Streetbeat News

APLD

Applied Digital Corporation

https://www.applieddigital.com

Industry

Financial - Capital Markets

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation was incorporated in 2001 and is based in Dallas, Texas.

Open

7.81

Mkt cap

1.6B

Volume

8.5M

High

7.98

P/E Ratio

-6.15

52-wk high

9.48

Low

7.37

Div yield

N/A

52-wk low

2.36

Applied Digital (NASDAQ: APLD) reported Q2 2024 adjusted EPS of $(0.05), missing the $0.01 estimate, and sales of $42.20M, falling short of the $57.31M estimate. Despite the miss, sales grew 241.98% from $12.34M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:02 pm

In Tuesday's pre-market session, several stocks are moving higher despite lower U.S. stock futures, with Nasdaq futures down about 100 points. MorphoSys AG (MOR) shares jumped 18.8%, ESSA Pharma Inc. (EPIX) gained 10.6% after a 17% surge on Friday, Digital World Acquisition Corp. (DWAC) increased by 8.3%, ZIM Integrated Shipping Services Ltd. (ZIM) climbed 5.7%, Nomura Holdings, Inc. (NMR) rose by 5.3%, Tilray Brands, Inc. (TLRY) went up by 4.8%, and Applied Digital Corporation (APLD) gained 3.7% ahead of its quarterly earnings release.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 10:53 am

Applied Digital (NASDAQ:APLD) is scheduled to release its quarterly earnings report on Tuesday, 2024-01-16, with analysts expecting an EPS of $0.01. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Applied Digital has seen significant share price increases following earnings beats, with the last quarter resulting in a 12.58% rise after surpassing EPS estimates by $0.02.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:02 pm

Applied Digital Corporation (NASDAQ:APLD) has entered into a long-term Retail Electric Service Agreement with TerraForm Power for a 200-MW datacenter in Garden City, Texas. The datacenter will interconnect with TerraForm's Wind Farm, facilitating low-cost power and alleviating transmission congestion. This partnership highlights Applied Digital's industry-leading digital infrastructure platform and TerraForm Power's commitment to providing energy solutions.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:18 pm

Torrid Holdings Inc. reported better-than-expected Q3 results and raised FY23 guidance, causing its shares to jump 22.3%. MBIA Inc. declared an $8.00 per share extraordinary dividend, leading to a 63.8% share increase. Other stocks like ALX Oncology, Virco Mfg., and Bitfarms also saw significant gains after positive upgrades, earnings reports, and corporate actions.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 3:40 pm

In Tuesday's intraday session, several IT stocks experienced significant movements. Airgain, Cyngn, Alpha Technology Group, Peraso, Consensus Cloud Solutions, and Tingo Group saw their shares rise, with recent Q3 earnings reports influencing some of these gains. Conversely, Vuzix, Applied Digital, WeTrade Group, Intrusion, N-able, and Baijiayun Group faced declines, with some also recently reporting Q3 earnings. Market caps and trading volumes varied, with some stocks experiencing substantial increases in trading activity.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:31 pm

In Monday's intraday session, several IT stocks experienced significant movements. Cyngn, Airgain, Alpha Technology Group, Consensus Cloud Solutions, Arqit Quantum, and Ondas Holdings saw their shares rise, with reported increases ranging from 12.48% to 19.8%. On the other hand, Applied Digital, Vuzix, WeTrade Group, Intrusion, N-able, and Greenidge Generation Holdings faced declines between 10.64% and 22.1%. The movements were largely attributed to recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

Shares of companies in the broader tech sector are trading lower due to a rise in Treasury yields. Several tech companies including AKTS, APLD, ARBB, ASNS, AUR, BB, BILL, BKYI, BLND, BRQS, DOCN, EPAM, ERIC, FCUV, HUBS, INDI, IOT, JG, LUNA, MARA, MRVL, NET, NICE, NOW, ONDS, PCOR, PLTR, PSTG, RIOT, SEDG, SHOP, SLNH, SMCI, SNOW, TWLO, U are potentially affected.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:54 pm

Applied Digital (NASDAQ:APLD) has received 8 bullish analyst ratings in the last quarter, with an average 12-month price target of $14.62. The price target has increased by 2.02% over the past month.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:00 pm

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