Super Micro Computer Rises As Analyst Hikes Forecast

By | May 16, 2014

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Shares of server maker Super Micro Computer (SMCI) rose more than 10% on the stock market today after a meeting with management convinced one analyst to upgrade the stock. Stifel Nicolaus analyst Aaron Rakers lifted his rating to buy from hold and hiked his 2015 and 2016 estimates, based on several factors. In a research note Friday, he wrote that Super Micro has room to expand in the traditional x86 server market, due to “the potential for Scalper1 News

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