Super Micro Stock Is Spiraling Lower: What's Going On?
Super Micro Stock Is Spiraling Lower: What's Going On?
Super Micro also provided a business update related to the recent resignation of its independent auditor Ernst & Young (EY), who raised concerns about governance, transparency and completeness of communications.Super Micro Computer Inc (NASDAQ:SMCI) shares are tumbling Wednesday after the company reported preliminary financial results and provided a business update. JPMorgan also downgraded the stock and slashed its price target.
Super Micro Computer Inc（納斯達克代碼：SMCI）股價週三大幅下跌，因爲公司公佈了初步財務業績並提供了業務更新。摩根大通還下調了該股評級並削減了其目標股價。
What Happened: Super Micro announced after the market close on Tuesday that it expects to report first-quarter revenue of $5.9 billion to $6 billion, down from previous guidance of $6 billion to $7 billion. The company expects to report first-quarter adjusted earnings of 75 cents to 76 cents per share.
發生了什麼：Super Micro在週二收盤後宣佈，預計將報告第一季度營業收入爲59億至60億美元，低於先前指導的600億至70億美元。該公司預計將報告第一季度調整後每股收益爲0.75美元至0.76美元。
For the second quarter, Super Micro expects to report revenue of $5.5 billion to $6.1 billion. The company anticipates second-quarter adjusted earnings of 56 cents to 65 cents per share.
對於第二季度，Super Micro預計將報告55億至61億美元的營業收入。公司預計第二季度調整後每股收益爲0.56美元至0.65美元。
Super Micro also provided a business update related to the recent resignation of its independent auditor Ernst & Young (EY), who raised concerns about governance, transparency and completeness of communications.
Super Micro還提供了一項與獨立核數師安永（EY）最近辭職有關的業務更新，後者提出了有關治理、透明度和通信完整性的擔憂。
Super Micro said the Special Committee's investigation found that the company's Audit Committee acted independently and that there is "no evidence of fraud or misconduct on the part of management or the Board of Directors."
Super Micro表示，特別委員會的調查發現，公司的審計委員會獨立行事，並且「沒有證據表明管理層或董事會存在欺詐或不端行爲。」
The Special Committee said it will recommend "a series of remedial measures for the Company to strengthen its internal governance and oversight functions."
特別委員會表示，將建議「一系列糾正措施，以加強公司的內部治理和監督職能。」
On a call with analysts and investors late Tuesday, Super Micro said it wouldn't take any questions related to EY's resignation. The company also failed to address corporate governance issues, per CNBC.
在週二晚間與分析師和投資者舉行的電話會議上，Super Micro表示不會回答任何與安永辭職相關的問題。該公司還未能解決企業治理問題，據CNBC報道。
Super Micro also announced Tuesday that it continues to work diligently on filing its Form 10-K for its fiscal year ended June 30, but "remains unable at this time to predict" when it will be filed. Super Micro hasn't filed financial results with the SEC since May. The Form 10-K was due on Aug. 29.
Super Micro還宣佈，繼續努力申報截至6月30日財政年度的10-k表格，但「目前無法預測」何時提交。自5月以來，Super Micro尚未向證券交易委員會提交財務業績。10-k表格截止日期爲8月29日。
Super Micro received a notification from the Nasdaq stating that it was not in compliance with timely filing requirements in September. The company said it filed an extension and has 60 days from the date of notice to regain compliance.
超微收到納斯達克的通知，稱其未能及時符合九月的報告要求。公司表示已申請延期，並有60天的時間從通知日期開始恢復合規。
Following the business update, JP Morgan analyst Samik Chatterjee downgraded Super Micro from Neutral to Underweight and slashed the price target from $50 to $23.
在業務更新後，摩根大通分析師Samik Chatterjee將超微的評級從中立下調爲低於預期，並將價格目標從50美元降至23美元。
SMCI Price Action: Super Micro shares were down 23.9% at $21.08 at the time of publication Wednesday, according to Benzinga Pro.
SMCI股價走勢：根據Benzinga Pro，在週三發佈時，超微股票下跌23.9%，報21.08美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。
