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) is set to release its quarterly earnings report on October 9, 2023. Analysts estimate an EPS of $-0.02. The company's past performance shows a trend of beating EPS estimates and subsequent increases in share price. The stock is currently trading at $5.2 and has seen a 223.12% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:00 pm

Applied Digital Corporation (NASDAQ:APLD) is expected to report a narrower Q1 loss of 2 cents per share, compared to a year-ago loss of 5 cents per share. The company's revenue is projected to be $35.16 million, a significant increase from $6.64 million in the year-ago period. Several analysts have maintained a 'Buy' rating on the company, with price targets ranging from $12 to $17.5.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:32 pm

Crypto-related stocks, including BITF, CIFR, CLSK, and HUT, are trading lower due to a pullback in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 5:16 pm

Roth MKM analyst Darren Aftahi has initiated coverage on Applied Digital (NASDAQ:APLD) with a Buy rating and a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:28 am

Several US stocks traded higher on Friday, with notable gains recorded by Lifezone Metals Limited, Cheche Group Inc., Anterix Inc., Canopy Growth Corporation, Amprius Technologies, Inc., Kingsoft Cloud Holdings Limited, indie Semiconductor, Inc., UP Fintech Holding Limited, Alector, Inc., Beneficient, Standard Lithium Ltd., Alibaba Group Holding Limited, and Applied Digital Corporation. Factors contributing to the gains include business combinations, successful collaborations, share repurchase programs, stock offerings, and upcoming stock exchange debuts.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 2:46 pm

HC Wainwright & Co. analyst Kevin Dede has reiterated a 'Buy' rating on Applied Digital (NASDAQ:APLD) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:08 am

Analysts have provided bullish ratings for Applied Digital (NASDAQ:APLD) in the last quarter, with 7 positive ratings. The average 12-month price target for the company has increased by 12.12% from the previous average price target of $13.70 to $15.36.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:00 pm

B. Riley Securities analyst Lucas Pipes has maintained a 'Buy' rating on Applied Digital (NASDAQ:APLD) but lowered the price target from $18 to $16.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:17 pm

Applied Digital (APLD) has seen a significant number of call options, specifically for the Sep 15 $6 Calls Sweep, being bought near the ask price. A total of 2515 contracts were purchased at $0.151 each, compared to an open interest of 430. The company is expected to release its earnings report on October 10, after market close. The reference price is $5.225.

Portfolio Pulse from Charles Gross

September 07, 2023 | 2:14 pm

Shares of several tech companies are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:29 pm

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