Super Micro Stock Keeps Slipping. A Delisting Deadline Looms

Dow Jones11-11

Shares of SUPER MICRO COMPUTER INC were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.

Super Micro stock is about 11% lower in Monday trading.

For a quick refresh, here's what's been going on:

On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues."

The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.

In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said "contains false or inaccurate statements about our company including misleading presentations of information." Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.

Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst & Young had , citing its unwillingness to be "associated with the financial statements prepared by management." Super Micro said it disagrees with the decision and is seeking new auditors.

Super Micro stock hasn't turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.

It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.

"It arguably appears to be an uphill battle for SMCI to remain listed at this point," Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.

This slate of issues has sent shares down 80% from their all-time high notched in March.

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Comments

Dumplinggogh
11-12
Dumplinggogh
How did they get relisted and even sky rocket if they're that bad? Is the company manipulating stock prices???
- a4xrbj1:
  They are selling server racks with liquid cooling technology that is much needed for those latest NVIDIA chips. That’s why
Baba Vanga
11-11
Baba Vanga
there are news coming this week

Leave a comment

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A Delisting Deadline Looms","media":"Dow Jones","content":"<html><head></head><body><p>Shares of  <a href=\"https://laohu8.com/S/SMCI\">SUPER MICRO COMPUTER INC</a>  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.</p><p>Super Micro stock is about 11% lower in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7001eec6084618eb29b782bb1763f843\" tg-width=\"416\" tg-height=\"402\"/></p><p>For a quick refresh, here&#39;s what&#39;s been going on:</p><p>On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. 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A Delisting Deadline Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-11 22:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of  SUPER MICRO COMPUTER INC  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 11% lower in Monday trading.For a quick...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMCI","symbol_name":"超微电脑","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482578494","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482578494","pubTimestamp":1731336902,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Super Micro Computer were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 5.6% lower to $23.15 in premarket trading, while futures tracking the S&P 500 are up 0.4%. 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After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.\"It arguably appears to be an uphill battle for SMCI to remain listed at this point,\" Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.This slate of issues has sent shares down 80% from their all-time high notched in March.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":369893646581952,"gmtCreate":1731346791020,"gmtModify":1731346794721,"author":{"id":"4088555865224950","authorId":"4088555865224950","name":"Dumplinggogh","avatar":"https://static.tigerbbs.com/a4148d32bdc2876cba031551925cd7e2","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"4088555865224950","idStr":"4088555865224950"},"htmlText":"How did they get relisted and even sky rocket if they're that bad? Is the&nbsp;company manipulating stock prices???&nbsp;","listText":"How did they get relisted and even sky rocket if they're that bad? Is the&nbsp;company manipulating stock prices???&nbsp;","text":"How did they get relisted and even sky rocket if they're that bad? Is the company manipulating stock prices???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/369893646581952","repostId":2482578494,"repostType":2,"repost":{"id":"2482578494","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1731336902,"share":"https://ttm.financial/m/news/2482578494?lang=&edition=fundamental","pubTime":"2024-11-11 22:55","market":"us","language":"en","title":"Super Micro Stock Keeps Slipping. A Delisting Deadline Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2482578494","media":"Dow Jones","summary":"Shares of Super Micro Computer were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 5.6% lower to $23.15 in premarket trading, while futures tracking the S&P 500 are up 0.4%. Shares have declined three out of the past four days, according to Dow Jones Market Data. Shares have dropped 19% this month and are on track for their worst year since 2018.On Aug. 7, the stock fell 20%, a day after  deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller  Hindenburg Research alleged it \"found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.\". 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Later that month, a report from short seller Hindenburg Research alleged it &#34;found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.&#34;</p><p>The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.</p><p>In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said &#34;contains false or inaccurate statements about our company including misleading presentations of information.&#34; Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.</p><p>Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst &amp; Young had , citing its unwillingness to be &#34;associated with the financial statements prepared by management.&#34; Super Micro said it disagrees with the decision and is seeking new auditors.</p><p>Super Micro stock hasn&#39;t turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.</p><p>It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.</p><p>&#34;It arguably appears to be an uphill battle for SMCI to remain listed at this point,&#34; Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.</p><p>This slate of issues has sent shares down 80% from their all-time high notched in March.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Stock Keeps Slipping. A Delisting Deadline Looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Stock Keeps Slipping. A Delisting Deadline Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-11 22:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of  <a href=\"https://laohu8.com/S/SMCI\">SUPER MICRO COMPUTER INC</a>  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.</p><p>Super Micro stock is about 11% lower in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7001eec6084618eb29b782bb1763f843\" tg-width=\"416\" tg-height=\"402\"/></p><p>For a quick refresh, here&#39;s what&#39;s been going on:</p><p>On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it &#34;found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.&#34;</p><p>The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.</p><p>In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said &#34;contains false or inaccurate statements about our company including misleading presentations of information.&#34; Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.</p><p>Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst &amp; Young had , citing its unwillingness to be &#34;associated with the financial statements prepared by management.&#34; Super Micro said it disagrees with the decision and is seeking new auditors.</p><p>Super Micro stock hasn&#39;t turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.</p><p>It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.</p><p>&#34;It arguably appears to be an uphill battle for SMCI to remain listed at this point,&#34; Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.</p><p>This slate of issues has sent shares down 80% from their all-time high notched in March.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2482578494","content_text":"Shares of  SUPER MICRO COMPUTER INC  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 11% lower in Monday trading.For a quick refresh, here's what's been going on:On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it \"found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.