The AI server maker has said it believes it will file its delayed reports by Feb. 25.
George Tsilis joins Next Gen Investing to discuss Supermicro (SMCI) as the company faces possible de-listing on the Nasdaq if it fails to submit its already delayed financial reports from the end of 2024. Shares are down more than 55% from all-time highs, but George points to the company's recent business update as a possible source for renewed investor interest.
IT stock Super Micro Computer Inc (NASDAQ:SMCI) just staged a massive rally , up 90.7% since the start of February.
Super Micro Computer (SMCI -3.66%) stock is seeing a significant pullback in Monday's trading. The server specialist's share price was down 3.8% as of 12:45 p.m.
The server maker still faces government investigations and needs to bolster its management ranks.
SMCI faces a February 25 deadline, with the market pricing in an ~80% chance of timely filing. Put prices surged 30%, call prices dropped 20%, and max pain sits at $45 (19.7% below the current price). Large investors were active above $59, but the lack of buying below $56 suggests caution and potential downside risk.
The deadline to report delayed annual results for the fiscal year ended June 30 is about to expire.
The amount of data at investors' fingertips can sometimes feel overwhelming. Between a steady stream of economic data releases and earnings season -- the six-week period each quarter where most S&P 500 (^GSPC -1.71%) companies report their operating results -- it can be easy for something important to fall through the cracks.
With its shares more than doubling year to date, Super Micro Computer (SMCI -5.40%) is bouncing back from the crisis caused by uncertainty about its accounting practices. But is this recovery a fluke or the start of a new bull run?
Super Micro Computer (SMCI -5.40%) is approaching a make-it-or-break-it moment. Last year, the tech company hit a stumbling block -- one that put its listing on the Nasdaq at risk -- and this crushed its stock performance.
Super Micro Computer (SMCI -5.40%) stock posted big gains this week despite a substantial pullback for the broader market. The company closed out Friday's trading with its share price up 17% from the previous week's market close, according to data from S&P Global Market Intelligence.
As investors await the latest financial reports from Supermicro (SMCI), George Tsilis provides a deep-dive into the company's business. SMCI has until Feb. 25 to file delayed 10-K reports from the previous fiscal year and quarter.