Wedbush analyst maintains Super Micro Computer Inc with Neutral rating and raises price target from $530 to $800, citing sales momentum and concerns about margins and competition in AI server market.
Despite Revenue Dip, Nokia's Q1 Net Profit and Technology Patents Fuel Growth - Nokia (NYSE:NOK) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Nokia Corp (NYSE:NOK) reported a fiscal first-quarter 2024 net sales decline of 20% year-on-year (19% in constant currency) to €4.67 billion ($5.07 billion), missing the consensus of $5.10 billion. Comparable EPS was $0.10 (€0.09) versus the consensus of $0.06. The reported net profit is €438 million, up from €289 million a year ago. Comparable net profit was €501 million, up from €342 million a year earlier. Network Infrastructure sales declined by 26% year over year in CC due to the weak deman
JP Morgan initiates coverage on Super Micro Computer Inc (SMCI) with an Overweight rating and $1,150 price target. Analyst expects continued leadership in AI computing market and projects $40 billion revenue opportunity by 2028. SMCI stock up 9.49%.