US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) has dropped nearly 10% and has plunged over 80% from its year-to-date high.

On Monday, Super Micro Computer, Inc. (SMCI.US) weakened again, dropping over 80% from its year-to-date high. As of the time of writing, it fell nearly 10% to $22.13. On the news front, the company has recently been plagued by negative news, with sales guidance falling short of expectations and uncertainty over when the official financial statements for the previous fiscal year will be released. For the first fiscal quarter ending on September 30th, the company expects adjusted earnings per share to be between $0.75 and $0.76, with revenue between $5.9 billion and $6 billion, lower than the previous guidance of $6 billion to $7 billion, but still a 181% increase from the same period last year. Analysts had previously estimated earnings per share of $0.74 and revenue of $6.79 billion. In addition, Wedbush released a research report stating that Super Micro Computer, Inc. is facing increasing challenges in the future, including whether it can avoid delisting from Nasdaq in the coming weeks.