Why Super Micro Computer Stock Is Skyrocketing Today
Super Micro Computer (NASDAQ: SMCI) stock is surging again Tuesday. The company's share price was up 11.8% as of 1:30 p.m. ET and had been up as much as 15.4% earlier in the daily session.
The deadline for filing Supermicro's delayed 10-K report is now one week away, and investors are betting that the annual results filing will arrive without any major problems. The server specialist's share price is now up roughly 73.5% over the last month.
According to the business update it published last week, Supermicro is on track to publish the 10-K report for its last fiscal year before Feb. 25. The company's 2024 fiscal year closed on June 30, but the company delayed the filing of its annual report due to concerns about the company's accounting practices that were raised in a short-seller report from Hindenburg Research.
Source Fool.com
