Will Super Micro Computer Stock Surge After Feb. 25?

Super Micro Computer (NASDAQ: SMCI) is approaching a make-it-or-break-it moment. Last year, the tech company hit a stumbling block -- one that put its listing on the Nasdaq at risk -- and this crushed its stock performance. Supermicro, a top-performing stock in early 2024, saw its shares plummet more than 65% from September through mid-November.The problem? Supermicro faced questions about its financial reporting. Concerns started with a short report by Hindenburg Research alleging "glaring accounting red flags." And Supermicro's postponement of filing its audited annual and quarterly reports reinforced investors' worries. This late filing also pushed Supermicro into noncompliance with the Nasdaq, putting the stock at risk of delisting.In recent times, though, Supermicro has accelerated along the path to recovery. An independent special committee reviewed the company's financial reporting practices and found no evidence of wrongdoing. Supermicro also hired a new auditor and worked with the Nasdaq to establish a new filing date for the earnings reports to maintain its listing on the exchange. In fact, this filing deadline is Feb. 25. Will Supermicro stock surge after that date? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool