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

Applied Digital Corp (NASDAQ:APLD) reported better-than-expected Q1 results with a loss of 15 cents per share and revenue of $60.7 million. The company highlighted a $160 million private placement involving Nvidia, boosting its balance sheet. Despite positive results, shares dipped 5.73% during regular trading but rose 3.66% after-hours.

Portfolio Pulse from Erica Kollmann

October 09, 2024 | 8:38 pm

Applied Digital (NASDAQ:APLD) reported better-than-expected Q1 2025 results with an adjusted EPS of $(0.15), beating the estimate of $(0.29), and sales of $60.70M, surpassing the $54.85M estimate. Sales increased by 67.12% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:06 pm

The article highlights unusual options activity in the Information Technology sector, focusing on trades involving companies like NVDA, MSFT, AVGO, AMD, MSTR, AAPL, WULF, APLD, TWLO, and MARA. These trades, tracked by Benzinga's options activity scanner, indicate potential trading opportunities based on the sentiment and volume of options contracts.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 5:35 pm

US stock futures indicate a marginally lower opening, with Nvidia gaining in premarket trading. Traders are focused on the Federal Reserve's meeting minutes and upcoming economic data. Nvidia's rise is attributed to positive demand commentary for its chips. The bull market is nearing its second anniversary, with expectations of continued gains.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 11:29 am

Applied Digital Corporation (NASDAQ:APLD) is set to release its Q1 earnings, with analysts expecting a loss of 29 cents per share. The company recently secured $160 million in private placement financing, involving investors like NVIDIA. Analysts have varied price targets for APLD, ranging from $5 to $11, with most maintaining a Buy rating.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 2:08 pm

Applied Digital (NASDAQ:APLD) is set to release its quarterly earnings report on October 9, 2024. Analysts estimate an EPS of $-0.29. The company previously missed EPS estimates, causing a significant drop in share price. Despite a positive 52-week performance, Applied Digital faces challenges with negative revenue growth, gross profit, and return on equity. Analysts maintain a 'Buy' rating with a price target of $9.75, suggesting a potential upside.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 2:00 pm

The article highlights the top 20 most-searched stocks on Benzinga Pro for September 2024, with Nvidia, SPDR S&P 500 ETF Trust, and Tesla leading the list. Newcomers to the top 10 include Wheeler Real Estate, Galmed, Intel, and Intuitive Machines, driven by recent catalysts. The list also features several penny stocks and notable names like Trump Media & Technology Group.

Portfolio Pulse from Chris Katje

October 02, 2024 | 8:18 pm

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Several major stocks, including Stellantis, MicroStrategy, and Bit Digital, are experiencing declines in Monday's pre-market session. Stellantis shares fell sharply after lowering its 2024 operating margin guidance. Other stocks like Bitdeer Technologies, Corvus Pharmaceuticals, and Venus Concept also saw significant pre-market losses.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:30 pm

Nio Inc. shares surged 12.7% in pre-market trading after announcing a significant investment in its subsidiary, Nio China. Other stocks also showed notable pre-market movements, with Zhongchao Inc. leading the gainers and Ensysce Biosciences among the losers.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 9:36 am

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