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.
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 significant corporate governance concerns and questions about the company’s financial reporting.
Be Wary of Super Micro Computer Stock Unless This Happens
At the time, Supermicro seemed to have a bright future. Its revenue jumped 46% in 2022 and 37% in 2023, and analysts were anticipating 110% growth in 2024. That breakneck pace was driven by its soaring shipments of dedicated AI servers.
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’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 Stock Sinks After Another Filing Delay for Earnings
Super Micro Computer, the chip maker that became a target of short seller Hindenburg Research earlier this year, said it needs additional time to file its 10-Q form for earnings in the quarter ending Sept.
Super Micro delays filing September-quarter report as delisting looms
The company's shares fell about 4% in premarket trading. The stock is down 55% since Ernst & Young resigned as auditor in October after earlier flagging concerns about the company's governance, transparency and internal control over financial reporting.
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.
Super Micro Computer: Delisting Concerns Tell A Cautionary Tale
Super Micro Computer's Q1 results are overshadowed by auditor issues and DOJ investigations. See why SMCI stock remains risky ...
Reuters13d
Super Micro Computer says Ernst & Young resigns as auditor, shares tank
Oct 30 (Reuters) - Super Micro Computer (SMCI.O), opens new tab said on Wednesday Ernst & Young had resigned as its ...
Super Micro Shares Plunge 30 Percent After Ernst & Young Resigns as Auditor
The accounting firm said it could no longer rely on representations from the company's management and audit committee.
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.
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Ernst & Young Resigns as Super Micro Computer’s Auditor
Ernst & Young has resigned as the auditor for Super Micro Computer SMCI-18.27%decrease; red down pointing triangle, saying it can no longer rely on management’s representations. Super Micro ...
Supermicro plunges after Ernst & Young resigns as registered public accountant
Shares of Supermicro (SMCI) are sharply lower in pre-market trading after it was disclosed in a regulatory filing that on October 24, Ernst ...
SMCI stock price continues to drop: What is happening with Super Micro and EY?
Investors in server maker Super Micro continue to flee after news this week that Ernst & Young has resigned as its auditor.
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A spokesperson for U.S. Sen. Joni Ernst said Ernst is "laser-focused" on her Senate work, despite media reports that she ...