BUZZ-Super Micro to issue Q2 update next week; stock rises
Super Micro SMCI.O gains 6.2% to $28.50 premarket
AI server maker says it will share Q2 business update on Feb. 11
Expects net sales of $5.5 bln-$6.1 bln, almost in line with analysts' estimate of $5.9 bln, according to LSEG data
On Dec. 2, 2024, SMCI said its independent committee review found no evidence of fraud/misconduct on the management's part
Days later co got extension until Feb. 25 from Nasdaq to file delayed annual and quarterly reports
Stock has halved in value over past 12 months, jeopardising its place on S&P 500 index .SPX
Co was last valued at $15.8 bln, below SPX's minimum listing requirement of $20.5 bln
Stock booted out of Nasdaq 100 index .NDX in mid-December, 2024
About 16.2% of SMCI's free float is in short position - Ortex data
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