2 Red-Hot Computer Hardware Stocks To Buy Now

For the quarter ended March 31, 2021, analysts expect SMCI’s revenue to increase 6.3% year-over-year to $820.82 million. The company’s EPS is expected to increase 17.6% year-over-year for the quarter ending June 30, 2021, to $0.80. Also, it surpassed the consensus EPS estimates in each of the trailing four quarters.

On April 6,  SMCI introduced the industry’s most complete server line-up, incorporating the latest 3rd Gen Intel Xeon Scalable processors that deliver leading performance and reduced TCO and Total Cost to the Environment (TCE). Last month, SMCI announced the availability of the most complete server lineup that supports the AMD EPYC 7003 Series Processors. The stock has gained 84.7% over the past year to close Friday’s trading session at $39.68.

It’s no surprise that SMCI has an overall B rating, which equates to Buy in our POWR Ratings system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

The stock has an A grade for Sentiment, and a B grade for Value. Click here to see SMCI’s rating for Growth, Stability, Quality, and Momentum as well.

SMCI is ranked #14 of 55 stocks in the B-rated Technology-Communication/Networking industry.

Daktronics, Inc. (DAKT)

DAKT is a leading manufacturer of electronic scoreboards, programmable display systems, and large-screen video displays. Its products include video display systems, scoring and timing controllers, and indoor and outdoor LED video displays, among others. It also offers various services, such as out-of-home advertising displays. DAKT operates mainly through five segments—Commercial, Live Events, High School Park and Recreation, Transportation, and International.

The company’s net sales for its fiscal year 2021 third quarter (ended January 30, 2021) came in at $94.14 million compared to $127.66 million in the prior-year period. However, the sales represented diminished market activity due to the COVID-19 pandemic. Its gross profit as a percentage of net sales was 25.4% in the third quarter of fiscal 2021 compared to 19.2% in the third quarter of fiscal 2020. Its operating expenses also decreased 28.1% year-over-year to $24.18 million. This can be attributed primarily to its reduction in overall operating expense.

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