Applied Digital Reaffirms FY24 Total Revenue Guidance Range Of $385M-$405M
Portfolio Pulse from Bill Haddad
Applied Digital has reaffirmed its total revenue guidance range for FY24 to be between $385M and $405M.
October 09, 2023 | 12:02 pm
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POSITIVE IMPACT
Applied Digital's reaffirmation of its FY24 revenue guidance range could instill confidence in investors, potentially impacting the stock positively.
Reaffirming revenue guidance is generally seen as a positive sign by investors as it indicates that the company is confident in its ability to meet its financial targets. This could lead to increased investor confidence in APLD, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100