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SILICON GRAPHICS INTL CORP (SGI) [hlAlert]

Rating:
Buy SGI
down 68.67 %

SILICON GRAPHICS INTL CORP (SGI) rated Buy with price target $12 by Needham

Posted on: Wednesday,  Dec 10, 2014  8:25 AM ET by Needham

Needham rated Buy SILICON GRAPHICS INTL CORP (NASDAQ: SGI) on 12/10/2014. Previously Needham rated Buy SILICON GRAPHICS INTL CORP (NASDAQ: SGI) on
07/18/2013., when the stock price was $15.45. Since then, SILICON GRAPHICS INTL CORP has lost 68.67% as of 01/06/2016's recent price of $4.84.
If you would have followed the previous Needham's recommendation on SGI, you would have lost 68.67% of your investment in 902 days.

Silicon Graphics International Corp, formerly Rackable Systems Inc, incorporated in December 2002, is a provider of servers, storage, and data center solutions targeting data center deployments. The Company's products are designed to provide benefits in the areas of density, power efficiency, thermal management, ease of serviceability, and remote management. Rackable Systems also offers control in component selection to match the specific environmental and application requirements of its customers. The Company bases its products on x86 platform, such as processors from Advanced Micro Devices (AMD), Intel Corporation (Intel), and operating systems, such as Linux and Windows. On May 8, 2009, Rackable Systems completed the acquisition of the operating assets of the former Silicon Graphics, Inc. With the completion of the acquisition, the Company will adopt SGI as its global name and brand.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2014 8:25 AM Buy
None
9.86 12.00
as of 10/17/2014
1 Week up  14.25 %
1 Month down  -9.05 %
3 Months up  2.69 %
1 YTD down  -31.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2013 8:25 AM Buy
None
15.45 22.00

(*) Stock Price at the time of the recommendation.
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