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
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
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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
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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 shares plummet 18% after financial update heightens investor concerns [MSNBC.com]MSNBC.com
- 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