Super Micro Computer Inc. (NASDAQ:SMCI) shares are trending on Thursday.
Check out the current price of SMCI stock here.
Server Manufacturer Outpaces Tech Competitors As Shares Gain Momentum
Shares of the global tech company jumped 9.30%, rising by $4.46 to finish at $52.40 during regular trading on Wednesday. This marks the third day in a row the stock has been on the rise. The stock declined 0.5% to $52.12 in the after-hours session.
Stock Outperforms Key Competitors
SMCI’s after-hours performance significantly outperformed other major tech firms over a 24-hour period, according to Benzinga Pro data. While HP Inc. (NYSE:HPQ) dropped 1.95% during regular trading, it held steady at $26.70 in after-hours. Meanwhile, Intel Corp. (NASDAQ:INTC) gained 7.12% to $35.94 during regular trading but saw a slight decline of 0.42% after-hours.
Previous Earnings Miss
The Californian company reported fourth-quarter net sales of $5.76 billion, missing the Street consensus estimate of $5.88 billion.
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Earnings per share came in at $0.41, below the consensus estimate of $0.44.
Trading Volume Exceeds Average
The stock traded 47.75 million shares, above its average daily volume of 32.68 million shares.
Stock Performance
SMCI is currently trading at a price-to-earnings ratio of 31.39, with a market capitalization of $31.14 billion. The stock price remains within its 52-week range of $17.25 to $66.44.
Super Micro Computer has posted a 71.92% gain year-to-date.
Benzinga’s Edge Stock Rankings highlight SMCI has a Growth score of 97.47. Track the performance of other players in this segment.
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