Super Micro Analyst Suspends Rating Over Governance, Accounting Issues
Super Micro Analyst Suspends Rating Over Governance, Accounting Issues
Super Micro is in the process of finding a new accounting firm and does not expect to restate any quarterly financials for fiscal 2024 or previous fiscal years.Super Micro Computer, Inc (NASDAQ:SMCI) stock continued to fall on Thursday after Rosenblatt analyst Hans Mosesmann suspended his rating on the artificial intelligence server company, citing governance and accounting concerns following Ernst & Young's resignation as the company's auditor.
納斯達克股票shutterstock繼續下跌，週四，在Ernst & Young辭去公司核數師職務後，Rosenblatt分析師Hans Mosesmann暫停對這家人工智能服務器公司的評級，稱公司治理和會計問題，並提到了從超微公司到Ernst & Young的溝通的透明性和完整性等擔憂。
Mosesmann noted that Ernst & Young resigned as the company's registered public accounting firm on Oct. 24, due to concerns regarding governance, transparency, and completeness of communications from Super Micro to Ernst & Young and matters regarding internal control of financial reporting.
Mosesmann指出，Ernst & Young於10月24日辭去了公司的註冊會計師職務，原因是擔心超微向Ernst & Young提供的治理、透明度和通信的完整性，以及與財務報告內部控制相關的事項。
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Super Micro is in the process of finding a new accounting firm and does not expect to restate any quarterly financials for fiscal 2024 or previous fiscal years.
超微正在尋找新的會計公司，並預計不會重新調整2024財政年度或之前的季度財務報表。
In early September, Super Micro's management postponed its 10K filing, stating they did not anticipate any material adjustments to the fiscal quarter or fiscal year ending in June, a stance reiterated in their 8-K filing, the analyst noted Additionally, Super Micro appointed a Special Committee to review its internal controls.
在九月初，超微的管理推遲了其1萬的提交，表示他們不預期在六月結束的財季或財年中有任何重大調整，分析師指出，並重申在他們的8-k提交中。此外，超微任命了一個特別委員會來審查其內部控制。
Management disagreed with Ernst & Young's decision to resign before the review's completion, suggesting the departure may align with staff reductions amid declining demand, potentially signaling a shift away from higher-risk projects.
管理團隊不同意Ernst & Young在審查完成前辭職的決定，暗示這一離職可能與員工裁員和需求下降有關，可能預示着轉向較高風險項目的轉變。
Mosesmann anticipates further management updates during the first-quarter fiscal 2025 earnings call scheduled for Nov. 5. Given current uncertainties around Super Micro's financials, the analyst suspended his rating, price target, and estimates until a clear outcome allows for a definitive recommendation.
Mosesmann預計在11月5日舉行的2025財年第一季度業績會上，會有進一步的管理更新。鑑於關於超微財務情況的當前不確定性，分析師暫停了他的評級、目標價和預測，直到明確的結果能夠提供明確的建議。
Also on Thursday, Argus Research analyst Jim Kelleher also downgraded Super Micro from Buy to Hold.
同樣在週四，Argus研究分析師Jim Kelleher將超微的評級從買入調降到持有。
In August, Hindenburg published a short report accusing Super Micro of accounting manipulation, self-dealing with related parties, and evading sanctions.
今年8月，Hindenburg發佈了一份短報告，指控超微公司進行了會計操縱，與相關方自我交易，並逃避制裁。
The report draws on findings from litigation records, company documents, and interviews with former senior employees.
該報告依據訴訟記錄、公司文件以及對前高級員工的訪談結果。
Price Action: SMCI stock is down 10.5% at $29.58 at last check Thursday.
股價走勢：截至上週四最新數據，SMCI股價下跌10.5%，報29.58美元。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。
