Supermicro Relisting Common Stock on Nasdaq
Expects revenue for 2FQ20 between $850 million and $880 million.
This is a Press Release edited by StorageNewsletter.com on January 10, 2020 at 2:10 pmSuper Micro Computer, Inc. (SMCI) announced that The Nasdaq Stock Market LLC (Nasdaq) has approved its application for relisting of the company’s common stock on the Nasdaq Global Market.
It is expected that the company’s common stock will begin trading at the opening of trading on or about January 14, 2020 under the ticker symbol SMCI.
“We are excited to begin Supermicro’s next chapter by relisting our common stock on NASDAQ,” said president and CEO Charles Liang. “This marks our successful comeback and is the culmination of our efforts to become current with our SEC filings. We are pleased to begin a new chapter for Supermicro that is based on improved internal controls and a dedication to profitable growth. Not only are we back, but we are stronger, better, and re-energized to capitalize on the opportunities ahead.“
Business Update
The company now expects revenues for 2FQ20 ended December 31, 2019 to be in a range of $850 million to $880 million, compared to its previously announced guidance range of $810 million to $870 million.
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