Super Micro Stock Drops Sharply After Earnings on Margin Concerns
SMCISuper Micro Computer(SMCI) MarketBeat·2024-08-08 01:01

Super Micro Computer TodaySMCISuper Micro Computer514.40102.54 (16.62514.40 -102.54 (-16.62%) 52-Week Range226.59▼1,229.00P/ERatio28.83PriceTarget1,229.00P/E Ratio28.83Price Target999.92Add to WatchlistSuper Micro Computer Inc. NASDAQ: SMCI stock is down more than 13% the morning after it delivered its fourth quarter and full-year 2024 earnings report. The curiosity isn’t why the stock is down but why it shot higher in the immediate aftermath of the report.  The headline numbers were below analysts’ expectations. Revenue of $5.31 billion was roughly in ...