SMART Global Holdings, Inc. (SGH)
| Market Cap | 1.20B |
| Revenue (ttm) | 1.11B |
| Net Income (ttm) | -198.84M |
| Shares Out | 52.30M |
| EPS (ttm) | -3.84 |
| PE Ratio | n/a |
| Forward PE | 14.13 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 704,673 |
| Open | 22.36 |
| Previous Close | 22.42 |
| Day's Range | 22.35 - 23.13 |
| 52-Week Range | 12.66 - 28.18 |
| Beta | 1.76 |
| Analysts | Strong Buy |
| Price Target | 30.50 (+33.01%) |
| Earnings Date | Jul 9, 2024 |
About SGH
SMART Global Holdings, Inc., a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for SGH stock is "Strong Buy." The 12-month stock price forecast is $30.5, which is an increase of 33.01% from the latest price.
News
SGH Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH today announced the grant of inducement awards to its new SVP & CFO, Nate Olmstead, per his commencement of employment with SGH on June 26, 2024.
SGH Appoints Nate Olmstead as SVP and Chief Financial Officer
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH announced that Nate Olmstead has joined the company today as SVP & CFO to lead its worldwide finance org. Olmstead reports to SGH CEO Mark Adams.
Penguin Solutions Expands OriginAI Solution to Accelerate AI Factory Deployment and Optimize Performance
FREMONT, Calif.--(BUSINESS WIRE)-- #AI--Penguin announced expansion of OriginAI solution to include validated pre-defined AI architectures backed by cluster management software and services.
SGH Announces Third Quarter Fiscal 2024 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #FinancialWebcast--SGH today announced its quarterly financial webcast & conference call for Q3 FY2024 earnings is scheduled for Tues, July 9, at 1:30 pm PT/...
SGH to Host Analyst Day on July 16, 2024
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IPS--SGH will host an Analyst Day July 16; 10 am - 12:30 pm ET; at the Nasdaq MarketSite in NYC. Advanced registration is required for the in-person event.
Cree LED Recognized with Four 2024 BrightStar Awards from LEDs Magazine
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #BrightStarAwards--Cree LED, an SGH company, announced today that four (4) of its latest product releases have been recognized with BrightStar Awards by LEDs Mag...
Latest Release of Stratus' Linux-Based Fault Tolerance and Virtualization Software Increases Edge Infrastructure Capabilities
MAYNARD, Mass.--(BUSINESS WIRE)---- $SGH #Edge--Stratus announced the release of Stratus Redundant Linux 3.0, its Linux-based OS for ztC Edge & everRun 8.0, Stratus continuous availability software.
SGH Announces CFO Transition Plan
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH announced that Ken Rizvi SVP & CFO will depart the company on June 30 to pursue another opportunity. Jack Pacheco, COO will assume as interim CFO.
Cree LED Redefines Light Output and Optical Performance for Portable Lighting
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED today announced the new XLamp XFL family of LEDs, designed for maximum performance in flashlights and other portable lighting applications.
Save the Date: SGH Analyst Day on July 16, 2024
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AnalystDay--SGH (SMART Global Holdings) today announced that it will host an Analyst Day in New York City on Tuesday, July 16, 2024, at 10 a.m. Eastern Time...
SMART Modular Technologies Introduces New Family of CXL Add-in Cards for Memory Expansion in High Performance Servers
NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Modular Technologies announces its new family of Add-In Cards which implements the CXL standard and also supports industry standard DDR5 DIMMs.
Smart Global Stock Drops After Sales Miss. One Bull Called the Bottom.
Computing and memory firm Smart Global posted a mixed second-quarter report. Needham analyst Quinn Bolton increased his price target on shares to $27 from $24.
SGH Reports Second Quarter Fiscal 2024 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Global Holdings (SGH) today reported financial results for Q2 FY2024 with revenue of $285 million; Pete Manca to lead IPS; webcast at 4:30pm ET.
SMART Modular Technologies Introduces Zefr ZDIMM Memory Modules with Ultra-High Reliability for Demanding Compute Applications
NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #DDR4--SMART Modular announces its ultra-high reliability memory solution, Zefr ZDIMM memory modules, which are ideally suited for large memory applications.
SGH Announces Second Quarter Fiscal 2024 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SGH announced it will host its quarterly financial webcast and conf call for Q2FY2024 earnings after market close on Tues, April 9 at 4:30 p.m. ET.
Cree LED and Current Lighting Enter into License Agreement
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED and Current Lighting announced that they entered into a patent license agreement regarding Current's patents related to KSF/PFS red phosphor.
SGH Reports First Quarter Fiscal 2024 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings (SGH) today reported financial results for Q1FY2024, and will host a conf call & webcast at 4:30 p.m. ET to discuss Q1 results.
20 favorite small-cap stocks for 2024 among Wall Street analysts
The 2023 stock-market rally has been led by the “Magnificent Seven” companies, which have driven an accelerating upward trend for the large-cap benchmark S&P 500. Shares of smaller and medium-sized co...
SGH Announces First Quarter Fiscal 2024 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SGH today announced that it will host its quarterly financial webcast and conf call for Q1FY2024 earnings on Tues, Jan 9 at 1:30 p.m. PT/4:30 p.m. ET.
SGH Completes Sale of Majority Stake of SMART Brazil
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SGH announced that through its wholly-owned subsidiary SMART Modular, completed its previously announced sale of 81% of “SMART Brazil” to Lexar Europe.
Stratus Showcases Proven Edge Computing Platforms at Automation Fair 2023
MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, an SGH (Nasdaq: SGH) company and a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced its participa...
Stratus Unveils Evolutionary Fault Tolerance with ztC Endurance Family of Intelligent, Predictive Computing Platforms
MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, Inc. (“Stratus”), an SGH (Nasdaq: SGH) company and a global leader in simple, protected, and autonomous Edge Computing platforms, today announced...
Smart Global Stock Sinks 45% After Revenue Miss. These Analysts Still Say Buy.
The company posts fiscal fourth-quarter net sales $316.7 million, well below analysts' estimates of $375 million.
SGH Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings, Inc. (SGH) today reported financial results for Q4 and full year fiscal 2023; net sales of $1.44B, up 3.3% vs fiscal year 2022.
SGH Releases 2022 Environmental, Social and Governance Report
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #ESG--SGH today released the SGH 2022 ESG Report, the third annual record of SGH's progress toward its environmental, social, and governance (ESG) goals.