Be Wary of Super Micro Computer Stock Unless This Happens
Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, was one of the market's hottest AI stocks. The shares of the maker of high-end servers set a record high of $118.81 on March 13, representing a 5,080% gain over the previous four years.
Why Is Super Micro Computer Stock Trading Lower On Wednesday?
Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading lower Wednesday after it announced that it could not file its fiscal first-quarter 2025 Form 10-Q for the September 30, 2024 quarter due to excessive effort and cost.
Super Micro’s stock falls further as it faces new hurdle with filing deadlines
The server maker disclosed it will be late with its quarterly filing in addition to its past annual one. Super Micro also said it needs additional time to find a new auditor.
Super Micro Delays Another Filing After Auditor’s Resignation
Super Micro Computer Inc., the troubled server maker whose auditor resigned last month, delayed yet another filing as it continues to search for a new accounting firm.
Super Micro delays filing of September-quarter financial report
AI server maker Super Micro Computer said on Wednesday it is unable to file its quarterly report on form 10-Q for the quarter ended Sept. 30, 2024 in a timely manner, amid its ongoing delay in filing an annual report.
Super Micro Delays Quarterly Filing, Awaits New Auditor Amid Reporting Challenges
Though more research is under progress, the board-appointed special committee of the company recently finished an inquiry based on first concerns expressed by former auditor Ernst & Young. Artificial intelligence server manufacturer Super Micro said that the completion of its Q1 2025 Form 10-Q filing depends on completing the Form 10-K for the fiscal year ending June 30,
Super Micro delays 10-Q filing, seeks additional time to find new auditor
Super Micro Computer (SMCI) faces delays in filing its quarterly report due to ongoing investigations and the need to select a new accounting firm.
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Ernst & Young Acquires Jubilant in Ann Arbor, Will Join EY US
Ernst & Young has announced Jubilant, an Ann Arbor-based human resource technology consulting firm, has joined EY US, which ...
Big Four accounting firm cuts ties with San Jose public company
The San Jose computer developer risks Nasdaq delisting for late financial reports as its accounting firm departs.
Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro shares soared 246% last year after jumping 87% in 2023. The stock peaked at $118.81 in March, shortly after being ...
Will Super Micro Stock Be Delisted?
Super Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday’s trading and remains down 54% over the past month amid ...
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Super Micro's stock plunges after Ernst & Young resigns as auditor, raising concerns about the company's financial stability.
Super Micro shares plummet 18% after financial update heightens investor concerns
Super Micro’s stock fell to its lowest since mid-2023 on Wednesday after the company issued unaudited quarterly results that ...
Super Micro Computer’s (NASDAQ:SMCI) Fair Valuation Comes with High Risks
I currently hold a neutral stance on Super Micro Computer (SMCI), a supplier of data center servers and storage solutions.
Super Micro Computer Q1: Red Flags, Lessons Learned, And Hope Ahead (Rating Downgrade)
Given Super Micro Computer's history of accounting malpractice and ongoing scrutiny, my rating is downgraded to Hold, ...
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Ernst & Young Issues First Post-Receivership Report on Leon Manufacturing Co. & Ram Industries
A Nov. 8 court date has been set to approve a superior offer for Leon equipment, and identified a proposal from Joiner Sales Corp. as the superior offer. Joiner said it would conduct a public online ...
USA Today3d
Iowa's Joni Ernst says she's 'laser-focused' on Senate amid Secretary of Defense rumors
A spokesperson for U.S. Sen. Joni Ernst said Ernst is "laser-focused" on her Senate work, despite media reports that she ...