Here's Why Super Micro Computer Stock Fell Again Mon.
Here's Why Super Micro Computer Stock Fell Again Monday
Concerns about an upcoming deadline as well as fears of lost business opportunities have the stock sliding today. As of 10:40 a.m. ET, Supermicro shares were starting off the week down by 11.1%. That brings the monthly drop in the stock to about 53%.
Why Super Micro Computer Stock Sank Today
On Nov. 5, Supermicro published unaudited results for the first quarter of its current fiscal year -- a period that ended Sept. 30. The company said that it expected sales to come in between $5.9 billion and $6 billion, coming in below its previous guidance for revenue to be between $6 billion and $7 billion.
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