Super Micro (NASDAQ:SMCI) reported better-than-expected earnings and strong guidance. Analysts raised price targets, stock up 9.2% in pre-market.

There are signs that the Super Micro Computer stock is tradinf at a bargain price ahead of its earnings report later this week.

Super Micro Computer Inc. (NASDAQ: SMCI) stock gains on Monday ahead of Q4 earnings, supported by 15%-17% preliminary gross margins and a $60 billion order update.