Sterne Agee Lowers Silicon Graphics International Corporation to Neutral (SGI)

By admin | 6 years ago

Silicon Graphics International Corporation (NYSE: SGI) was downgraded by equities researchers at Sterne Agee from a “buy” rating to a “neutral” rating in a report issued on Thursday.

Silicon Graphics International Corporation traded down 1.78% on Thursday, hitting $6.06. Silicon Graphics International Corporation has a 52-week low of $6.10 and a 52-week high of $19.35. The company’s market cap is $193.5 million.

Silicon Graphics International Corporation last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.14. Silicon Graphics International Corporation’s revenue was up 38.8% compared to the same quarter last year. Analysts expect that Silicon Graphics International Corporation will post $-0.16 EPS next quarter.

Silicon Graphics International Corp. is a technical computing company. It develops, markets, and sells a range of computing servers and data storage, as well as differentiating software.

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