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In a report published Friday, D.A. Davidson & Co. analyst Mark Kelleher initiated coverage on
Silicon Graphics International Corp.SGI with a Neutral rating and $13.00 price target.
In the report, D.A. Davidson & Co. noted, “Leveraging its years of experience and development in the high-performance computing market (HPC), Silicon Graphics is now positioned to take advantage of some of the fastest growing segments of the Enterprise Infrastructure market. Developing segments include scale-out architectures for cloud computing, scale-up architectures for Big Data analytics, and storage offerings tailored for both architectures. With nine ‘low margin deals' now behind it, increased operational efficiencies, and the outsourcing of some manufacturing to Jabil, gross margins, earnings, and cash flow should continue to show steady improvement.”
Silicon Graphics International Corp. closed on Thursday at $12.14.
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