NEW YORK--(BUSINESS WIRE)---- $SGH #AI--Today SGH announced that SK Telecom, an affiliate of SK Group, is making a $200 million preferred equity investment in SGH to enhance its AI offerings.
SMART Global Holdings, Inc. (NASDAQ:SGH ) Q3 2024 Earnings Conference Call July 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - President & CEP Jack Pacheco - COO & President, Memory Solutions Conference Call Participants Kevin Cassidy - Rosenblatt Securities Nicolas Doyle - Needham Operator Good afternoon. Thank you for attending today's SGH Third Quarter Final 2024 Earnings Call.
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 #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.
SMART Global (SGH) is currently considered oversold, suggesting that the intense selling pressure on the stock has been exhausted. With Wall Street analysts increasingly raising earnings estimates, there is a possibility of a turnaround for the stock in the near future.
Despite the lack of strong details, the 25% decrease in SMART Global's NASDAQ: SGH stock price presents a good opportunity to invest in this company. The high expectations for the Q2 report and the ongoing normalization of the end-market make the current weakness expected.
Smart Global, a company in the computing and memory industry, released a somewhat inconsistent report for the second quarter. Analyst Quinn Bolton from Needham raised the price target on the company's shares to $27 from $24.
SMART Global Holdings, Inc. (NASDAQ:SGH) will be hosting its Q2 2024 Earnings Conference Call on April 9, 2024 at 4:30 PM ET. The call will feature company representatives Suzanne Schmidt, Mark Adams, Ken Rizvi, and Jack Pacheco, as well as participants Quinn Bolton, Kevin Cassidy, and Denis Pyatchanin. The moderator for the call will be Kate. Thank you for joining us this afternoon.
SMART Global Holdings, Inc. (SGH) reported earnings of $0.27 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.25 per share. This is lower than the earnings of $0.76 per share reported in the same quarter last year.