\"The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said \"contains false or inaccurate statements about our company including misleading presentations of information.\" Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst & Young had , citing its unwillingness to be \"associated with the financial statements prepared by management.\" Super Micro said it disagrees with the decision and is seeking new auditors.Super Micro stock hasn't turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.\"It arguably appears to be an uphill battle for SMCI to remain listed at this point,\" Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.This slate of issues has sent shares down 80% from their all-time high notched in March.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":370952537870696,"gmtCreate":1731603715258,"gmtModify":1731603720352,"authorId":4140090365269462,"author":{"id":4140090365269462,"idStr":"4140090365269462","authorId":4140090365269462,"name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":369893646581952,"type":1,"supId":0,"prevId":0,"content":"They are selling server racks with liquid cooling technology that is much needed for those latest NVIDIA chips. That’s why","text":"They are selling server racks with liquid cooling technology that is much needed for those latest NVIDIA chips. That’s why","html":"They are selling server racks with liquid cooling technology that is much needed for those latest NVIDIA chips. That’s why"}],"langContent":"EN"},{"id":369858723500464,"gmtCreate":1731338297026,"gmtModify":1731338300177,"author":{"id":"3571730414159868","authorId":"3571730414159868","name":"Baba Vanga","avatar":"https://community-static.tradeup.com/news/7d756427c502f23a46f7e8a07d838158","vip":1,"crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3571730414159868","idStr":"3571730414159868"},"htmlText":"there are news coming this week&nbsp;","listText":"there are news coming this week&nbsp;","text":"there are news coming this week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369858723500464","repostId":2482578494,"repostType":2,"repost":{"id":"2482578494","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1731336902,"share":"https://ttm.financial/m/news/2482578494?lang=&edition=fundamental","pubTime":"2024-11-11 22:55","market":"us","language":"en","title":"Super Micro Stock Keeps Slipping. A Delisting Deadline Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2482578494","media":"Dow Jones","summary":"Shares of Super Micro Computer were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 5.6% lower to $23.15 in premarket trading, while futures tracking the S&P 500 are up 0.4%. Shares have declined three out of the past four days, according to Dow Jones Market Data. Shares have dropped 19% this month and are on track for their worst year since 2018.On Aug. 7, the stock fell 20%, a day after  deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller  Hindenburg Research alleged it \"found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.\". In September,  CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said \"contains false or inaccurate statements about our company","content":"<html><head></head><body><p>Shares of  <a href=\"https://laohu8.com/S/SMCI\">SUPER MICRO COMPUTER INC</a>  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.</p><p>Super Micro stock is about 11% lower in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7001eec6084618eb29b782bb1763f843\" tg-width=\"416\" tg-height=\"402\"/></p><p>For a quick refresh, here&#39;s what&#39;s been going on:</p><p>On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it &#34;found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.&#34;</p><p>The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.</p><p>In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said &#34;contains false or inaccurate statements about our company including misleading presentations of information.&#34; Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.</p><p>Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst &amp; Young had , citing its unwillingness to be &#34;associated with the financial statements prepared by management.&#34; Super Micro said it disagrees with the decision and is seeking new auditors.</p><p>Super Micro stock hasn&#39;t turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.</p><p>It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.</p><p>&#34;It arguably appears to be an uphill battle for SMCI to remain listed at this point,&#34; Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.</p><p>This slate of issues has sent shares down 80% from their all-time high notched in March.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Stock Keeps Slipping. A Delisting Deadline Looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Stock Keeps Slipping. A Delisting Deadline Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-11 22:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of  <a href=\"https://laohu8.com/S/SMCI\">SUPER MICRO COMPUTER INC</a>  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.</p><p>Super Micro stock is about 11% lower in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7001eec6084618eb29b782bb1763f843\" tg-width=\"416\" tg-height=\"402\"/></p><p>For a quick refresh, here&#39;s what&#39;s been going on:</p><p>On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it &#34;found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.&#34;</p><p>The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.</p><p>In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said &#34;contains false or inaccurate statements about our company including misleading presentations of information.&#34; Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.</p><p>Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst &amp; Young had , citing its unwillingness to be &#34;associated with the financial statements prepared by management.&#34; Super Micro said it disagrees with the decision and is seeking new auditors.</p><p>Super Micro stock hasn&#39;t turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.</p><p>It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.</p><p>&#34;It arguably appears to be an uphill battle for SMCI to remain listed at this point,&#34; Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.</p><p>This slate of issues has sent shares down 80% from their all-time high notched in March.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2482578494","content_text":"Shares of  SUPER MICRO COMPUTER INC  were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 11% lower in Monday trading.For a quick refresh, here's what's been going on:On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it \"found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.\"The stock dropped 19% on Aug. 28, after the company said it would delay filing its 10-K for the fiscal year ended June 30.In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said \"contains false or inaccurate statements about our company including misleading presentations of information.\" Later that month, The Wall Street Journal reported the company was being probed by the Justice Department.Then, the stock plummeted 33% on Oct. 30 after disclosing its accounting firm Ernst & Young had , citing its unwillingness to be \"associated with the financial statements prepared by management.\" Super Micro said it disagrees with the decision and is seeking new auditors.Super Micro stock hasn't turned the page in the new month, plunging 18% on Nov. 6 after the company provided a worse-than-expected business update the night before.It may only get worse. After delaying the filing of its 10-K for the fiscal year ended June 30, Super Micro has until Nov. 16 to submit a plan to the Nasdaq Stock Exchange to regain compliance with listing rules.\"It arguably appears to be an uphill battle for SMCI to remain listed at this point,\" Wedbush analyst Matt Bryson in a note last week. He slashed his price target on Super Micro to $32 from $62 while maintaining a Neutral rating.This slate of issues has sent shares down 80% from their all-time high notched in March.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482578494"}