Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro said its board of directors found there was no evidence of fraud or misconduct from management after its auditor resigned last week. Super Micro, the embattled server maker that's late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited first-quarter results on Tuesday.
Super Micro still can’t say when it will file annual report, and its stock drops
Super Micro says its special committee has so far found that its audit committee “acted independently and that there is no evidence of fraud or misconduct on the part of management” or the board.
Super Micro says cannot predict timing of annual filing; shares down
Super Micro Computer said on Tuesday it cannot predict when it would file its annual report with the U.S. Securities and Exchange Commission and that the results of a special committee probe showed there was no evidence of fraud on the part of management or the board.
Super Micro shares down on earnings, says investigation finds 'no evidence of fraud or misconduct'
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Super Micro Shares Fall 17% as Annual Results Delay Remains Unresolved
Super Micro, a major player in the server industry facing scrutiny, has experienced a 17% decline in share value during extended trading. This sharp drop followed the company’s release of unaudited quarterly results,
Super Micro slumps 20% on guidance cut; says recent probe shows no fraud evidence
Super Micro Computer cut its guidance for the fiscal first and second quarter and the server equipment maker said an internal probe found no evidence of fraud from management or directors following concerns raised by
Super Micro Computer Discloses Interim Quarterly Information, Says Committee Found No Evidence of Misconduct
Super Micro Computer (SMCI) late Tuesday provided interim financial information for the fiscal first quarter while saying that a committee looking into accounting firm Ernst & Young's concerns about governance found no evidence of fraud or misconduct.
Super Micro Computer Stock Has Dropped 60% on Troubling News. Here's What You Need to Know After the Company's Latest Update.
But investors' concerns deepened when an article by The Wall Street Journal spoke of a potential Department of Justice probe ...
Ernst & Young Resigns as Super Micro Computer’s Auditor
Ernst & Young has resigned as the auditor for Super Micro Computer after finding that it can no longer rely on management’s ...
Super Micro shares plummet 18% after financial update heightens investor concerns
Super Micro’s stock fell to its lowest since mid-2023 on Wednesday after the company issued unaudited quarterly results that ...
Super Micro Computer says Ernst & Young resigns as auditor, shares tank
Super Micro Computer said on Wednesday Ernst & Young had resigned as its auditor, sending its shares tumbling more than 30% ...
Super Micro Computer’s (NASDAQ:SMCI) Fair Valuation Comes with High Risks
I currently hold a neutral stance on Super Micro Computer (SMCI), a supplier of data center servers and storage solutions.
Is Super Micro Computer Stock a Buy? 3 Things to Watch.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, ...
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Bulls vs. Bears: Can Super Micro offset regulatory concerns with Q1 beat
However, the San Jose, California-based tech firm set its Q2 fiscal 2025 outlook below consensus amid concerns related to its delayed 10-K filing and the recent resignation of its auditor, Ernst & ...
Where Will Super Micro Computer Stock Be in 1 Year?
Analysts at Mizuho fear that the lack of an auditor (and possible challenges in getting a new one) could lead to a delisting ...
Super Micro's $50 billion stock collapse underscores risk of AI hype
The stock plunged 33% on Wednesday, after the company disclosed that its auditor, Ernst & Young, had resigned, saying it ...
Super Micro Computer Q1: Red Flags, Lessons Learned, And Hope Ahead (Rating Downgrade)
Given Super Micro Computer's history of accounting malpractice and ongoing scrutiny, my rating is downgraded to Hold, ...