below the expected earnings of $3.87 per share. Super Micro Computer stock recently opened at $423.36 and insider trading activity includes notable sales by key executives. The company’s 50 day simple moving average is $296.10, and its 200-day simple moving average is $283.27.

In the last 90 days, Super Micro Computer insiders sold 91,880 shares of company stock valued at $23,217,307. Furthermore, Fairfield Bush & CO, MetLife Investment Management LLC, and BlackRock Inc are among the large investors who recently modified their holdings of Super Micro Computer.

Overall, Super Micro Computer currently has a consensus rating of “Moderate Buy” and an average target price of $344.00. This technology company specializes in developing and manufacturing high performance server and storage solutions. While Super Micro Computer currently has a “Moderate Buy” rating among analysts, top-rated analysts believe there are better buys available.

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