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.
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 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.
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Not so Super Micro bucks AI sector boom trend, reports underwhelming Q3 figures
Super Micro, which provides enterprise AI infrastructure, stands out as a negative outlier in 2024's artificial intelligence ...
Super Micro Computer: The Risk Matrix Has Changed (Rating Downgrade)
Super Micro Computer still hasn't filed its overdue financials and its auditor resigned. Read why I've lowered my rating for ...
Super Micro Shares Plunge 30 Percent After Ernst & Young Resigns as Auditor
The accounting firm said it could no longer rely on representations from the company's management and audit committee.
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Super Micro Shares Drop as Ernst & Young Resigns Amid Accounting Concerns
Super Micro Computer (SMCI) saw its shares plunge over 30% after announcing that Ernst & Young (EY) had resigned as its auditor, deepening investor concerns around the company’s accounting ...
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, ...
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Super Micro's stock plunges after Ernst & Young resigns as auditor, raising concerns about the company's financial stability.
Supermicro plunges after Ernst & Young resigns as registered public accountant
Shares of Supermicro (SMCI) are sharply lower in pre-market trading after it was disclosed in a regulatory filing that on October 24, Ernst ...
Super Micro Computer: Implications Of A Potential Delisting And Other Structural Aspects To Consider
SMCI's stock has suffered significantly after the resignation of its external auditor, Ernst & Young, casting doubt on ...