Shares of Super Micro Computer (SMCI 19.58%) are soaring on Wednesday. The company's stock gained 19.2% by 10:45 a.m.
An end to Super Micro's delisting drama is welcome news for “fast money” and quantitative investors. But one analyst says institutional investors are still avoiding the stock.
Super Micro Computer Inc (NASDAQ:SMCI) shares surged 21% to $55 after the server maker filed much delayed annual and September-quarter accounts. The annual report for the fiscal year to June 2024 as well as quarterly earnings for the past two quarters were filed last night.
Super Micro Computer (SMCI 19.26%) filed its missing 10-K and 10-Q Tuesday after the market closed, avoiding a delisting. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Supermicro (SMCI) considers its delayed financial reports matter "closed" and investors are rewarding the company's compliance with a pre-market earnings spike higher. Jenny Horne and Oliver Renick look at the volatility ahead of its 10-K filing deadline and discuss SMCI's outlook from here.
Super Micro Computer shares rallied 20% after the AI server company filed its delayed financial results by the Nasdaq's deadline. Auditor BDO wrote in the filing that the consolidated financial statements for the 2024 fiscal year "present fairly, in all material respects, the financial position of the Company"
Super Micro Computer NASDAQ: SMCI is a prominent player in the high-performance computing solutions sector and the company is experiencing a significant surge in its stock value. On February 25, 2025, Super Micro Computer filed its overdue annual report for the fiscal year 2024 (FY2024) and quarterly reports for the first and second quarters of the fiscal year 2025 (FY2025).
Supermicro (SMCI) shares pop after its delayed financial filings. The company is now compliant with Nasdaq requirements, and Kevin Green dives into SMCI's future.
Super Micro Computer was poised to be one of the better-performing semiconductor plays of last year. Then, in August, now-defunct short-selling activist group Hindenburg Research released a scathing report, which alleged widespread accounting malpractice at the company.
Yesterday's 10-K release acted as an inflection point for Super Micro Computer, dismissing the many fears that had been factored into its stock valuation. Valuation is extremely attractive with a significant upside potential, supported by low P/E and forward P/S ratios and optimistic free cash flow growth assumptions. SMCI's innovative server and storage solutions, strong partnerships with Nvidia, AMD, Intel, and Broadcom, and aggressive revenue growth highlight its competitive edge.
The AI server maker filed its long-awaited financial accounts late Tuesday, removing the threat of delisting from the Nasdaq.
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