Super Micro Computer’s Next Leg Hinges on Keeping Nasdaq Listing
- Company has to file outstanding financial reports by Feb. 25
- Shares are about 50% below all-time high hit in March
Super Micro Computer Inc., and other market information displayed at the Nasdaq MarketSite in New York.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
The next leg of Super Micro Computer Inc.’s rally, which has seen the shares jump more than 90% this year alone, hinges on the stock being able to trade on a major exchange.
The San Jose, California-based company has until Feb. 25 to submit all of its outstanding financial reports to bring it back to compliance so it can remain listed on the Nasdaq. The looming deadline has been an overhang on shares.