Argus initiated coverage on Super Micro Computer with a new price target
$SMCI
Computer Manufacturing
Technology
Argus initiated coverage of Super Micro Computer with a rating of Buy and set a new price target of $1,350.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $50.00 → $23.00 | Neutral → Underweight | JP Morgan |
| 10/31/2024 | Buy → Hold | Argus | |
| 9/18/2024 | $600.00 | Buy | Needham |
| 9/17/2024 | $450.00 | Neutral | Mizuho |
| 9/6/2024 | $950.00 → $500.00 | Overweight → Neutral | JP Morgan |
| 9/4/2024 | $693.00 → $438.00 | Overweight → Equal Weight | Barclays |
| 8/7/2024 | $1090.00 → $700.00 | Buy → Neutral | BofA Securities |
| 7/10/2024 | $930.00 | Buy → Neutral | Nomura |
Special Committee, supported by outside counsel Cooley LLP and forensic accounting firm Secretariat Advisors, LLC, finds no evidence of misconduct on the part of management or the Board of Directors and that the Audit Committee acted independently No restatement of reported financials expected Board adopts recommendations of the Special Committee and appoints new Chief Accounting Officer, approves the transition to a new CFO and authorizes additional executive hires, along with other measures to strengthen the Company Super Micro Computer, Inc. (NASDAQ:SMCI) (the "Company"), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that the independent Special
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced today that the Audit Committee of its Board of Directors has engaged BDO USA, P.C. ("BDO") as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world's top five accounting firms network with over 115,000 professionals across its global network and a recognized leader in audit and assurance. "We are pleased to welcome BDO as Supermicro's independent auditor," said Charles Liang, President and CEO of Supermicro. "BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, announces the appointment of Susie Giordano to the board of directors. "The Board of Directors and I are excited that Susie Giordano has joined Supermicro as a Director," said Charles Liang, chairman of Supermicro's Board of Directors. "Susie has decades of extensive executive management experience leading both internal and external functions for several large technology companies and we look forward to her contributions to our future growth." Ms. Giordano has over 25 years of experience advising executive management and board directors on a wide range of topics, including strategy
JP Morgan downgraded Super Micro Computer from Neutral to Underweight and set a new price target of $23.00 from $50.00 previously
Argus downgraded Super Micro Computer from Buy to Hold
Needham initiated coverage of Super Micro Computer with a rating of Buy and set a new price target of $600.00
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (NASDAQ:NDX), which will become effective prior to market open on Monday, December 23, 2024. The following three companies will be added to the Index: Palantir Technologies Inc. (NASDAQ:PLTR), MicroStrategy Incorporated (NASDAQ:MSTR), and Axon Enterprise, Inc. (NASDAQ:AXON). The Nasdaq-100 Index® is composed of 100 of the largest non-financial companies1 listed on The Nasdaq Stock Market® and dates to January 1985 – nearly 40 years ago –when it was launched along with the Nasdaq Financial-100™ Index, which is comprised of 100 of the largest fi
Super Micro Computer, Inc. (NASDAQ:SMCI) ("SMCI" or the "Company"), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced that on December 6, 2024, it received a letter from the Nasdaq Stock Market ("Nasdaq") informing the Company that Nasdaq has granted the Company's request for an exception to Nasdaq's Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the period ended September 30, 2024 and any other required filings. The Company's common stock will remain listed on the Nasdaq Global Select
Special Committee, supported by outside counsel Cooley LLP and forensic accounting firm Secretariat Advisors, LLC, finds no evidence of misconduct on the part of management or the Board of Directors and that the Audit Committee acted independently No restatement of reported financials expected Board adopts recommendations of the Special Committee and appoints new Chief Accounting Officer, approves the transition to a new CFO and authorizes additional executive hires, along with other measures to strengthen the Company Super Micro Computer, Inc. (NASDAQ:SMCI) (the "Company"), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that the independent Special
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
SC 13G - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
Super Micro Computer, Inc. (SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that it will provide a first quarter fiscal 2025 business update on Tuesday, November 5, 2025, at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at https://ir.supermicro.com. A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year. Cautionary Statement Regarding Forward Looking Statements Statements contained in this press release that are not historical in fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced fourth quarter and full-year financial results for fiscal year 2024 ended June 30, 2024. Fourth Quarter of Fiscal Year 2024 Highlights Net sales of $5.31 billion versus $3.85 billion in the third quarter of fiscal year 2024 and $2.18 billion in the same quarter of last year. Gross margin of 11.2% versus 15.5% in the third quarter of fiscal year 2024 and 17.0% in the same quarter of last year. Net income of $353 million versus $402 million in the third quarter of fiscal year 2024 and $194 million in the same quarter of last year. Diluted net income per c
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced it will present a live audio webcast of a conference call to review its fiscal 2024 fourth quarter and full year financial results on Tuesday, August 6, 2024 at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at https://ir.supermicro.com. A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year. About Super Micro Computer, Inc. Supermicro (NASDAQ:SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed