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

The University of Maryland and IonQ have signed a $9 million agreement to expand their partnership, enhancing quantum computing access at the National Quantum Lab at Maryland. This move strengthens Maryland's leadership in quantum computing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:09 pm

IonQ and the University of Maryland have expanded their partnership with a $9 million investment to advance quantum innovation. This collaboration will provide UMD students and researchers access to IonQ's trapped ion quantum computers at the National Quantum Lab.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:05 pm

Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

Analysts' ratings for IonQ (NYSE:IONQ) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 20.28% to $13.25. Key analysts have lowered their price targets, reflecting a cautious outlook on the company's future performance. IonQ has shown significant revenue growth but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:01 pm

Benchmark analyst David Williams maintains a Buy rating on IonQ (NYSE:IONQ) but lowers the price target from $16 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:56 pm

Goldman Sachs analyst Toshiya Hari maintains a Neutral rating on IonQ (NYSE:IONQ) but lowers the price target from $11.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:44 pm

Craig-Hallum analyst Richard Shannon maintains a Buy rating on IonQ (NYSE:IONQ) but lowers the price target from $21 to $15.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:00 pm

IonQ has provided its revenue guidance for FY24, projecting between $38 million and $42 million, compared to the market estimate of $39.4 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:32 pm

IonQ (NYSE:IONQ) reported Q2 2024 GAAP EPS of $(0.18), beating the $(0.21) estimate, and sales of $11.381M, surpassing the $8.657M estimate. This represents an 18.18% improvement in EPS and a 106.36% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:47 pm

IonQ Inc (NYSE:IONQ) reported a significant increase in Q2 revenue, up 106% year-over-year to $11.4 million, despite a quarterly loss of $37.6 million. The company achieved $9 million in new bookings and demonstrated a two-qubit native gate fidelity of 99.9%. IonQ raised its full-year 2024 revenue guidance to $38 million to $42 million. Shares rose 4.41% after-hours.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 8:44 pm

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