Why Super Micro Computer Stock Is Soaring Again This Week
Super Micro Computer (NASDAQ: SMCI) stock has continued to post big gains this week. The company's share price was up 12.3% from last week's market close before the market opened this Friday, according to data from S&P Global Market Intelligence.
On the heels of the explosive upward quarterly guidance revisions it issued last week, Super Micro Computer's bullish momentum has continued in this week's trading. The company's share price has also gotten a lift from ASML's better-than-expected fourth-quarter report.
Last Friday, Super Micro Computer updated its guidance for the second quarter of its current fiscal year, which ended Dec. 31. The table below compares the company's previous targets to the new guidance ranges that it issued last week.
Source Fool.com
