Key Takeaways Supermicro shares jumped 12% on Wednesday after the server maker submitted its delayed financial reports just ahead of a deadline yesterday to avoid being delisted by the Nasdaq. While the stock had logged four consecutive losing trading sessions leading into the filing deadline,

Super Micro shares jumped in extended trading after reporting its financials for the latest fiscal year. The stock slid during regular market hours as the Nasdaq's reporting deadline approached. Super Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq's listing deadline.

Super Micro CEO Charles Liang told investors that he was "confident" that the company could file those reports by Feb. 25, a deadline set by Nasdaq. The company could also ask for another extension of up to 180 days.