- IT solutions provider Super Micro Computer, Inc. (NASDAQ:SMCI) shares are soaring in after-hours trading after the company provided preliminary financial information for Q4 results.
- SMCI, reflecting on the customer design wins ramping, and its total IT solution value raised the guidance for Q4.
- Super Micro Computer expects net sales of $1.58 billion to $1.63 billion (prior guidance of $1.4 billion to $1.48 billion) vs. a consensus of $1.43 billion.
- It sees GAAP EPS of $2.20 to $2.30 (prior $1.45 to $1.64) and Non-GAAP EPS of $2.30 to $2.40 (prior $1.51 to $1.69) vs. a consensus of $1.57.
- Price Action: SMCI shares are trading higher by 21.57% at $55.40 during the post-market session on Wednesday.
Keybanc Maintains Overweight on Spotify Technology, Raises Price Target to $148
Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:SPOT) with a Overweight and raises the price target from $146 to $148.
