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0.00140560672978818 0.0100782716031766 -0.0060862057893872 -0.00939330588713754 0.0417151256127234 0.0222756558903485 0.0303454082324317 -0.00751321769780167
Stock impact report

Super Micro Computer: Auditor Increases Odds Of Continued Nasdaq Listing -- Hold [Seeking Alpha]

Super Micro Computer, Inc. (SMCI) 
Last super micro computer, inc. earnings: 8/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.supermicro.com/investor-relations
Company Research Source: Seeking Alpha
Follow Play 7min Summary Just three weeks after the resignation of Ernst & Young LLP, Super Micro Computer, Inc. surprised market participants with the appointment of a new independent audit firm. While not as large as market leaders Deloitte, EY, PwC, and KPMG, BDO certainly has the capabilities and resources to conduct an expedited audit of the company's FY2024 financial statements. At least in my opinion, the quick appointment of a large, capable audit firm has added some much-needed credibility to the company's plan of regaining Nasdaq compliance. Consequently, I would expect Nasdaq to grant the maximum 180-day extension period permitted under its regulatory framework. While the quick appointment of BDO is good news, the massive after-hours rally and the company's muted H1/FY2025 outlook are keeping me from getting more constructive on the shares at this point. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and gui Show less Read more
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