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

Needham analyst John Todaro has reiterated a 'Buy' rating on Applied Digital (NASDAQ:APLD) and maintained a price target of $17.5.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:20 am

Applied Digital Corp (NASDAQ:APLD) reported Q1 FY24 results with revenue of $36.3 million, up 425% Y/Y, beating the consensus of $34.6 million. The company also reaffirmed its FY24 guidance. Despite the positive results, APLD shares are trading lower by around 9%.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 2:17 pm

In Monday's pre-market session, several information technology stocks showed significant movement. Maris Tech, Duos Technologies Group, Sono-Tek, Applied Digital, EMCORE, and Mobilicom saw gains, while Socket Mobile, Alarum Technologies, Cyngn, Datasea, Ondas Holdings, and PowerFleet experienced losses. Applied Digital's Q1 earnings were also released.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 1:06 pm

Applied Digital Corporation (APLD) reported better-than-expected Q3 results, leading to a premarket stock rise. Conifer Holdings (CNFR) announced that James Petcoff will step down as Chairman and Co-CEO, with Nick Petcoff becoming sole CEO from Dec. 31, 2023. Saratoga Investment Corp. (SAR) is expected to report earnings of $1.08 per share on revenue of $35.36 million for the latest quarter. Niu Technologies (NIU) reported Q3 sales volume of 265,923 units. Fujian Blue Hat Interactive Entertainment Technology (BHAT) filed for a mixed shelf of up to $150 million.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 1:05 pm

Applied Digital reported better-than-expected Q1 financial results and reaffirmed its guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:44 pm

The CNN Money Fear and Greed index moved from 'Extreme Fear' to 'Fear' following the release of recent jobs data. U.S. stocks settled higher on Friday, with the S&P 500 closing the week higher by around 0.48%, while the Dow Jones closed down 0.30% last week. Levi Strauss & Co (NYSE:LEVI) shares fell 0.8% on Friday following third-quarter results, while Pioneer Natural Resources Company (NYSE:PXD) shares jumped more than 10% following a report suggesting Exxon Mobil Corporation (NYSE:XOM) is nearing a $60 billion deal to buy the company. Investors are awaiting earnings results from Saratoga Investment Corp. (NYSE:SAR) and Applied Digital Corporation (NASDAQ:APLD) on Monday.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:31 pm

Applied Digital reported its Q1 adjusted earnings per share (EPS) to be less than $0.01.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 12:15 pm

Applied Digital has reaffirmed its total revenue guidance range for FY24 to be between $385M and $405M.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 12:02 pm

Applied Digital (NASDAQ:APLD) reported Q1 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.02) by 150 percent. This is a 125 percent increase over losses of $(0.04) per share from the same period last year. The company also reported quarterly sales of $36.30 million, beating the analyst consensus estimate of $34.58 million by 4.97 percent. This is a 424.26 percent increase over sales of $6.92 million the same period last year.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 12:02 pm

Applied Digital (NASDAQ:APLD) and Saratoga Investment (NYSE:SAR) are scheduled to report their quarterly earnings on October 9, 2023. APLD is expected to report a quarterly loss of $0.02 per share on revenue of $34.58 million. SAR is projected to report quarterly earnings of $1.08 per share on revenue of $35.36 million.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 9:57 am

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