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Labrish
Nyuuz
Supermicro Stock Tanks After JPMorgan Cuts Target
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[QUOTE="Munyaradzi Mafaro, post: 37255, member: 636"] JPMorgan lowered Super Micro's stock price targets after weak earnings news. The bank kept a neutral rating but cut the target from $36 to $35. Super Micro shares fell 5 percent today. The company has lost 48 percent since its February peak. Delayed orders came from many buyers, not just one or two. Super Micro faces ongoing problems as clients wait between buying different systems. Some data centers cannot accept planned shipments. Revenue pushbacks will spread across several future quarters. Older Nvidia Hopper chips cost less these days. These price drops might hurt profit margins by about 1 percent or more. The bank thinks Super Micro leads in making the latest tech servers fast. Investors worry about their ability to predict sales growth. Corporate rule concerns linger after the accounting issues last year. Super Micro needs its finance chief to discuss special reports. They must also beat short-term goals to help stock prices rise again. [/QUOTE]
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Nyuuz
Supermicro Stock Tanks After JPMorgan Cuts Target
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