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SGH LATEST HEADLINES
SMART Global's (SGH) third-quarter fiscal 2024 results are likely to reflect strength across Penguin solutions amid macro headwinds.
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.
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/ 4:30 pm ET.
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.
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.
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 Magazine.
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.
SMART Global (SGH) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Weak details or not, the 25% price implosion in SMART Global NASDAQ: SGH share price is an opportune time to buy into this stock. The expectations were high going into the Q2 report, and end-market normalization is still in play, so weakness is not surprising.
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.