Super Micro Computer Inc., a leading manufacturer of computer servers and storage solutions, has regained compliance with the Nasdaq stock exchange. The company’s recent move is being closely watched by investors as it aims to restore its previously suspended coverage on Wall Street.
In 2020, Super Micro faced criticism for accounting irregularities, which led to a suspension of its shares’ trading due to non-compliance with Nasdaq regulations. Since then, the company has taken steps to address these issues and improve its corporate governance.
However, despite this progress, some analysts remain skeptical about the long-term prospects of Super Micro’s stock. According to Mizuho analyst [Analyst Name], who recently resumed coverage of the company, he declines to recommend Super Micro shares due to competitive challenges in the market.
The analyst’s cautious stance reflects the intense competition faced by Super Micro and other players in the server and storage sector. The company must continue to demonstrate its ability to navigate these challenges and deliver strong financial performance to justify a buy recommendation from analysts.
Source: https://www.marketwatch.com/story/super-micro-is-back-in-compliance-is-that-enough-to-make-its-stock-a-buy-2fff0deb