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0 -0.00133184855233859 0.000445434298440891 0.00133630289532283 -0.00489977728285091 -0.00712694877505568 0.0191536748329621 0.00979955456570151
Stock impact report

Super Micro Computer Stock Dives on Sustained Risk of Nasdaq Delisting [Yahoo! Finance]

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: Yahoo! Finance
JPMorgan analysts cut their price target by over 50% following the company's business update and earnings call. Super Micro has been given until Nov. 16 to file the report and return to compliance with Nasdaq rules. Super Micro Computer ( SMCI ) shares fell 20% Wednesday after the company inflamed concerns it could be delisted after it didn't fully clarify when it would file its delayed annual report for 2024, a necessity for the company to comply with Nasdaq rules. Analysts at JPMorgan downgraded the company to " underweight " from "neutral," cutting their price target to $23 from $50, citing “several risk factors that introduce uncertainty." Supermicro previously disclosed that it received a warning letter from the Nasdaq on Sept. 17 that it was not in compliance with the exchange's rules, which require "timely filing" of reports. The company has been given until Nov. 16 to file or submit a plan. On the company's Tuesday earnings call, CFO David Weigand said the company pla Show less Read more
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