Super Micro Computer's Roller-Coaster Ride Continues. What Should Investors Do With the Stock?
Super Micro Computer (NASDAQ: SMCI) shares have continued to be extremely volatile, with the stock surging ahead of its preliminary earnings report, only to dip nearly 10% the session before its report. The stock then bounced around following the announcement of its result. The stock is up nearly 40% year to date, but down about 50% over the past year, as of this writing, as the stock continues to make big moves in both directions.Let's take a look at the company's most recent preliminary results and guidance to help determine what investors should do with the stock.2024 was a topsy-turvy year for Supermicro, as the company faced the backlash of a short report accusing it of accounting manipulation, a delay of filing its financials, a Department of Justice (DOJ) investigation reported by the Wall Street Journal, and the resignation of its auditor.Continue reading
Super Micro Computer (NASDAQ: SMCI) shares have continued to be extremely volatile, with the stock surging ahead of its preliminary earnings report, only to dip nearly 10% the session before its report. The stock then bounced around following the announcement of its result. The stock is up nearly 40% year to date, but down about 50% over the past year, as of this writing, as the stock continues to make big moves in both directions.
Let's take a look at the company's most recent preliminary results and guidance to help determine what investors should do with the stock.
2024 was a topsy-turvy year for Supermicro, as the company faced the backlash of a short report accusing it of accounting manipulation, a delay of filing its financials, a Department of Justice (DOJ) investigation reported by the Wall Street Journal, and the resignation of its auditor.
