Super Micro shares plummet 18% after financial update heightens investor concerns [MSNBC.com]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
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Source: MSNBC.com
In this articleCharles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.Annabelle Chih | Bloomberg | Getty Imagesdisappointing unaudited financialsThe stock dropped to $22.70 as of early afternoon and is now down 81% from its high in March, a selloff that's wiped out about $57 billion of market cap.Super Micro had its worst week on the market on record last week after the resignation of its auditor, Ernst & Young, the second accounting firm to bow out in under two years. The company facesaccusationsSuper Micro hasn't filed audited financials since May and is at risk of being delisted by Nasdaq if it doesn't report results for the latest fiscal year to the SEC by mid-November. The company said late Tuesday, in reporting preliminary resultsOn a call with analysts, the company said it wouldn't discuss any questions related to Ernst & Young's decision to resign and
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SMCI
News
- Super Micro Computer, Inc. (NASDAQ:SMCI) Faces Setback, Mizuho Suspends Coverage Citing Missing Financial and Audited Statements [Yahoo! Finance]Yahoo! Finance
- One big tech stock could profit from Super Micro's disaster [Yahoo! Finance]Yahoo! Finance
- Analysts Abandon Super Micro After Negative Quarterly Update [Yahoo! Finance]Yahoo! Finance
- Super Micro Computer Stock Dives on Sustained Risk of Nasdaq Delisting [Yahoo! Finance]Yahoo! Finance
- Why Super Micro Computer Stock Is Crashing Again Today [Yahoo! Finance]Yahoo! Finance
SMCI
Earnings
- 8/6/24 - Miss
SMCI
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- SMCI's page on the SEC website