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

7.01

Mkt cap

1.6B

Volume

22M

High

7.57

P/E Ratio

-5.88

52-wk high

9.48

Low

6.90

Div yield

N/A

52-wk low

2.36

During Monday's intraday session, several IT stocks experienced significant movement. Gainers included Applied Digital (APLD), SemiLEDs (LEDS), Sigmatron International (SGMA), Stronghold Digital Mining (SDIG), MicroCloud Hologram (HOLO), and Castellum (CTM). Losers included Cemtrex (CETXP), Inseego (INSG), Phunware (PHUN), SMX (Security Matters) (SMX), Actelis Networks (ASNS), and Gorilla Tech Gr (GRRR).

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:30 pm

US stocks traded higher with the S&P 500 gaining around 0.5%. Energy shares climbed by 2% while health care shares fell by 0.2%. Tupperware Brands Corporation (TUP), AMC Entertainment Holdings (AMC), and Applied Digital Corporation (APLD) saw significant gains. AppHarvest (APPH), Kodiak Sciences Inc. (KOD), and 22nd Century Group (XXII) experienced significant losses. The S&P Global composite PMI fell to 52.0 in July from 53.2 the prior month.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 4:43 pm

Several US stocks traded higher on Monday, with AMC Entertainment, Applied Digital, POSCO Holdings, HighPeak Energy, Janux Therapeutics, NIO, Bilibili, Kanzhun Limited, WW International, XPeng, MINISO Group, Metropolitan Bank Holding, iQIYI, CAVA Group, IMAX Corporation, Becton, Dickinson and Company, Tellurian, and Vipshop Holdings all recording gains. Notable reasons for the increases include AMC's denial to convert preferred equity units into common stock, Applied Digital's better-than-expected Q4 results, POSCO's strong quarterly earnings, and China's pledge to optimize the business environment for private enterprises.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 3:49 pm

Applied Digital Corp (APLD) reported Q4 FY23 revenue of $22 million, up 193% Y/Y, but missed the consensus of $29.57 million. The company launched an AI cloud service and acquired its first and second AI customers. For FY 2024, the company expects revenue within $385 million – $405 million and adjusted EBITDA of $195 million – $205 million. APLD shares are trading higher by 20.3% at $9.29.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 2:55 pm

Applied Digital (APLD) has an option alert for January 19 $14 calls at the ask price of $2.0. This is against an open interest of 159, with the reference price at $9.46.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:47 pm

Applied Digital Corporation reported better-than-expected Q4 adjusted EPS results and issued FY24 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 2:31 pm

Applied Digital Corporation (NASDAQ:APLD) reported Q4 and full year 2023 financial results, missing revenue estimates but beating EPS estimates. The company reported Q4 revenue of $22 million, missing the analyst consensus estimate of $29.57 million by 25.60 percent, but marking a 192.44% increase over the same period last year. The company also reported a Q4 adjusted loss per share of less than $0.01, beating the analyst consensus estimate of $(0.04) by 75%. Shares of APLD are trading higher on above-average volume.

Portfolio Pulse from Erica Kollmann

July 24, 2023 | 2:12 pm

Applied Digital has projected its FY24 revenue to be between $385M and $405M, which is significantly higher than the estimated $308.8M.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:03 pm

Applied Digital (NASDAQ:APLD) reported Q4 adjusted EPS of $(0.01), beating the estimate of $(0.04) by 75%. However, the company's sales of $22.00M missed the estimate of $29.57M by 25.60%. Despite the sales miss, this represents a 192.44% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:01 pm

Applied Digital (NASDAQ:APLD) is set to release its latest quarterly earnings report on Monday, 2023-07-24. Analysts estimate an earnings per share (EPS) of $-0.04. The company's past performance shows a trend of beating EPS estimates. The stock price has seen a 293.56% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 4:02 pm

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