Super Micro Computer Stock Is Jumping Again Today -- Is It a Buy?
Super Micro Computer (NASDAQ: SMCI) stock posted significant gains again in Tuesday's trading. The company's share ended the daily session up 3.5%, according to data from S&P Global Market Intelligence.
After the market closed yesterday, Super Micro Computer published results for its fiscal second quarter -- which ended Dec. 31. The company posted sales and earnings performance that came in ahead of the market's expectations, and it also issued encouraging forward guidance.
When Super Micro published upward guidance revisions for the second quarter on Jan. 18, it spurred massive gains for the stock. Notably, the company's actual performance for the period came in even better than the high end of its updated targets.
Source Fool.com
