Why Did Super Micro Computer Stock Soar Today?
Supermicro's update was great news for other names, too.
Overview
Super Micro Computer (NASDAQ: SMCI) provided some disappointing preliminary guidance today, but that didn't stop the stock from soaring. Investors are brushing off past problems and even news that revenue will come in at the low end of the company's guidance.
That's because Supermicro shocked investors with the news that the company's profit margin for the fiscal quarter ended June 30 will be twice what was previously expected. That led the stock to rocket 22.5% higher, as of 10:35 a.m. ET.
Details
If investors think they missed the gains, there are other ways to play it, too.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.