Super Micro Computer, Inc. (NASDAQ:SMCI) saw Needham lower its price target to $40 from $51 while maintaining a Buy rating. The company reported record revenue of $12.7 billion for the second quarter, with GAAP EPS at $0.60 and non-GAAP diluted EPS at $0.69. Management guided third-quarter revenue to at least $12.3 billion and increased full-year revenue guidance to at least $40 billion.

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Read more at Yahoo Finance: Needham Lowers Super Micro (SMCI) Price Target to $40, Keeps Buy