Media coverage about Smart Global (NASDAQ:SGH) has trended somewhat negative recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Smart Global earned a news sentiment score of -0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.2413414512848 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s scoring:
- Analysts Expect Smart Global Holdings Inc (SGH) Will Announce Quarterly Sales of $290.11 Million (americanbankingnews.com)
- Global Golf Products Market is Anticipated to Reach a Value of about US$ 11,000 Mn by 2026, Fact.MR’s Study (openpr.com)
- Some investors learn to love high-flying ‘FAANGs’ (standard.net)
- SMART Global Holdings to Announce Second Quarter Fiscal 2018 Financial Results on Thursday, March 22, 2018 (finance.yahoo.com)
- Analysts Expect Smart Global Holdings Inc (SGH) Will Announce Earnings of $1.33 Per Share (americanbankingnews.com)
Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Smart Global from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Smart Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 target price on shares of Smart Global in a research note on Thursday, January 18th. Stifel Nicolaus lifted their target price on shares of Smart Global from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Saturday, December 30th. Finally, Roth Capital lifted their target price on shares of Smart Global to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.19.
Smart Global (NASDAQ:SGH) last released its quarterly earnings data on Thursday, December 21st. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $265.40 million during the quarter, compared to the consensus estimate of $255.03 million. The business’s quarterly revenue was up 66.6% compared to the same quarter last year. equities research analysts forecast that Smart Global will post 4.76 EPS for the current fiscal year.
In other news, VP Jack A. Pacheco sold 18,424 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $35.88, for a total value of $661,053.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jack A. Pacheco sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $31.06, for a total transaction of $232,950.00. The disclosure for this sale can be found here. Insiders sold 111,833 shares of company stock valued at $3,962,951 over the last 90 days. 6.90% of the stock is owned by company insiders.
Smart Global Company Profile
Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.
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