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Super Micro Computer (SMCI) shares were considered Tuesday after the closing of the market, since the company said it expect to send delayed presentations to the SEC for the deadline of February 25, Nasdaq to avoid provision.
The company, a Dell (Dell) rival who manufactures computer servers using the last Blackwell AI AI (NVDA) chips, said “continues to work diligently towards the presentation” of its annual and quarterly reports delayed to the commission of US stock market and values. “Believe that you will make such presentations before February 25”. Super Micro had postponed the presentation of the presentations after a scathing report Published last year for the short sales firm Hindenburg Research accusing the manufacturer of the accounting violations.
Super Micro also reported preliminary profits of the second quarter after the bell on Tuesday, which was lost the estreet estreet estimates. Super Micro said that he hopes to register an income from $ 5.6 billion to $ 5.7 billion for the quarter that ended on December 31, below the $ 5.95 billion expected by Wall Street analysts, according to the consensus estimates of consensus of Bloomberg The company reduced its income guide for fiscal year 2025 to a range of between $ 23.5 billion and $ 25 billion, lower than its previous range of $ 26 billion to $ 30 billion.
SMCI’s actions sank up to 19% after the bell in the results of the profits, but quickly reversed the address. The action rose more than 3% on Tuesday night.
Super Micro’s commercial update occurs after a turbulent year in which the company faced ongoing controversies following the Hindenburg report. He According to reports, the United States Department of Justice launched an investigation In the accounting practices of Super Micro. The annual and quarterly presentations of the SEC of the firm put it at risk of being eliminated by the Nasdaq, and its accountant resigned.
The Nasdaq recently gave Super Micro an extension to present the presentations before February 25. The company has hired a new accountant, and the server manufacturer said that an independent review of its business did not find evidence of misconduct.
Super Micro Stock had been in a rebound before its commercial update scheduled on February 11, but reversed the address on Tuesday. The shares fell more than 9% at the end of the negotiation day on Tuesday, finishing a one -week rally that saw that the shares earned almost 60%.
Super Micro confirmed in its update on Tuesday that it had “received citations from the Department of Justice and the Bag and Securities Commission in search of certain documents after the publication of accusations in a short seller report published in August 2024.”
“The company is cooperating with these requests for documents,” the company continued.
