Supermicro Announces Approval to Relist on NASDAQ and Provides Business Update
SAN JOSE, Calif., Jan. 10, 2020 -- Super Micro Computer, Inc. (SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today 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 Supermicro 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.”
The Company now expects revenues for the second quarter of fiscal year 2020 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. The Company will provide additional commentary when it reports earnings in early February.
Upcoming Investor Conference
The Company will be meeting with investors at the 22nd Annual Needham Growth Conference in New York City on January 14, 2020.