Why Super Micro Computer (SMCI) Has A Bright Short-Term Future? - Tale of the Tape
February 05 2014 - 8:48AM
Zacks
One company that should be on your
radar is Super Micro Computer, Inc. (SMCI). The
stock of this computer storage device company has seen its Zacks
Rank surge over the past four weeks, moving from Neutral to its
current position as a Strong Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For SMCI’s full year estimate,
we have seen 2 estimates go higher in the past 30 days, and there
has been no downward revision over the same time frame. This trend
has helped the consensus estimate to trend higher, going from 88
cents a share 30 days ago to its current level at $1.02.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, SMCI has seen some pretty solid
trading lately, as the company has moved higher by 21.1% in the
past month.
If Super Micro Computer can keep up this great momentum on the
earnings estimate front and continue to impress analysts, we could
see more gains ahead for this company, suggesting that you might
want to put SMCI on your watch list for the future.
Other top-ranked stocks worth considering in this space include
Dot Hill Systems Corp. (HILL), Quantum
Corporation (QTM) and Datalink
Corporation (DTLK). While Dot Hill Systems and Quantum
Corporation carry a Zacks Rank#1 (Strong Buy), Datalink Corporation
holds a Zacks Rank#2 (Buy).
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