Super Micro Computer swoons after lowering Q3 guidance
Shares of Super Micro Computer, Inc. (Nasdaq:SMCI) are crumbling after the developer of servers based on modular and open-standard x86 architecture lowered its fiscal third-quarter guidance after Wednesday’s close citing a decrease in the percentage of net sales from server solutions from the prior quarter, a delay in revenue from a significant project and increasing signs of oncoming economic weakness.
Shares sunk 17.5%, or $1.65, to $7.78 at 10:02 a.m. ET. For detailed price information and recent news stories about Super Micro Computer, click SMCI.
