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SGH

Smart Global

$23.87

-0.1 (-0.42%)

16:08
07/09/19
07/09
16:08
07/09/19
16:08

Smart Global announces entry into embedded computing market through acquisitions

SMART Global Holdings announced that it has entered the embedded computing market through two acquisitions; Artesyn Embedded Computing, the embedded computing business of Artesyn Embedded Technologies, and Inforce Computing.The acquisitions are expected to be immediately accretive to EPS. "These acquisitions represent another milestone in SMART Global's strategy to drive growth and earnings through synergistic M&A," commented Ajay Shah, Chairman and Chief Executive Officer of SMART Global Holdings. "These will become part of the SMART Specialty Computing business as the products and customers added are complementary to our existing business, expand SMART's target market opportunity and enable the company to cross sell its existing products to new customers." "Artesyn EC strengthens our product offerings and high-reliability technologies in embedded computing requirements," noted Mr. Shah, "We are also excited to have Artesyn EC's experienced engineering, sales and marketing teams join SMART Global." SMART Global Holdings also announced today that it has acquired Inforce Computing, Inc. ("Inforce"), a privately held provider of modular embedded computing and IoT solutions targeting applications in Medical Imaging, Video Conferencing, AR/VR Computing, IIoT, Commercial Drones and Robotics. "We look forward to leveraging Inforce's engineering talent to further develop leading edge system-on-module and single board computer products for IoT applications," added Mr. Shah.

  • 09

    Jul

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    Jul

SGH Smart Global
$23.87

-0.1 (-0.42%)

03/29/19
ROTH
03/29/19
NO CHANGE
Target $30
ROTH
Buy
Smart Global price target lowered to $30 from $40 at Roth Capital
Roth Capital analyst Suji Desilva lowered his price target on Smart Global shares to $30 from $40 after the company gave guidance well below consensus expectations, mainly due to diminished pricing and mix in the Brazil mobile segment. However, Desilva said he expects longer-term recovery in Brazil and believes Smart's growth opportunity in its non-Brazil segments remains intact. He maintains a Buy rating on the stock, which is down $4.39, or 18%, to $19.48 in pre-market trading.
06/28/19
NEED
06/28/19
UPGRADE
NEED
Buy
Smart Global upgraded to Buy from Hold at Needham
06/28/19
NEED
06/28/19
UPGRADE
Target $32
NEED
Buy
Smart Global upgraded to Buy from Hold at Needham
Needham analyst Rajvindra Gill upgraded Smart Global Holdings to Buy from Hold with a $32 price target. The shares are down 31% since the start of 2019 as its Brazil segment continues to be pressured by falling memory pricing, Gill tells investors in a research note. The analyst, however, believes the segment should stabilize. The transition to a point system from local content scheme appears to have satisfied the new WTO requirements and should not materially affect the Brazil revenue stream, says the analyst. Further, Brazil will account for around one-third of Smart Global's sales in fiscal Q4, down from 69% a year ago, and no longer represents the primary growth driver, says Gill. In addition, the analyst thinks the company's gross margin bottomed in fiscal Q3 and will recover to 20%.
06/28/19
06/28/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Procter & Gamble (PG) upgraded to Buy from Neutral at Goldman Sachs with analyst Jason English saying there is room for further relative outperformance of the shares despite their 41% rise over the past 52 weeks. 2. AutoZone (AZO) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying he is incrementally optimistic in its underlying potential after having spent considerable time with senior leadership at the firm's recent conference. 3. Chesapeake (CHK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Devin McDermott saying he now see a clearer path toward lower leverage and that his recent time with management pointed toward solid execution on operational improvements. 4. Smart Global (SGH) upgraded to Buy from Hold at Needham analyst Rajvindra Gill saying the shares are down 31% since the start of 2019 as its Brazil segment continues to be pressured by falling memory pricing. 5. KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James with analyst Buck Horne saying the company's "healthy" orders in Q2 mitigate the downside risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SHO

Sunstone Hotel

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COP

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PEB

Pebblebrook Hotel

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0.68 (0.69%)

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PEB

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EXLS

ExlService

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GLOB

Globant

$106.97

-0.64 (-0.59%)

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MUX

McEwen Mining

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-0.02 (-1.15%)

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AMZN

Amazon.com

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-11 (-0.54%)

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WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

, MSFT

Microsoft

$137.08

-1.86 (-1.34%)

06:19
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Initiation
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WORK

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$34.43

-0.35 (-1.01%)

MSFT

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$137.08

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GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

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$1,152.86

2.4 (0.21%)

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GOOG

Alphabet

$1,152.97

2.58 (0.22%)

, GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

06:18
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Google terminating 'Project Dragonfly' censored search engine for China, BI says »

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GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

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$1,152.86

2.4 (0.21%)

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ADBE

Adobe

$305.76

-2.95 (-0.96%)

06:18
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PRGS

Progress Software

$40.57

-1.04 (-2.50%)

06:16
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Progress Software rating change  »

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GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

, GOOG

Alphabet

$1,152.97

2.58 (0.22%)

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$1,152.86

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$1,152.97

2.58 (0.22%)

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OMP

Oasis Midstream Partners

$21.78

(0.00%)

06:15
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TGE

Tallgrass Energy

06:14
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  • 25

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NGL

NGL Energy Partners

$15.30

0.11 (0.72%)

06:13
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NBLX

Noble Midstream

$32.45

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  • 02

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IMRN

Immuron

$4.27

1.43 (50.35%)

06:11
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Syndicate
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  • 17

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PAA

Plains All American

$24.57

-0.04 (-0.16%)

06:10
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  • 06

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ET

Energy Transfer LP

$14.94

0.03 (0.20%)

06:10
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DIS

Disney

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-0.72 (-0.50%)

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  • 06

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EPD

Enterprise Products

$30.32

0.005 (0.02%)

06:08
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CSX

CSX

$79.57

1.05 (1.34%)

06:07
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MTSI

Macom

$15.55

0.01 (0.06%)

06:06
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FB

Facebook

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-0.06 (-0.03%)

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ONDK

On Deck Capital

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0.06 (1.53%)

06:03
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