Super Micro was hit with short seller report this year has delayed filing its financial statement for 2024 and under federal investigation. Young and Ernst resigned as Super Micro auditor past week after raising concerns over company internal controls, board independence and accounting practices. Super Micro makes computers that companies use as servers for websites, data
CrowdStrike, GoDaddy, KKR to join benchmark S&P 500 : crwd ir : kkr stock : godaddy stock : dollar tree stock:crwd earning reports: s&p credit rating lists : s&p inclusion dates The S&P Dow Jones Indices said on Friday that private equity firm KKR & Co cybersecurity company crowdstrike and internet servies provider GoDaddy will join benchmark S&P 500 before markets open on June 24. Shares of CrowdStrke climb 6% in trading KKR and GoDaddy spiked 9% and 3.6% respectively.
Tech Stock That Underdeliver: 3 Names to Avoid :texas stock exchange: roaring kitty livestream: gamestop stocks: stock market today india These struggling tech stocks are not as flashy as they once were. These companies continue to let down under delivering, overpromising in tech sector. Palo Alto Networks PANW The cybersecurity firms earning continue to disappoint. Intel INTC The company pivot to become microchip foundry is not going as planned. Roblox RBLX The online video game platform growth is stalling. The main reason tech stocks are in red while rest of market is in green is that companies behind securities have failed to deliver on promises they made. Results have missed targets forward guidance has been lowered and new products have not materialized when expected. To avoid falling victim to tech stocks, investors should take good look at each companies on list. Company heading in future can prevent costly investment mistakes in high volatile market segment. Roblox RBLX The company behind popular online video game platform posted a Q1 loss of 43 cents which beat a loss of 53 cents expected on Wall Street. Revenue totaled $923.8 million up 19% from year earlier and analyst estimates of $919 million. Roblox said it expect revenue of $870 million to $900 million in second quarter analyst call for $929 million.