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 projects its Q1 2024 revenue to be between $6.5M and $7.5M, which is in line with the estimated $6.643M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:47 pm

IonQ projects its FY24 revenue to be in the range of $37M-$41M, which is around the analyst estimate of $38.890M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:47 pm

IonQ Inc (NYSE:IONQ) reported Q4 earnings with revenue of $6.11 million, surpassing the consensus estimate of $5.76 million but missed EPS estimates with a loss of 20 cents per share. The company announced $6.7 million in new bookings and ended the quarter with $455.9 million in cash and investments. IonQ anticipates Q1 revenue between $6.5 million to $7.5 million and full-year 2024 revenue between $37 million to $41 million, with bookings expected between $70 million to $90 million. The company also expects a full-year adjusted EBITDA loss of approximately $110.5 million. IonQ's stock rose 10.5% after hours to $12.39.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 9:45 pm

In Wednesday's after-market session, notable movements were observed in the Information Technology sector. Okta, C3.ai, IonQ, and Pure Storage reported positive earnings, leading to stock gains. Conversely, Snowflake, DoubleVerify Holdings, and Salesforce reported earnings that led to stock declines. Other companies like Castellum, HeartCore Enterprises, Mobix Labs, BIT Mining, and HP also saw movements without specific earnings impact mentioned.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 9:30 pm

IonQ shares are trading higher following the announcement of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:30 pm

IonQ (NYSE:IONQ) reported its Q4 earnings, missing estimated earnings by 0.0% with an EPS of $-0.2, matching the estimate. Revenue increased by $2.30 million from the previous year. The company had previously missed EPS estimates in Q3 2023, leading to a 2.0% drop in share price the following day. IonQ's revenue has consistently exceeded estimates over the past four quarters.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 9:20 pm

IonQ reported Q4 2023 earnings with a GAAP EPS of $(0.20), missing the $(0.19) estimate, but sales of $6.11M exceeded the $5.76M estimate, marking a 60.39% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:17 pm

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

IonQ has announced the opening of a new quantum computing manufacturing facility in Bothell, Washington, and the expansion of its Seattle facilities from 65,000 square feet to 105,000 square feet.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:43 pm

Shares of several tech companies are down due to rising Treasury yields, triggered by a higher-than-expected U.S. January inflation data increase.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:32 pm

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