Streetbeat News

IONQ

IonQ, Inc.

https://www.ionq.com

Industry

Computer Hardware

IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.

Open

21.69

Mkt cap

5.3B

Volume

64M

High

25.68

P/E Ratio

-30.23

52-wk high

25.68

Low

21.31

Div yield

N/A

52-wk low

6.22

Benzinga's options activity scanner has identified significant options activity in the Information Technology sector. Notable trades include bearish call options for MSFT, CSCO, U, IONQ, and PRGS, bullish put options for AMD and AAPL, and neutral call options for SMCI and NVDA. The trades vary in expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:35 pm

Several US stocks traded lower on Thursday, with AMC Entertainment Holdings, Petco Health and Wellness Company, Spirit AeroSystems Holdings, Opera Limited, C3.ai, IonQ, Fulcrum Therapeutics, Zuora, Dollar Tree, Bitfarms, TuSimple Holdings, Tilray Brands, Canoo, Burlington Stores, Applied Optoelectronics, Nikola Corporation, Roku, Lavoro Limited, Snowflake, and Marvell Technology all recording losses. Factors contributing to the decline include mixed quarterly results, lowered sales guidance, and quality issues.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 3:18 pm

Shares of companies in the technology sector are trading higher in anticipation of NVIDIA's earnings report. The sector has been gaining attention due to increased interest in AI this year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:23 pm

Benzinga's options activity scanner has identified significant options activity in the Information Technology sector. Notable trades include bullish call option sweeps for AAPL, NNDM, and ORCL, neutral call option trades for NVDA, SPLK, and AMD, a bullish put option sweep for PLTR, and bearish put option trades for CSCO and SMCI. A bearish call option sweep was also observed for IONQ.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 5:35 pm

IonQ Inc (NYSE:IONQ) has received positive reviews from analysts following a solid quarterly performance, with raised bookings guidance and an accelerating interest in hardware. The company anticipates a number of new machines to be purchased over the next 18 months. Analysts from Benchmark, Goldman Sachs, and Morgan Stanley have all maintained their ratings and raised their price targets for the company. Despite this, IONQ shares traded lower by 5.86% at $14.80 on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 6:38 pm

Benzinga's options activity scanner has detected unusual options activity in the Information Technology sector. Notable trades include bullish call options for NVDA, MSFT, AAPL, DOCU, MNDY, and IONQ, bearish put options for MU and PLTR, and a neutral call option for AMD. These trades could indicate the sentiment of large investors or 'whales' and may impact the short-term price of these stocks.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:35 pm

Over the past 3 months, 7 analysts have published their opinion on IonQ (NYSE:IONQ) stock. The majority of these ratings are bullish, with an average price target of $16.71, a significant increase from the previous average price target of $10.43.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:00 pm

IonQ, Inc. reported Q2 revenue of $5.5 million, a 111% YoY increase, beating the consensus estimate of $4.35 million. However, the company reported a quarterly loss of 22 cents per share, missing analyst estimates for a loss of 13 cents per share. IonQ raised its full-year revenue outlook to $18.9 million to $19.3 million. Following the earnings announcement, Goldman Sachs, Benchmark, and Morgan Stanley increased their price targets on IonQ.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 1:02 pm

Morgan Stanley analyst Scott Fessler maintains an Equal-Weight rating on IonQ (NYSE:IONQ) and raises the price target from $7 to $16.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:57 pm

Benchmark analyst David Williams maintains a Buy rating on IonQ (NYSE:IONQ) and raises the price target from $17 to $20.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 12:27 pm

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