Where Will Super Micro Computer Stock Be in 1 Year?
With shares down nearly 40% over the last 30 days alone, Super Micro Computer's (NASDAQ: SMCI) rocket-ship rally is imploding. Shares now trade at a level unseen since late January, undoing almost seven months of gains in the blink of an eye. The company is reeling after weaker-than-expected profitability. Let's explore what the next year could have in store.
A great company doesn't always make a good investment because its valuation may price in unrealistic future expectations. This was one of the challenges Supermicro faced in its fourth-quarter earnings.
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Source Fool.com
