Super Micro Raises Fiscal First-Quarter Sales Forecast to $18.5B-$19.5B
Super Micro Computer raised its revenue forecast for the fiscal first quarter ended in September to $18.5 billion-$19.5 billion. Shares rose more than 7% early Wednesday.
Super Micro Computer NASDAQ:SMCI shares jumped more than 7% early Wednesday as the company revised its September-quarter forecast. The new sales range exceeds its earlier outlook and analysts' projections.Revenue is forecast at $18.5 billion to $19.5 billion for the fiscal first quarter ended Sept…