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.
Super Micro Computer to Strengthen Governance, Oversight Amid Filings Dispute
Super Micro Computer said it would strengthen its internal governance and oversight functions after Ernst & Young resigned as its auditor, citing mistrust of management.The San Jose, Calif., server maker also continues to work on matters related to its filings with the Securities and Exchange Commission,
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 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 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.
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 ...
Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro shares soared 246% last year after jumping 87% in 2023. The stock peaked at $118.81 in March, shortly after being ...
Where Will Super Micro Computer Stock Be in 1 Year?
Analysts at Mizuho fear that the lack of an auditor (and possible challenges in getting a new one) could lead to a delisting ...
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 ...
Super Micro Computer's shares plunge 33% after server maker's accounting firm quits
Shares of Super Micro Computer have plunged more than 33% after the server maker disclosed that Ernst & Young had resigned as ...
Super Micro's $50 billion stock collapse underscores risk of AI hype
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in ...
What Analysts Think of Super Micro Computer's Stock Ahead of Earnings
Annabelle Chih / Bloomberg / Getty Images Super Micro Computer reports earnings after the bell Tuesday, with its stock ...
Super Micro Computer: Risk-Reward Looks Unfavorable Going Into Tuesday's Business Update
Super Micro Computer faces challenges with audit resignation, liquidity drain, and potential delisting from Nasdaq.
CRN Australia52m
Super Micro shares fall as server maker misses sales targets
Super Micro Computer, the auditor of which unexpectedly stepped down last week, flagged uncertainty this week about the ...
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 ...