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 Corporation (APLD) has announced a collaboration with Hewlett Packard Enterprise (HPE) to deliver AI cloud services. HPE will provide its supercomputers to support large-scale AI through Applied Digital's AI cloud service. Applied Digital will use HPE Cray XD supercomputers to enhance its AI Cloud service and support critical workloads such as AI, machine learning, and HPC tasks. The partnership comes as Applied Digital continues to expand its capacity pipeline for its HPC data centers.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:04 pm

During Thursday's intraday session, several information technology stocks experienced significant movement. Arlo Technologies (ARLO), Nano Dimension (NNDM), AuthID (AUID), Inseego (INSG), Microvision (MVIS), and Applied Digital (APLD) saw their shares increase by 13.8%, 13.48%, 10.94%, 10.48%, 10.29%, and 9.5% respectively. On the other hand, GSI Technology (GSIT), XIAO-I (AIXI), Rackspace Tech (RXT), Infobird Co (IFBD), and ChipMOS TECHNOLOGIES (IMOS) saw their stocks fall by 18.8%, 11.77%, 10.24%, 9.22%, and 8.48% respectively.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 5:38 pm

B. Riley Securities analyst Lucas Pipes maintains a 'Buy' rating on Applied Digital (NASDAQ:APLD) and raises the price target from $17 to $18.

Portfolio Pulse from richadhand@benzinga.com

June 28, 2023 | 1:45 pm

Several stocks experienced significant movement in Tuesday's mid-day session. Notable gainers included Tivic Health Systems, Black Diamond Therapeutics, and Centogene, which saw increases due to distribution agreements, promising clinical data, and joint ventures respectively. On the other hand, Adicet Bio, Siyata Mobile, and Lordstown Motors Corp were among the biggest losers, with drops due to disappointing clinical data, share offerings, and bankruptcy filings respectively. Walgreens Boots Alliance also saw a decrease after lowering its FY23 guidance.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 5:56 pm

During Tuesday's intraday session, several information technology stocks experienced significant movement. IronNet (IRNT), Pagaya Techs (PGY), D-Wave Quantum (QBTS), Unity Software (U), Kaleyra (KLR), and Ascent Solar Technologies (ASTI) saw their stocks rise, with increases ranging from 12.25% to 19.0%. On the other hand, Applied Digital (APLD), CalAmp (CAMP), Tempo Automation Holdings (TMPO), WiSA Technologies (WISA), and Airspan Networks Hldgs (MIMO) experienced decreases in their stock prices, with declines ranging from 7.54% to 13.9%.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:37 pm

Applied Digital Corporation has issued Q4 revenue guidance below estimates, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 4:44 pm

Several stocks recorded losses in today's pre-market trading session, including Adicet Bio, Applied Digital, Cool Company, Chijet Motor, Shengfeng Development, MoonLake Immunotherapeutics, and American Lithium. Factors include trial data, downgrades, revenue and loss forecasts, and public offerings.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 10:25 am

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

Portfolio Pulse from richadhand@benzinga.com

June 27, 2023 | 10:08 am

Applied Digital (APLD) expects Q4 revenue of approximately $22 million, a net loss of around $6.8 million, and adjusted EBITDA between $2.7 million and $3.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:18 pm

Benzinga's options activity scanner has detected whale activity in 10 information technology stocks, including PLTR, AAPL, AMD, NVDA, ORCL, AI, MSFT, RIOT, INTU, and APLD. The scanner tracks large transactions and helps traders discover potential trading opportunities.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 5:41 pm

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