Super Micro Computer Price Levels to Watch as Stock Plunges After Business Update
Key Taakeaways Super Micro Computer shares slid in extended trading Tuesday after the troubled server maker provided preliminary results that missed expectations and said it’s unable to predict when it will file its delayed annual report.
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 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 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.
Why Super Micro Computer Stock Was Falling Again Today
Shares of Super Micro Computer ( SMCI -10.51%), best known for making artificial intelligence (AI) servers, were sliding for the third straight day today as the fallout from its auditor's resignation continued. The stock closed down 10.5% and is now down 47% over the last three days since it reported the news.
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.
Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.
Super Micro Slips on Sales Outlook That Falls Short of Estimates
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 10% in extended trading.
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,
Super Micro's business-update call could be pivotal for popular short-selling play
Super Micro Computer is due to hold a business-update call after Tuesday's closing bell on the heels of heavy selling pressure for its stock. Shares are down nearly 50% since Super Micro's announcement last Wednesday that its auditor has resigned.
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,
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Super Micro Computer: Disappointing Outlook But Upgrading On Improved Cash Flow Performance
However, with the stock down another 15% in after hours and my concerns regarding further elevated cash usage having been ...
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 ...
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 ...
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Super Micro's stock plunges after Ernst & Young resigns as auditor, raising concerns about the company's financial stability.
Super Micro Computer Posts Q1 Earnings: Are Delisting Fears Here To Stay Or Can The Stock Rebound?
Super Micro Computer is gearing up for Q1 earnings, with expectations set at 75 cents EPS and $6.45 billion revenue.
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Nvidia Shifts From Super Micro, Aims to Ensure AI Supply Consistency
Despite Super Micro's continuous financial difficulties, Nvidia is trying to maintain a consistent supply chain for the AI ...
Super Micro Computer: Time To Consider Options As A Hedge
That article was titled "Super Micro Computer: 10-To-1 Split Impact Dampened By DoJ Probe And Margin Uncertainty". The ...