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SMART Global Holdings, Inc. (SGH) designs and manufactures specialty solutions for the computing, memory, and LED markets in the United states, Brazil, China, Europe, and internationally.
It operates through Memory Solutions, Intelligent Platforms Solutions, and LED Solutions segments.
The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging.
In addition, the company offers Penguin Computing solutions to customers in financial services, energy, government, social media, and education end markets; Penguin Edge solutions to government, telecommunications, health care, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project.
Further, it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions; and rackmount servers and GPU accelerated computing platforms.
Additionally, the company's LED Solutions offers application-optimized LEDs for lighting, video screens, and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers.
The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014.
Smart Global Holdings reported Quarter August 2021 earnings of $2.13 per share on revenue of $467.7 million. The consensus earnings estimate was $1.60 per share on revenue of $461.3 million. Revenue grew 57.5% on a year-over-year basis.
The company said it expects first quarter non-GAAP earnings of $1.80 to $2.20 per share on revenue of $440.0 million to $480.0 million. The current consensus earnings estimate is $1.49 per share on revenue of $458.55 million for the quarter ending November 30, 2021.
With its current earnings increase of 11.3% over the past two months, this stock should continue to see an upwards trajectory.
We will be trading December 17th Call Options
Entry Point: $59.86
Trading Range: $29.05 - $60.75
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