Super Micro Computer, Inc. (SMCI) Lowered Its Fiscal First-Quarter Guidance

Super Micro Computer, Inc. (NASDAQ:SMCI) maker of servers and storage products lowered its fiscal first-quarter guidance, due to a sharp failure in prices for hard disk drives and memory.

Company said it supposes revenue of about $270 million for the quarteralso provided preliminary information regarding its financial results for the first fiscal quarter ended September 30, 2012 versus its prior forecast of revenue of between $270 million and $290 million.

SMCIreported that it will issue final first quarter fiscal 2013 financial results on Tuesday, October 23, 2012, right after the close of regular trading, teleconference will begin at 2:00 P.M.

Super Micro Computer, Inc. (NASDAQ:SMCI) traded with volume of 780,200 shares in last session which was unexpectedly higher versus average trading capacity of 212,078.00 shares. The stock traded with opening bell at $10.21, gained the maximum price level of $10.67 and then finished the day at $9.31 by scoring -12.50%.

 SMCI remained successful in generating revenue of $1.01 billion in the trailing twelve months and made net income of $29.57 million. The Company maintained a positive 2.94% for the net profit margin and in its operating margin it scored 4.54%. Company’s yearly revenue change for the last five years was 19.25%.

 The SMCI’s price to sales ratio is 0.38 and price to cash ratio is 4.80 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as +5.67%.

 The stock showed downbeat performance of -21.43% for the week which was maintained for the month at -28.82%. Likewise the negative performance for the trailing 3 months was recorded as -37.39% and in last year was -34.80% while the performance so far in current year remains at -40.62%.