SMART Global Holdings, Inc. (SGH)

NASDAQ: SGH · IEX Real-Time Price · USD
22.35
-0.19 (-0.84%)
At close: Jun 14, 2024, 4:00 PM
22.54
+0.19 (0.85%)
After-hours: Jun 14, 2024, 7:45 PM EDT
-0.84%
Market Cap 1.17B
Revenue (ttm) 1.11B
Net Income (ttm) -198.84M
Shares Out 52.30M
EPS (ttm) -3.84
PE Ratio n/a
Forward PE 13.78
Dividend n/a
Ex-Dividend Date n/a
Volume 566,962
Open 22.09
Previous Close 22.54
Day's Range 21.82 - 22.48
52-Week Range 12.66 - 29.99
Beta 1.76
Analysts Strong Buy
Price Target 30.07 (+34.54%)
Earnings Date Jun 27, 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]

Industry Semiconductors
Sector Technology
IPO Date May 24, 2017
Employees 3,000
Stock Exchange NASDAQ
Ticker Symbol SGH
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for SGH stock is "Strong Buy." The 12-month stock price forecast is $30.07, which is an increase of 34.54% from the latest price.

Price Target
$30.07
(34.54% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

3 days ago - Business Wire

SGH Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IPS--SGH announced the grant of inducement awards to its new president of Intelligent Platform Solutions, Pete Manca, in connection with his employment.

15 days ago - Business Wire

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...

23 days ago - Business Wire

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.

24 days ago - Business Wire

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.

4 weeks ago - Business Wire

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.

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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.

7 weeks ago - Business Wire

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.

2 months ago - Barrons

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.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

3 months ago - Business Wire

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.

5 months ago - Business Wire

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.

5 months ago - Business Wire

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...

6 months ago - Market Watch

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.

6 months ago - Business Wire

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.

7 months ago - Business Wire

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...

7 months ago - Business Wire

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...

8 months ago - Business Wire

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.

8 months ago - Barrons

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.

8 months ago - Business Wire

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.

9 months ago - Business Wire

SGH Announces Fourth Quarter Fiscal 2023 Financial Conference Call

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced that it will host its quarterly financial webcast and call for Q4FY2023 earnings after market close on Thurs, Oct 12, 2023 at 4:30 pm ET.

9 months ago - Business Wire

SGH Appoints Mary G. Puma as Independent Member of Board of Directors

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #BoD--SGH (SMART Global Holdings) today announced the appointment of Mary G. Puma, most recently president and CEO of Axcelis, to SGH's board of directors.

11 months ago - Business Wire

Cree LED Announces Fourth Gen XLamp XP-G Product Family

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED today unveiled the 4th gen of its industry-leading XLamp XP-G product family featuring the latest advancements in high-power LED technology.

11 months ago - Business Wire