Profile
Sector:
TechnologyIndustry:
Computer HardwareCountry:
United StatesIPO:
29 March 2007Website:
http://www.supermicro.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:57 GMTDividend
Analysts recommendations
Institutional Ownership
SMCI Latest News
The decline in stock prices continued after the resignation of its auditor.
Supermicro's independent auditor has decided not to help the company with its financial matters. This is the most recent issue in a series of accounting problems related to Supermicro.
Super Micro's stock continued to fall on Friday, decreasing by another 9%, which means it has lost 44% this week. The biggest drop happened on Wednesday when the company announced it had lost its second auditor in under two years.
Super Micro Computer, Inc. recently lost Ernst & Young as its auditor, which has raised concerns and caused a significant drop in its stock price. However, the company is still experiencing high demand for data center infrastructure, particularly for AI-capable servers, and expects to reach its sales goal of $6-7 billion for Q1 2025. Despite strong sales, the loss of investor confidence has resulted in a cautious 'Hold' rating before the next earnings report.
SMCI's financial results for the first quarter of the fiscal year are likely to show strong performance in its Server & Storage System division.
It can be confidently said that Super Micro Computer's NASDAQ: SMCI share price will experience a lot of ups and downs in the near future. The recent resignation of external auditors Ernst & Young for the second time in 18 months points out the risks that were initially raised by former employee Bob Luong.
Investors in Super Micro Computer stocks are having a tough time. They just can't seem to find any relief.
Supermicro's stock dropped by 32% in just one trading day due to this recent news.
Super Micro Computer's stock has dropped significantly following the news that EY has stepped down. This raises serious concerns about SMCI's financial practices. The upcoming two weeks will be crucial, as they could greatly impact the stock's future.
Super Micro Computer, Inc. (Nasdaq: SMCI) has experienced a very unpredictable year, and yesterday its stock price suffered a significant drop. The shares plummeted by more than 32% following the announcement that the company's auditor, Ernst & Young (EY), had resigned the previous week.
What type of business is Super Micro Computer?
Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software. The company provides application-optimized server solutions, rackmount and blade servers, storage, and subsystems and accessories; and server software management solutions, such as Server Management Suite, including Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. In addition, it offers server subsystems and accessories comprising server boards, chassis, power supplies, and other accessories. Further, the company provides server and storage system integration, configuration, and software upgrade and update services; and technical documentation services, as well as identifies service requirements, creates and executes project plans, and conducts verification testing and technical documentation, and training services. Additionally, it offers help desk and on-site product support services for its server and storage systems; and customer support services, including ongoing maintenance and technical support for its products. The company provides its products to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets. It sells its products through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. The company was incorporated in 1993 and is headquartered in San Jose, California.
What sector is Super Micro Computer in?
Super Micro Computer is in the Technology sector
What industry is Super Micro Computer in?
Super Micro Computer is in the Computer Hardware industry
What country is Super Micro Computer from?
Super Micro Computer is headquartered in United States
When did Super Micro Computer go public?
Super Micro Computer initial public offering (IPO) was on 29 March 2007
What is Super Micro Computer website?
https://www.supermicro.com
Is Super Micro Computer in the S&P 500?
Yes, Super Micro Computer is included in the S&P 500 index
Is Super Micro Computer in the NASDAQ 100?
No, Super Micro Computer is not included in the NASDAQ 100 index
Is Super Micro Computer in the Dow Jones?
No, Super Micro Computer is not included in the Dow Jones index
When was Super Micro Computer the previous earnings report?
No data
When does Super Micro Computer earnings report?
Next earnings report date is not announced yet