Super Micro Computer (SMCI) actions were seen on Tuesday after closing the market as the company said plans to submit delayed deposits to the dry On the deadline of the Nasdaq on February 25 to avoid bringing back.
The Company – A Dell Rival (DELL) which manufactures computer servers using the latest Blackwell AI chips of Nvidia (NVDA) – said that it “continues to work with diligence to the” annual and quarterly delayed reports. to the Securities and Exchange American commission and the exchange committee and “think that this will make such deposits by February 25.” Super micro had discouraged the submission of deposits after a scathing report Published last year by the company in the open Hindenburg Research accusing the manufacturer of servers of accounting violations.
Super Micro also published preliminary results in the second quarter after the bell on Tuesday, which missed the estimates of Wall Street. Super Micro said that it expects to record a turnover of $ 5.6 billion at $ 5.7 billion for the closed quarter on December 31, below 5.95 billion dollars expected by Wall Street analysts, according to consensual estimates from Bloomberg. The company has reduced its income guidelines for the year 2025 to a range between $ 23.5 billion and 25 billion dollars, less than its previous range of $ 26 billion to $ 30 billion.
SMCI shares sank up to 19% after the bell on profits, but quickly reversed management. The stock increased by more than 3% Tuesday evening.
The update of super micro companies comes after a turbulent year in which the company was faced with current controversies in the wake of the Hindenburg report. THE The United States Ministry of Justice has launched an investigation in the accounting practices of super micro. The annual and quarterly deposits of the company’s SEC endangered him to be issued by the Nasdaq and his accountant resigned.
The NASDAQ recently granted Super Micro an extension to submit documents by February 25. The company hired a new accountant, and the server manufacturer said that an independent examination of his business found no evidence of misconduct.
Super micro -stock had been up before its commercial update scheduled for February 11, but reversed management on Tuesday. The shares fell by more than 9% by the end of the negotiation day on Tuesday, ending a week -long rally that saw shares win almost 60%.
Super Micro confirmed Tuesday in her update that she had “received assignments from the Ministry of Justice and Securities and Exchange Commission asking for certain documents following the publication of allegations in a reported seller report published in August 2024. “
“The company cooperates with these requests for documents,” continued the company.
