Wed, Mar. 25, 3:57 PM
- With the Nasdaq down 2.3%, only a handful of tech companies are posting 2%+ gains. Meanwhile, the ranks of those posting 4%+ losses are considerable.
- Notable decliners include telecom/networking chipmakers Broadcom (BRCM -5.3%) and PMC-Sierra (PMCS -4.4%), chip equipment giant Applied Materials (AMAT -5.5%), optical component vendor Finisar (FNSR -6.7%), smart grid hardware/software vendor Silver Spring (SSNI -7.9%), Chinese app developer Cheetah Mobile (CMCM -4.4%), cable infrastructure/set-top vendor Arris (ARRS -4.8%), server OEM Super Micro (SMCI -5.8%), IP licensing firm Finjan (FNJN -13.8%), and cloud life sciences software leader Veeva (VEEV -5.7%).
- Broadcom, PMC-Sierra, and Applied Materials have joined a slew of other chip industry names in posting steep losses. Finjan is reversing yesterday's big gains. Cheetah Mobile, which sold off post-earnings last week, announced today's it's the lead investor in a $24M funding round for social/mobile ad platform Nanigans; the move follows the $58M purchase of French mobile ad network MobPartner.
- Previously covered: Solar stocks, Mobileye, GoPro, Groupon, On Track, Netlist, Baidu/Qihoo, AMD, Yingli, Lexmark/Kofax
Fri, Mar. 13, 3:15 PM
- The Nasdaq is down 0.9%, and major tech decliners are outnumbering major gainers by a sound margin.
- Notable gainers include 3D printer maker ExOne (XONE +2.7%), OLED materials/IP provider Universal Display (OLED +3.9%), stock photo marketplace Shutterstock (SSTK +4%), flash storage array vendor Violin Memory (VMEM +8.2%), and Wi-Fi hardware vendor Aerohive (HIVE +4.6%).
- For the second day in a row, Chinese companies are well-represented among major decliners. The list includes online retailer Vipshop (VIPS -4.8%), microblogging platform Weibo (WB -4.2%), auto site Autohome (ATHM -4.3%), online real estate plays SouFun (SFUN -5.3%) and Leju (LEJU -5.9%), and mobile game publisher iDreamSky (DSKY -4.5%).
- Other major decliners include flash sales site Zulily (ZU -5.8%), server maker Super Micro (SMCI -3.7%), fleet management software vendor FleetMatics (FLTX -3.9%), and 4G baseband modem maker Sequans (SQNS -9.1%).
- Universal Display is adding to yesterday's big gains, and appears to be benefiting from early signs of strong Galaxy S6 demand. Zulily has reversed yesterday's gains. Weibo's losses come two days after the company posted a Q4 revenue beat and offered in-line guidance.
- Previously covered: IBM, Ebix, NXP/Freescale, Qiwi, eHealth, Pandora, InterCloud, ChipMOS, Demandware, Imperva, Rudolph, Globalstar, ChannelAdvisor
Tue, Feb. 24, 1:57 PM
- At this week's Embedded World conference in Nurnberg, Germany, Super Micro (NASDAQ:SMCI) is revealing a new IoT gateway device based on Intel's low-power Quark SoC (previous). In addition to Quark, the gateway sports 512MB of RAM, a ZigBee radio, and two mini-PCI-E slots.
- The server vendor is also showing off "a wide range of server/storage building blocks and solutions based on Intel® Atom" processors and Intel® Xeon® processors targeting embedded applications in Medical Imaging, Communications, Retail, Transportation Control, Digital Security and Surveillance, Industrial Automation, Cloud and Cold Storage, and Content Management and Distribution."
- Shares are within a hair's breadth of a 52-week high of $40.44.
Tue, Feb. 10, 2:06 PM
- Sterne Agee has launched coverage on Super Micro (NASDAQ:SMCI) with a Buy rating and $44 target.
- The launch comes three weeks after the server vendor beat FQ2 estimates and provided strong FQ3 guidance, and has left shares within striking distance of an all-time high of $39.80 (set the day after earnings).
Tue, Jan. 20, 4:09 PM| 1 Comment
Oct. 22, 2014, 12:09 PM
- In addition to beating FQ1 estimates, Super Micro (SMCI +12.3%) has guided for FQ2 revenue of $440M-$480M and EPS of $0.44-$0.50, largely above a consensus of $449.4M and $0.44.
- Sales of value-added "server solutions," which include systems based on Super Micro's storage, HPC accelerator, network switch, Twin rack-mounted server, and MicroCloud modular server offerings accounted for 57.7% of revenue, up from 55.2% in FQ4 and 46.4% a year ago.
- Gross margin rose 10 bps Q/Q and 50 bps Y/Y to 15.7%. GAAP opex rose 8% Y/Y to $37.6M (much less than rev. growth of 43%).
- On the CC (transcript), the company noted cloud and Internet data center sales made up 13.7% of revenue, down from 17.8% in FQ4 and up from 8.3% a year ago.
- FQ1 results, PR
Oct. 21, 2014, 4:36 PM| 2 Comments
Sep. 29, 2014, 12:02 PM
- Roth has launched coverage on Super Micro (SMCI +2.3%) with a Buy and $35 target.
- The server vendor is within striking distance of an all-time high of $29.65 (set on Sep. 18). It has bucked a weak server market by rapidly growing sales to Web data centers (+150% Y/Y in the June quarter, and 17.8% of revenue).
Aug. 5, 2014, 4:38 PM| 1 Comment
Jun. 9, 2014, 5:51 PM
May. 16, 2014, 5:37 PM
May. 16, 2014, 11:11 AM
- Following an encouraging talk with CFO Howard Hideshima, Sifel has upgraded Super Micro (SMCI +6.1%) to Buy, and set a $23 PT.
- Super Micro's shares took off last month in response to a strong FQ3 beat and healthy FQ4 guidance. The company has been bucking weak server industry demand in part by ramping sales of modular/rack-optimized servers for Internet data centers (growing quickly as a % of industry revenue).
Apr. 22, 2014, 5:40 PM
Jan. 22, 2014, 12:47 PM
Jan. 21, 2014, 5:46 PM
Jan. 21, 2014, 4:14 PM| 1 Comment
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