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Can Super Micro Computer (SMCI) Continue to Surge?

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One company that should be on your radar is Super Micro Computer, Inc. . The stock of this computer storage device company providing high performance server solutions as well as networking devices and server management software has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SMCI’s full year estimate, we have seen 2 estimates go higher in the past 30 days with no downward revision over the same time frame. Nonetheless, the trend has helped the consensus estimate to trend higher, increasing from 88 cents per share a month ago to its current level of $1.02.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, SMCI has seen some pretty solid trading lately, as the company has moved higher by 23.2% in the past month.

If Super Micro Computer can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SMCI on your watch list for the future.

Other top-ranked stocks worth considering in this space include Dot Hill Systems Corp. , Datalink Corporation and Western Digital Corporation (WDC - Free Report) . Dot Hill Systems carries a Zacks Rank #1 (Strong Buy), while both Datalink Corporation and Western Digital Corporation hold a Zacks Rank #2 (Buy).

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Western Digital Corporation (WDC) - free report >>

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