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

IonQ has announced a breakthrough in partial error correction for quantum computing, which enhances the efficiency of running large applications on near-term quantum systems.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:20 pm

IonQ shares are trading higher after the company announced it won a contract to design a networked quantum computing system for the Department of Defense and U.S. Intelligence Community.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:51 pm

IonQ has secured a $5.7 million contract with ARLIS to design a multi-node blind quantum computing system. This project extends IonQ's work with the federal government on quantum initiatives and includes future phases for construction, delivery, and maintenance. ARLIS will also research the cybersecurity of multi-party quantum computation.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:01 pm

Shares of companies within the broader tech sector are trading lower amid overall market weakness, potentially due to ongoing outages.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:11 pm

IonQ (NYSE:IONQ) and South Carolina Quantum (SCQ) have launched a Faculty & Researcher Learning Series to introduce quantum technologies to academia. Clemson University will be the first to integrate this series, offering free sessions to faculty and researchers.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:05 pm

IonQ (NYSE: IONQ) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has increased by 26% to $16.38. Analysts from Needham and Goldman Sachs have maintained or adjusted their ratings, reflecting their views on IonQ's market position and financial performance.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 1:01 pm

Needham analyst Quinn Bolton has reiterated a Buy rating on IonQ (NYSE:IONQ) and maintained a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:34 am

Needham analyst Quinn Bolton reiterated a Buy rating on IonQ (NYSE:IONQ) and maintained an $18 price target.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:12 pm

IonQ shares surged following the announcement of better-than-expected Q1 earnings, indicating a positive financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:38 pm

IonQ Inc (NYSE:IONQ) reported a 77% increase in Q1 revenue year-over-year to $7.582 million, surpassing the consensus estimate of $7.075 million. The company also reported a smaller-than-expected quarterly loss of 19 cents per share, beating analyst estimates for a loss of 24 cents per share. With $300,000 in new bookings and ending the quarter with $434.4 million in cash, equivalents, and investments, IonQ raised its full-year 2024 revenue and bookings guidance. The company's shares were up 3.2% after hours at $9.04.

Portfolio Pulse from Adam Eckert

May 08, 2024 | 8:50 pm

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