Super Micro just reported preliminary Q1 results. Here's why the stock is tanking.
Super Micro Computer (SMCI) shares were active in late trading on Tuesday after the embattled artificial intelligence server maker reported fiscal first-quarter results. Read for more.
Why Super Micro Computer Stock Is Plunging After Its Business Update Tuesday
Super Micro Computer (SMCI) shares plunged in extended trading Tuesday after the server maker said it "remains unable at this time to predict" when it will file its delayed annual report for 2024, exacerbating delisting worries.
Super Micro still can’t say when it will file annual report, and its stock drops
Super Micro Computer Inc. expects to post sales shy of investors’ expectations and is still unsure when it will file its latest annual report, according to a Tuesday statement. The server maker has been under a cloud in recent months due to scrutiny over its accounting,
Super Micro says board found ‘no evidence of fraud,' still has no timetable for annual results
Super Micro said its board of directors found there was no evidence of fraud or misconduct from management after its auditor resigned last week. Super Micro, the embattled server maker that's late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited first-quarter results on Tuesday.
Super Micro Computer Stock Is In The Spotlight Ahead Of Q1 Earnings: What's Going On?
Super Micro Computer Inc (NASDAQ:SMCI) shares are trading higher Tuesday, bouncing back after falling nearly 50% last week after the firm’s independent auditor raised governance and transparency concerns.
Super Micro Computer will report earnings today. Here's what to expect
Super Micro Computer (SMCI) will report quarterly earnings on Tuesday after market close, following a series of recent challenges. Most recently, the AI hardware company’s auditor, Ernst & Young, resigned over disagreements about Super Micro’s governance practices and board independence.
Super Micro Gives Tepid Sales Forecast, No Filing Schedule
Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 14% in extended trading.
Where Will Super Micro Computer Stock Be in 1 Year?
With shares down by 70% over the last six months, Super Micro Computer (NASDAQ: SMCI) is in a tailspin. While revenue and earnings continue to break records, the good news has been overshadowed by uncertainty about the company's internal controls.
Super Micro says cannot predict timing of annual filing; shares down
Super Micro Computer said on Tuesday it cannot predict when it would file its annual report with the U.S. Securities and Exchange Commission and that the results of a special committee probe showed there was no evidence of fraud on the part of management or the board.
Super Micro’s Sales Update Falls Short. The Stock Drops.
Super Micro provided a worse-than-expected business update for its revenue Tuesday afternoon. The stock is falling in after-hours trading. The AI server company gave an update for its fiscal first-quarter with adjusted earnings per share range of 75 cents to 76 cents,
What Analysts Think of Super Micro Computer's Stock Ahead of Earnings
Key Takeaways Super Micro Computer reports earnings after the bell Tuesday, with its stock nearly 80% below its highest point in March.The few analysts covering the stock mostly have a cautious view of its outlook,
Super Micro Computer could be delisted from the Nasdaq this month amid a steep plunge following auditor's resignation
This isn't the first time Super Micro Computer investors faced delisting risks. In 2018, trading in the stock was suspended ...
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Super Micro Computer: Disappointing Outlook But Upgrading On Improved Cash Flow Performance
I have covered Super Micro Computer, Inc. (NASDAQ:SMCI) previously, so investors should view this as an update to my ...
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Super Micro Computer, Inc. (SMCI) Gains Bullish Outlook as Needham Highlights Leadership in Liquid-Cooled Data Center Solutions
We recently compiled a list of the 35 AI News and Ratings You Should Not Miss. In this article, we are going to take a look ...
Here’s what Super Micro’s struggles may mean for Nvidia and Dell
Dell might not see immediate financial benefits, but an analyst thinks customers are paying attention to Super Micro’s auditor exit, which could start helping Dell next year.