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Super Micro Computer Stock Jump On Wednesday, Outperforms Market

(VIANEWS) – The NASDAQ ended the session with Super Micro Computer (SMCI) jumping 9.84% to $869.41 on Wednesday while NASDAQ rose 1.3% to $15,859.15.

Super Micro Computer’s last close was $791.49, 30.61% higher than its 52-week high of $606.00.

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 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 technical documentation, 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. The company 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 $12.74.

PE Ratio

Super Micro Computer has a trailing twelve months price to earnings ratio of 68.24. Meaning, the purchaser of the share is investing $68.24 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 29.92%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 103.2%, now sitting on 9.25B for the twelve trailing months.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Super Micro Computer’s stock is considered to be oversold (<=20).

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