Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing [CNBC]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
Company Research
Source: CNBC
The stock, which has cratered since peaking in March, has gained more than 50% over the last two trading days. Analysts at Mizuho said in a report that Nasdaq's approval of Super Micro's plan to stay listed could take two to five weeks. Super Micro Computer shares jumped more than 30% on Tuesday after the embattled server maker said it named BDO as its new auditor and submitted a plan to Nasdaq detailing its efforts to regain compliance with the exchange. The stock has now climbed more than 50% over the last two trading days on optimism that it will keep its Nasdaq listing. Still, the company has lost about three-quarters of its value since its stock peaked in March, a decline that's wiped out roughly $54 billion in market cap. Super Micro is late in filing its 2024 year-end report with the SEC, and said earlier this month that it was looking for a new accountant after its previous auditor, Ernst & Young, stepped down in October. Ernst & Young was new to the job, having just
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SMCI
Earnings
- 8/6/24 - Miss
SMCI
Sec Filings
- 11/20/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/13/24 - Form NT
- SMCI's page on the SEC website