GlassHouse Research says they are long Super Micro Computer (SMCI) for the foreseeable future; analysis suggests that the risk-to-reward ratio and valuation are highly favourable for the stock at this time
- As far as the accounting goes, believe that Hindenburg missed the mark as the quantitative accounting metrics do not line up with their published short thesis.
- Additionally, the recent filing delay seems to be a precautionary measure in response to Hindenburg’s report.
- If the Co. provides clarity or a minor revision, anticipate a potential rebound in the stock.
Reaction details (17:49)
- SMCI shares seen upside seen the headline, and currently residing at session highs.
09 Sep 2024 - 17:23- - Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts