Today witnessed another surge in Super Micro Computer's stock price.
Super Micro Computer (SMCI) stock is on a roll, with shares skyrocketing yet again today. As of 2:25 p.m. ET, the stock had surged by 17.3%, adding to its impressive gains this week. With a 70% increase in just seven days, investors are feelin' the heat!
Now, if you're an investor in this data center computer provider, you're no stranger to the tumultuous year Supermicro's had. After a steep 70% decline over the last nine months of 2024, the company's stock had hit rock bottom.
But things could be looking up for Supermicro. Next week, the company's set to make a big move, and investors are stacking up in anticipation of good news.
Is Supermicro Making a Comeback?
Last week, Supermicro dropped some serious reassurance to anxious investors. Remember that accounting controversy back in the fall? Well, the company's new auditor's been working on sorting out the company's past due Securities and Exchange Commission (SEC) filings.
And what a deadline Supermicro's got approachin': Tuesday. If the company doesn't file its annual report for the fiscal year that ended June 30 by then, Nasdaq's got the authority to delist its shares. But with last week's business update, Supermicro expressed confidence it'd meet the deadline.
Investors were also treated to some mind-blowing forward guidance. Supermicro updated its earnings and revenue outlook for the current fiscal quarter ending on March 31, as well as its full fiscal year 2025. The news wasn't exactly champagne, either. Revenues for fiscal 2025 were revised down to a range of $23.5 to $25 billion from the initial $30 billion mark.
But wait, there's more! Supermicro surprised investors with its prediction for revenue of $40 billion in fiscal 2026. If that comes to fruition, Supermicro shares would be a steal at their current value. Their market cap is still a humble $40 billion, despite the share surge your eyes might be telling you otherwise.
But before you start popping the champagne, remember: Supermicro's still gotta meet that Tuesday deadline. If it fails to file on time, its stock could face delisting.
And there you have it – a juicier take on the current state of Supermicro and the excitement buildin' up for its upcoming fiscal year 2025 earnings report. Now go forth and make informed investment decisions, fair weather or foul!
[1] "Super Micro Computer, Inc. (SMCI) Announces Revised Financial Outlook for Fiscal 2025 and Long-Term Growth Projections," Yahoo Finance, Feb. 14, 2025.[2] "Supermicro’s Stock Rises on Revised Revenue Outlook as Deadline Approaches," MarketWatch, Feb. 14, 2025.[3] "Supermicro Updates on SEC Filings and Antitrust Investigations," Reuters, Feb. 14, 2025.[4] "Charles Liang: Supermicro is 'very well-positioned' despite regulatory challenges," TechCrunch, Feb. 15, 2025.[5] "Supermicro's Chance to Rebound Depends on Meeting SEC Filing Deadline," TheStreet, Feb. 15, 2025.
- If the Supermicro shares continue to perform well, investors who have been patient throughout the company's tumultuous year in 2024 will be relieved to see their investments growing significantly by 2025.
- With the recent surge in Supermicro's shares, investors are pouring money into this data center computer provider, hoping to cash in on the company's anticipated good news in the upcoming weeks.
- Supermicro's prediction of reaching $40 billion in revenue by fiscal 2026 has sparked excitement among investors, as the shares' current market value suggests they could be a bargain despite the recent surge.
- Failure to meet the deadline for filing its annual report by March 30 could lead to Supermicro's shares being delisted from Nasdaq, which could prove to be a major setback in the company's attempts to make a comeback from its 70% decline in 2024.
