Super Micro Computer Stock Plunges. Is This a Buying Opportunity?
One of the most volatile stocks over the past year or so, Super Micro Computer (NASDAQ: SMCI) continued its habit of making big moves after its shares tumbled following the company's pre-announcement of poor fiscal Q3 earnings results. The stock has lost about two-thirds of its value over the past year.The stock has been on a crazy roller-coaster ride ever since a short report came out questioning the company's accounting and accusing it of other misdeeds. The delay of its annual report, a reported investigation into the company by the Department of Justice, and the resignation of its auditor only added to the intrigue. However, the company is now current with its filings and reporting full results, but it just looks like they will be disappointing. Below, I'll take a closer look at Supermicro's announcement to see if this could be a buying opportunity in the stock.Continue reading
One of the most volatile stocks over the past year or so, Super Micro Computer (NASDAQ: SMCI) continued its habit of making big moves after its shares tumbled following the company's pre-announcement of poor fiscal Q3 earnings results. The stock has lost about two-thirds of its value over the past year.
The stock has been on a crazy roller-coaster ride ever since a short report came out questioning the company's accounting and accusing it of other misdeeds. The delay of its annual report, a reported investigation into the company by the Department of Justice, and the resignation of its auditor only added to the intrigue.
However, the company is now current with its filings and reporting full results, but it just looks like they will be disappointing. Below, I'll take a closer look at Supermicro's announcement to see if this could be a buying opportunity in the stock.
