After the market closed on Tuesday, shares of SMART Global Holdings, Inc. (NASDAQ: SGH) experienced a notable rise during the extended session. The stock increased by 4.61% to reach $22.00 after-hours, following a 2.39% increase during regular trading hours, concluding at $21.03. Despite the absence of significant news, the fluctuation in SGH stock can be better understood by examining recent developments.
Table of Contents
Toggle- Recognition For Cree LED's Innovative Products
- Advances From Stratus Technologies
Recognition For Cree LED's Innovative Products
SMART Global's subsidiary, Cree LED, announced that four of its latest products have received BrightStar Awards from LEDs Magazine. The awarded products include the XLamp XP-G4 White LEDs, J Series 2835 Pro9 LEDs, J Series 5050C E Class LEDs, recognized in the "LED Light Sources" category, and the High-Brightness LEDs, recognized in the "Specialty SSL System Technology" category.
Additionally, Cree LED was honored by a distinguished panel of judges from the LED and lighting design and manufacturing community. Five primary criteria are used to determine which products get the BrightStar Awards: performance, dependability, efficiency, simplicity of integration/use, and innovation in LED-based lighting product and component design.
This competitive program acknowledges significant advancements in LED lighting technology over the past year, highlighting products that offer flexible features, enhanced performance, ease of use, improved control capabilities, and steps toward greater sustainability in the lighting sector.
Advances From Stratus Technologies
Stratus Technologies, another subsidiary of SMART Global, has recently introduced Stratus Redundant Linux (SRL) 3.0 and everRun 8.0. SRL 3.0 is the latest version of its Linux-based operating system for the Stratus ztC Edge platform, while everRun 8.0 is the newest iteration of its continuous availability software, designed to provide fault-tolerant performance across diverse x86-based compute infrastructures.
The release of Stratus' continuous availability software, featuring built-in virtualization, allows for sustained operation in a Linux environment with enhanced performance and security. It supports multiple virtual machine modes and offers users increased capabilities in various scenarios.
Additionally, the open RESTful API interface can integrate with more IT and OT systems, facilitating easier monitoring and maintenance by operational technology field personnel. Stratus' everRun software is expected to be adopted across more industries, aiding customers in improving business continuity and reducing costs.