Why Super Micro Computer Stock Is Soaring Today
Super Micro Computer (NASDAQ: SMCI) stock is surging in Monday's trading. The server company's share price was up 11.1% as of 12:30 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.5%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 1%.Supermicro's share price is rising due to expectations surrounding the company's business update for the second quarter of its current fiscal year, which concluded at the end of December. While the business update is unlikely to be an official earnings report for the period, investors are betting that the company will share some big news.Supermicro is scheduled to provide a business update through a conference call at 5 p.m. ET tomorrow. Given that the company has not yet published its audited 10-K report for its last fiscal year or audited results for the first quarter of the current fiscal year, investors may not be getting audited Q2 results tomorrow.Continue reading
Super Micro Computer (NASDAQ: SMCI) stock is surging in Monday's trading. The server company's share price was up 11.1% as of 12:30 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.5%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 1%.
Supermicro's share price is rising due to expectations surrounding the company's business update for the second quarter of its current fiscal year, which concluded at the end of December. While the business update is unlikely to be an official earnings report for the period, investors are betting that the company will share some big news.
Supermicro is scheduled to provide a business update through a conference call at 5 p.m. ET tomorrow. Given that the company has not yet published its audited 10-K report for its last fiscal year or audited results for the first quarter of the current fiscal year, investors may not be getting audited Q2 results tomorrow.
