Super Micro Stock Is Spiraling Lower: What's Going On?
Super Micro Computer Inc (NASDAQ:SMCI) shares are tumbling Wednesday after the company reported preliminary financial results and provided a business update. JPMorgan also downgraded the stock and slashed its price target.
SMCI stock price continues to drop: What is happening with Super Micro and EY?
Investors in server maker Super Micro continue to flee after news this week that Ernst & Young has resigned as its auditor.
What Analysts Think of Super Micro Computer's Stock Ahead of Earnings
Key TakeawaysSuper 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 still can’t say when it will file annual report, and its stock drops
Super Micro says its special committee has so far found that its audit committee “acted independently and that there is no evidence of fraud or misconduct on the part of management” or the board.
Super Micro stock slides 10% on weaker-than-expected outlook, uncertainty over annual filing
Super Micros shares slid on Tuesday as the company's latest earnings results fell short of Wall Street's expectations. The company also said it couldn't predict the timeline for filing its 10-K.
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 Stock Tumbles After Business Update. There Was No Full-Year Outlook.
On Tuesday, Super Micro said its independent “Special Committee” formed by the board of directors and led by independent counsel found “no evidence of fraud or misconduct on
Supermicro’s stock falls on revenue miss and uncertainty over annual filing, increasing fears of a delisting
Supermicro's stock falls on revenue miss and uncertainty over annual filing, increasing fears of a delisting - SiliconANGLE
Inside Super Micro's Crisis: 5 Scenarios That Could Define Its Future (Rating Downgrade)
Super Micro's stock fell over 45% following governance issues and auditor EY’s resignation, highlighting significant risks.
Super Micro Analysts Need More Clarity On Auditor Resignation, Await 10-K Filing: 'Management Did Not Address These Topics'
Super Micro Computer releases a business update on Tuesday that included a positive note regarding its Special Committee investigation, but analysts are still hung up on the company's new auditor ...
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 ...
Why Super Micro Computer's Stock Is Plunging After Its Business Update Tuesday
Tuesday's update comes after shares tumbled last week in the wake of EY's resignation as the company's auditor, and follows ...
3 Significant Risks That Market Has Yet To Price In For Super Micro Computer
Super Micro Computer faces YTD declines amid accounting issues and an auditor resignation. Learn why SMCI stock may be ...
Supermicro (SMCI) stock plunges 35%—here’s why
Ernst & Young resigned as the auditor of Super Micro Computer today. Supermicro stock no longer looks attractive following ...
Super Micro stock sinks on weaker-than-expected outlook, uncertainty over annual filing
Super Micro stock slid 10% as the company's latest outlook fell short of Wall Street's expectations. The company also said it ...
Super Micro tumbles as Wall Street is not impressed with Q1 results, audit issues
Super Micro Computer (NASDAQ:SMCI) issued preliminary first-results and guidance on Tuesday that left Wall Street expressing deep concern about the health of its company and issues related to its ...