SMCI stock rose Monday as Super Micro Computer prepared to file a plan with the Nasdaq Stock Market to avoid being delisted. The post Super Micro Stock Jumps As Data Center Firm Preps Plan To Avoid Delisting appeared first on Investor's Business Daily.
Shares of Super Micro Computer (SMCI) climbed in early trading Monday, extending their rally on anticipation the company is preparing to submit a plan to avoid being delisted from the Nasdaq stock exchange.
Despite recent setbacks and a 70% stock dip, SMCI's long-term growth potential and low valuation signal a buy.
Super Micro's stock surges amid hopes that a delisting will be avoided.
Super Micro Computer Inc (NASDAQ: SMCI) may succeed in avoiding a delisting as it submits a plan for its delayed annual report on Monday. But the company's financial and legal woes are far from over.
The share price of Super Micro Computer (NASDAQ: SMCI) is trading in the green after weeks of losses as investors await an update on the company's remediation plan.
Super Micro shares are rising sharply as investors await a planned filing.
After another round of sell-offs this past week, Supermicro stock is down 84% from its high.
Super Micro Computer Stock Collapse: Is the Worst Over?
The company faces a critical deadline on Nov. 18.
Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports that the company is expected to file a plan for its delayed annual report that could help it avoid delisting.
Super Micro Computer (SMCI) faces a potential delisting from the Nasdaq due to delays in filing its financial statements. The company has until November 16 to submit a plan for regaining compliance after its auditor, Ernst & Young, resigned in October.