Super Microstock Seesaw as a server manufacturer says it meets filing deadlines
Super microcomputer (SMCI) As the company said, it took stock on Tuesday after the market approached. I’m hoping to submit delayed filings to the SEC We will avoid listing until the deadline of NASDAQ on February 25th.
Company – Dell’s rival (Dell) It’s nvidia’s (NVDA) The latest Blackwell AI chip said it is “continuing to work hard towards filing” its late annual and quarterly report with the Securities and Exchange Commission, and “please make such applications by February 25th. I think so.” Super Micro postponed filing submission after scathing Report It was published last year by short-seller Hindenburg Research, who accused Server Maker of accounting violations.
Super Micro also reported second-quarter revenues in the reserve after Tuesday’s Bell. Super Micro expects Wall Street analysts to record revenues of between $5.6 billion and $5.7 billion in the quarter ended December 31, falling below the expected $5.95 billion, according to Bloomberg Consensus estimates. He said that. The company cut its revenue guidance for fiscal year 2025 to $23.5 billion to $25 billion, below the $26 billion to $30 billion range.
SMCI’s shares sank 19% after the earnings result bell, but quickly reversed the line. Stock increased by more than 3% late Tuesday.
Super Micro’s business update will be available later The year of turbulence The company faced an ongoing controversy in the wake of the Hindenburg report. The US Department of Justice reportedly launched an investigation In Super Micro’s accounting practices. The company’s delayed annual and quarterly SEC filings resulted in NASDAQ and its The accountant resigned.
NASDAQ recently approved a Super Micro an Extension for filing filing by February 25th. The company hired a new accountant, the server maker said Independent reviews of that business found no evidence of fraud.
Super Microstock had been rising ahead of the business update scheduled for February 11th, but overturned the direction on Tuesday. Shares had fallen more than 9% by the end of Tuesday trading day, ending a weekly rally, which rose nearly 60% in the weekly rally.
Super Micro said in an update Tuesday that it “received a subpoena from the Department of Justice and the Securities and Exchange Commission seeking specific documents after the publication of the claim in the short story retailer report published in August 2024.” I’ve checked.
“The company is helping with these document requests,” the company continued.