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Super Micro Shares Pop 30% After Company Names New Auditor

  • Super Micro Computer shares surged more than 30% after naming BDO as its new auditor and submitting a compliance plan to Nasdaq.
  • The stock has climbed more than 50% in the past two trading days, but has lost 75% of its value since its peak in March.
  • Super Micro is late in filing its year-end report and is looking for a new accountant after Ernst & Young stepped down in October.
  • Super Micro believes it will be able to file the required reports and will remain listed on Nasdaq pending the exchange's review.

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