Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
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 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 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
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’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 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.
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,
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 ...
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Super Micro Computer, Inc. (SMCI) Gains Bullish Outlook as Needham Highlights Leadership in Liquid-Cooled Data Center Solutions
A team of technicians in a server room, testing and managing the newest server solutions. Number of Hedge Fund Holders: ...
Why Super Micro Computer Stock Was Falling Again Today
Shares of Super Micro Computer (NASDAQ: SMCI), best known for making artificial intelligence (AI) servers, were sliding for ...
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.
Nvidia moves Super Micro orders to other suppliers to maintain supply chain stability - report
Nvidia (NASDAQ:NVDA) is rerouting orders previously placed with Super Micro Computer (NASDAQ:SMCI) to other suppliers, to ...
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 ...
Cisco Systems, Inc. (CSCO) Expands AI Data Center Portfolio with New GPU Servers and AI PODs, Enabling Simplified, Scalable AI Infrastructure for Enterprises
We recently compiled a list of the 15 AI News You Should Not Miss. In this article, we are going to take a look at where ...
Nvidia said to be routing orders away from Super Micro amid accounting woes
AI server maker Super Micro Computer Inc (NASDAQ:SMCI) is volatile again Monday as it continues to suffer from the news last ...