Super Micro Computer Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - Super Micro Computer, Inc. is set to release its first-quarter earnings results on November 4, with expected earnings of 39 cents per share, a decrease from 74 cents per share in the same period last year [1] - The consensus estimate for Super Micro Computer's quarterly revenue is $5.8 billion, down from $5.94 billion a year earlier [1] - On October 29, Super Micro Computer announced the formation of a federal subsidiary, Super Micro Federal LLC, aimed at accelerating its expansion into the federal market [2] Group 2 - Super Micro Computer shares experienced a decline of 2.3%, closing at $50.75 on the preceding Monday [2] - Goldman Sachs analyst Michael Ng maintained a Sell rating with a price target increase from $27 to $30 [5] - JP Morgan analyst Samik Chatterjee maintained a Neutral rating and reduced the price target from $45 to $43 [5] - Rosenblatt analyst Kevin Cassidy maintained a Buy rating and raised the price target from $50 to $60 [5] - Bernstein analyst Mark Newman initiated coverage with a Market Perform rating and a price target of $46 [5] - Barclays analyst Tim Long maintained an Equal-Weight rating and increased the price target from $29 to $45 [5]