2022-11-24 14:15:07

Super Micro Computer, Inc. (SMCI) Soars to 52-Week High, Time to Cash Out?

Logo Nasdaq
Nasdaq
By Zacks

Have you been paying attention to shares of Super Micro Computer (SMCI)? Shares have been on the move with the stock up 39% over the past month. The stock hit a new 52-week high of $91.74 in the previous session. Super Micro Computer has gained 107.6% since the start of the year compared to the -30.5% move for the Zacks Computer and Technology sector and the -23.8% return for the Zacks Computer- Storage Devices industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 1, 2022, Super Micro reported EPS of $3.42 versus consensus estimate of $3.13 while it beat the consensus revenue estimate by 2.9%.

For the current fiscal year, Super Micro is expected to post earnings of $9.58 per share on $6.8 billion in revenues. This represents a 69.56% change in EPS on a 30.86% change in revenues. For the next fiscal year, the company is expected to earn $8.10 per share on $7.5 billion in revenues. This represents a year-over-year change of -15.5% and 10.35%, respectively.

Continue read on nasdaq.com

Logo Nasdaq
TechnologyBy Zacks2022-11-03 13:15:09
Have you been paying attention to shares of Super Micro Computer (SMCI) ? Shares have been on the move with the stock up 33.7% over the past month. The stock...

Logo Nasdaq
Business / FinanceBy Validea2022-11-03 10:34:30
The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks...

Logo Nasdaq
TechnologyBy Zacks2022-11-21 13:29:00
For Immediate Release Chicago, IL November 21, 2022 Stocks in this weeks article are Super Micro Computer SMCI, HF Sinclair DINO, Nine Energy Service NINE...

Logo Benzinga
Business / FinanceBy Adam Eckert2022-11-02 12:44:01
Advanced Micro DevicesInc AMD shares are trading higher Wednesday after the company reported third-quarter financial results. AMD said third-quarter revenue...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-10-27 18:05:19
What happened Advanced Micro Devices (NASDAQ: AMD) got a boost today following Meta Platforms ' third-quarter earnings call late Wednesday afternoon. Meta...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-01 15:24:37
What happened Shares of programmable chip-making company Lattice Semiconductor (NASDAQ: LSCC) surged 8.4% through 10:45 a.m. ET Tuesday after the company...

Logo Nasdaq
TechnologyBy Zacks2022-10-31 23:00:00
The Zacks Computer and Technology Sector has struggled to find its footing in 2022 amid a hawkish pivot from the Fed, down more than 30% and widely lagging...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-10 11:46:05
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SHANGHAI :...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-02 18:20:10
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) were up more than 5% at the market open on Wednesday, but had eased back to a gain of just 3.4%...

Logo Nasdaq
TechnologyBy Zacks2022-11-07 14:15:09
Have you been paying attention to shares of Commercial Metals (CMC) ? Shares have been on the move with the stock up 19.1% over the past month. The stock hit...

Logo PR Newswire
NEW YORK, Nov. 2, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SMCI, DD, NVDA, META, and TSLA. Click a link below then choose...

Logo Nasdaq
Business / FinanceBy Bnk Invest2022-11-15 16:37:12
In trading on Tuesday, shares of United Microelectronics Corp (Symbol: UMC) crossed above their 200 day moving average of $7.63, changing hands as high as...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-16 18:37:54
What happened Shares of memory-chip producer Micron Technology (NASDAQ: MU) fell as much as 6.1% on Wednesday. The company spooked investors when it...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-02 11:34:28
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide (Reuters) -...

Logo Bloomberg
TechnologyBy Jeran Wittenstein2022-11-18 11:46:53
Things have gotten so bad for semiconductor companies this year that Wall Street is starting to think there’s nowhere else for their shares to go but up. The...

Logo Bloomberg
TechnologyBy Ian King2022-11-01 20:28:22
Advanced Micro Devices Inc., the second-largest maker of computer processors, topped third-quarter earnings estimates and signaled that inroads in the...

Logo Inquirer.net
Business / FinanceBy Miguel R Camus2022-11-14 18:07:00
Conglomerate San Miguel Corp. (SMC) beat prepandemic sales in the first nine months of the year as revenues jumped over 70 percent to P1.1 trillion. The...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-14 22:42:19
What happened Silvergate Capital (NYSE: SI) enjoyed a good day on Monday. The stock rose by as much as 8.4% before its gains moderated -- it closed the...

Logo Nasdaq
TechnologyBy Zacks2022-10-27 13:15:06
Shares of Smucker (SJM) have been strong performers lately, with the stock up 6% over the past month. The stock hit a new 52-week high of $148.39 in the...

Logo Benzinga
Business / FinanceBy Anusuya Lahiri2022-11-03 17:23:13
CyberArk Software Ltd CYBR reported third-quarter FY22 revenue growth of 26% year-on-year to $152.7 million, beating the consensus of $150.7 million....