Super Micro Stocks Cersaws, as the server maker says it will meet the deadline for the deposit

Super small computer (SMCIOn Tuesday, the shares are defined after the market was closed, as the company said Delayed files are expected to SEC By Nasdak’s deadline on February 25 to avoid deletion.

The company – competition for Dell (Del) That makes computer servers using NVIDIA (NvdaThe latest Blackwell Ai chips – she said that she “continues to work hard to submit” its annual and semester reports to the American Securities and Stock Exchange Committee and “you think it will submit such deposits by February 25.” Super Micro was late for deposits after it happened a report Last year was published by Hindenburg Research, short sales accusing the Servant of Accounting Violations.

Super Micro also reported the profits of the first second quarter after the bell on Tuesday, which was absent from the estimates of Wall Street. Super Micro said it expects to record revenues ranging from $ 5.6 billion to $ 5.7 billion for the quarter ending on December 31, less than $ 5.95 billion expected by Wall Street analysts, according to Bloomberg’s unanimity estimates. The company has reduced its revenues for the fiscal year 2025 to between 23.5 billion dollars and 25 billion dollars, less than the previous scope of 26 billion dollars to 30 billion dollars.

SMCI shares sank up to 19 % after a bell on the results of the profits, but quickly reversed the direction. The stock rose more than 3 % late on Tuesday.

Super Micro’s business update comes yet Turbulent year The company faced continuous differences in the wake of the Hindenburg report. the According to what was reported, the US Department of Justice launched an investigation In super micro accounting practices. SEC’s annual and sedimentary annual files were exposed to the risk of its wreck by the Nasdaq Stock Exchange, and Accountant resigned.

NASDAQ recently granted Super Micro an extension to submit deposits by February 25. The company rented a new accountant, and the server maker said She did not find an independent review of her work any evidence of misconduct.

Super Micro Stock was in a state of climb before updating his work scheduled for February 11, but he reflected the direction on Tuesday. The shares fell by more than 9 % by the end of the trading day on Tuesday, as it ended a week -long march that saw shares earning nearly 60 %.

In its update on Tuesday, Super Micro confirmed that it had “received call notes from the Ministry of Justice and the Securities Committee and Exchanges that seek to obtain certain documents after publishing allegations in a short seller report published in August 2024.”

“The company is cooperating with these documents requests,” the company continued.

The story continues