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 Inc (NYSE:IONQ) announced it achieved a technical milestone of 35 algorithmic qubits with its IonQ Forte system a year ahead of schedule, which is expected to enhance its quantum computing capabilities. The company's stock rose following the announcement. IonQ's systems aim to tackle quantum applications in machine learning and chemistry, and some organizations, including QuantumBasel, have already purchased the system.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 2:16 pm

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He praised Equitrans Midstream Corporation (ETRN) for its solid growth and yield. He was skeptical about IonQ, Inc. (IONQ), advising against it. Cramer encouraged staying invested in BorgWarner Inc. (BWA) despite recent declines. He suggested that the opportunity with Longboard Pharmaceuticals, Inc. (LBPH) might have passed after a parabolic move. Cramer showed interest in Jabil Inc. (JBL) after a poor quarter didn't affect its stock price negatively. Lastly, he was not optimistic about LendingTree, Inc. (TREE), doubting its potential for growth.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 2:05 pm

Today's whale alerts indicate significant options activity for several IT stocks. Notable trades include bearish call sweeps for NVDA and SNOW, bullish put sweeps for CLSK and TSM, and various bullish and neutral call trades for MSTR, ORCL, AAPL, IONQ, and LRCX. PANW saw bearish put trades. These activities suggest that large investors are making strategic bets on these companies' future stock movements.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 5:35 pm

Broader technology stocks are experiencing a downturn as investors potentially engage in profit-taking after a recent market rally.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:36 pm

IonQ Inc reported Q3 financial results, with revenue increasing 122% YoY to $6.1 million, beating the consensus estimate of $5 million. However, the company reported a net loss of 22 cents per share, missing estimates for a loss of 18 cents per share. IonQ also reported $26.3 million in new bookings for Q3, bringing YTD bookings to $58.4 million. The company raised its full-year 2023 revenue outlook to a new range of $21.2 million to $22 million and lifted its bookings outlook for the full year to a range of $60 million to $63 million.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 4:13 pm

IonQ reported mixed Q3 financial results, but issued Q4 revenue guidance above estimates and increased FY23 revenue and booking expectations guidance. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:12 pm

IonQ has increased its Q4 revenue forecast to $5.3M-$6.1M, higher than the estimated $4.37M. The company also raised its FY23 revenue outlook to $21.2M-$22M, surpassing the $19.14M estimate. Furthermore, IonQ has increased its bookings expectation for 2023 to between $60M-$63M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:10 pm

IonQ reported Q3 2023 GAAP EPS of $(0.22), missing the estimate of $(0.18) by 22.22%. This is a decrease of 83.33% from the same period last year. However, the company's quarterly sales of $6.14M beat the estimate of $5.00M by 22.72%, marking a 122.08% increase from the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 08, 2023 | 9:51 pm

IonQ Inc reported Q3 earnings with a 122% YoY increase in revenue to $6.1 million and a net loss of 22 cents per share. The company reported $26.3 million in new bookings for Q3, bringing YTD bookings to $58.4 million. IonQ ended the quarter with $485.1 million in cash, equivalents, and investments. The company raised its full-year 2023 revenue outlook to $21.2 million to $22 million and lifted its bookings outlook to $60 million to $63 million.

Portfolio Pulse from Adam Eckert

November 08, 2023 | 9:42 pm

IonQ, Inc. (NYSE:IONQ) shares are trading higher, despite being down by over 30% in the last month. Morgan Stanley analyst Scott Fessler maintained an Equal-Weight on IonQ and lowered the price target from $16 to $12. The company's co-founder and chief scientist, Dr. Chris Monroe, is set to depart. IonQ is expected to report a loss of 18 cents per share and quarterly revenue of $4.998 million in its Q3 financial results.

Portfolio Pulse from Erica Kollmann

November 01, 2023 | 5:10 pm

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