FBN Reiterates Outperform on Silicon Graphics International

FBN is out with its report today on Silicon Graphics International (NASDAQ: SGI), reiterating Outperform.

In its report, FBN writes, "We reiterate our Outperform rating on SGI and $20 PT following its Analyst's Day in NYC yesterday. The company reiterated prior guidance of F2012 (June) revenue growth of 18-24% (half organic, half due to the acquisition of SGI Japan this year), or $740-780M in revenue, and NG EPS of $.60-$.80."

Shares of SGI closed Thursday at $14.21.