NEW YORK (TheStreet) -- Silicon Graphics (SGI) shares are down -14.1% to $10.40 on Thursday following the release of the company's third quarter 2014 earnings report.
During the quarter the company posted revenue of $124 million, a -47% drop from the year ago period, falling short of analysts $131.1 million estimates.
The company also reported a NON-GAAP net loss of $7 million, or 20 cents per share, missing analysts estimates by 4 cents.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.