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SMART's Diversification Strategy Paying Off Through the Trough, Analyst Says

Benzinga LogoBenzinga1 mo ago

SMART's Diversification Strategy Paying Off Through the Trough, Analyst Says - Benzinga

Quick Summary:

Rosenblatt analyst Kevin Cassidy maintained SMART Global Holdings, Inc (NASDAQ: SGH) with a Buy and cut the price target from $45 to $38.

SGH’s diversification strategy is paying off in maintaining profitability while its highest gross margin business, Cree LED, and lowest gross margin business, Brazil Memory, work through a significant weakening in demand. 

Offsetting the weakness was 52% sequential growth in IPS revenue and steady demand for Specialty ...


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 19:26:45 (1 months ago)

News Timezone: GMT +8:00

Ranking: #537 (out of 3211 stories this day)

News Source URL: benzinga.com

Language: English

Article Length: 13 words

Reading Time: 1 minutes read

Sentences: 2 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 746232

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Official Website: benzinga.com

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News Last Updated: 10 hours ago

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Publisher ID: #53

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