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Super Micro Computer to Strengthen Governance, Oversight
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 shares fall as server maker misses sales targets, annual filing uncertain
Super Micro Computer , whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company.
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 Stock Tumbles
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 stock plunges 17% on weak guidance, delayed results
Super Micro shares fell 17% after missing revenue estimates, heightening Nasdaq delisting risks amid ongoing audit issues.
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 nearly 80% below its highest point in March. The few analysts covering the stock mostly have a cautious view of its outlook, but expect ...
2h
Super Micro slumps as weak forecast, annual report uncertainty fuel investor worries
Shares of Super Micro Computer tumbled more than 20% in premarket trading on Wednesday as an unclear timeline for its annual ...
thedeepdive
25m
Super Micro Faces Inflated Debt Amid Auditor Exit and Plummeting Profits
(NASDAQ: SMCI) has released preliminary financial data for its first fiscal quarter ending September 30, 2024. This update follows an unsettling period in which the company’s ...
5d
on MSN
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 ...
9h
Super Micro Computer Price Levels to Watch as Stock Plunges After Business Update
Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader.
Super
Micro
...
1d
on MSN
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 ...
4d
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.
20h
on MSN
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 ...
1d
on MSN
Super Micro needs a new CEO before its AI advantage erodes
Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an ...
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