Super Micro shares fall as server maker misses sales targets, annual filing uncertain
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November 6, 2024 6:39 AM EST
Mizuho Suspends Rating on Super Micro Computer (NASDAQ: SMCI): 'Due to lack of full financial detailed and audited statements'
The analyst comments "Due to lack of full financial detailed and audited statements we are suspending our rating/PT for SMCI.... More
November 6, 2024 5:47 AM EST
Super Micro Computer (NASDAQ: SMCI) Reco Suspension Maintained at Needham, Broker Issues Comments.
The analyst comments "SMCI announced mixed preliminary unaudited F1Q25 results in which revenue fell short of expectations while GM exceeded expectations. The shortfall in revenue was attributed to... More
November 6, 2024 5:41 AM EST
Barclays analyst George Wang lowered the price target on Super Micro Computer (NASDAQ: SMCI) to $25.00 (from $42.00) while maintaining a Equalweight rating.
The analyst comments "SMCI is currently working on finding a new auditor. The company also expects to submit a plan to Nasdaq before the Nov 16th deadline to regain compliance with Nasdaqs listing rules. If a plan is submitted and accepted, SMCI could have until Feb 25th, 2025 to file its 10-K. In our view, the risk of SMCI not meeting Nasdaq's listing... More
November 6, 2024 5:35 AM EST
Goldman Sachs analyst Michael Ng lowered the price target on Super Micro Computer (NASDAQ: SMCI) to $28.00 (from $67.50) while maintaining a Neutral rating.
The analyst comments "SMCIs F1Q25 preliminary results and F2Q25E missed on lower-than-expected revenue. Combined with the absence of revenue guidance reiteration, it appears that SMCI may potentially be seeing... More
November 6, 2024 5:30 AM EST
JPMorgan analyst Samik Chatterjee downgraded Super Micro Computer (NASDAQ: SMCI) from Neutral to Underweight with a price target of $23.00 (from $50.00).
The analyst comments "We are downgrading shares of Super Micro to Underweight even following a positive update shared by the company in relation to opinion of the Special Committee, led by the following risk factors that are leading us to expect more uncertainty around both the regulatory filings as well as business fundamentals, including: 1) The company refrained from providing further transparency around the issues leading to the disagreement with the prior... More
