Super Micro Computer Stock Bullish Momentum With A 9% Rise As Session Comes To An End Today

(VIANEWS) – Shares of Super Micro Computer (NASDAQ: SMCI) jumped 9.46% to $226.43 at 15:23 EST on Friday, after two sequential sessions in a row of gains. NASDAQ is jumping 2.3% to $12,990.15, following the last session’s upward trend. This seems, up until now, an all-around bullish trend trading session today.

Super Micro Computer’s last close was $206.86, 20.5% above its 52-week high of $171.67.

About Super Micro Computer

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software. The company also provides application-optimized server solutions, rackmount and blade servers, storage, and subsystems and accessories; and server software management solutions, such as Server Management Suite, including Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. In addition, it offers server subsystems and accessories comprising server boards, chassis, power supplies, and other accessories. Further, the company provides server and storage system integration, configuration, and software upgrade and update services; and technical documentation services, as well as identifies service requirements, creates and executes project plans, and conducts verification testing and training services. Additionally, it offers help desk and on-site product support services for its server and storage systems; and customer support services, including ongoing maintenance and technical support for its products. The company provides its products to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets. It sells its products through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.

Earnings Per Share

As for profitability, Super Micro Computer has a trailing twelve months EPS of $11.

PE Ratio

Super Micro Computer has a trailing twelve months price to earnings ratio of 20.58. Meaning, the purchaser of the share is investing $20.58 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 38.6%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 5.3%, now sitting on 6.57B for the twelve trailing months.

Sales Growth

Super Micro Computer’s sales growth is 9.4% for the present quarter and 15.1% for the next.

More news about Super Micro Computer (SMCI).

Leave a Reply

Your email address will not be published. Required fields are marked *