Super Micro Computer, Inc. (SMCI) shares have seen a remarkable rally, rising over 83% year-to-date and more than 30% in the past week alone, climbing to $59.25 per share. The recent surge stems from two main factors: the company's optimistic statement regarding its ability to file its crucial SEC Form 10-K by February 25, 2025, and a strong revenue forecast for fiscal years 2025 and 2026. This turnaround follows a tumultuous period marked by accounting issues that had caused the stock's earlier decline.
"Supermicro continues to work diligently toward the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and its Quarterly Report on Form 10-Q for the period ended September 30, 2024. Based on information currently available, the Company believes it will make such filings by February 25, 2025."
"The turnaround in SMCI's stock price fortunes has been especially evident over the last five days, with shares up over 30%."
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