Supermicro didn’t provide positive preannouncement, says Wells Fargo
The Fly

Supermicro didn’t provide positive preannouncement, says Wells Fargo

Supermicro announced its Q3 earnings release date will be April 30 and did not provide a positive preannouncement, which is being viewed as a negative, Wells Fargo tells investors in a research note. Supermicro has preannounced its revenue range in seven out of the past eight quarters, the firm notes. Wells made no change to its Equal Weight rating or $960 price target.

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