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

26.29

Mkt cap

6.3B

Volume

37M

High

29.48

P/E Ratio

-35.54

52-wk high

29.48

Low

25.03

Div yield

N/A

52-wk low

6.22

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

Morgan Stanley has maintained an Equal-Weight rating on IonQ's stock but has lowered its price target from $16 to $12. This has resulted in IonQ's shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:17 pm

Morgan Stanley analyst Scott Fessler has maintained an Equal-Weight rating on IonQ (NYSE:IONQ) and lowered the price target from $16 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:28 pm

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks mentioned are NVDA, AAPL, INTC, MSFT, ARM, AMD, SMCI, IONQ, ORCL, and CRWD. The article provides details on the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock. The sentiment for NVDA, AAPL, and CRWD is bearish, while for INTC, MSFT, ARM, AMD, SMCI, and IONQ it is bullish. The sentiment for ORCL is neutral.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 5:35 pm

Technology stocks are trading lower due to overall weakness in the tech sector following earnings reports from Alphabet and Texas Instruments.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:47 pm

The article lists the stocks that have gained and lost the most in Tuesday's mid-day session. Some of the top gainers include InMed Pharmaceuticals, LianBio, Ascent Solar Technologies, and Falcon's Beyond Global. On the other hand, reAlpha Tech Corp, LumiraDx Limited, INVO Bioscience, and Markforged Holding Corporation were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 6:12 pm

During Tuesday's intraday session, several information technology stocks experienced significant movements. Gainers included Ascent Solar Technologies (ASTI), Agilysys (AGYS), Argo Blockchain (ARBK), Soluna Holdings (SLNHP), XIAO-I (AIXI), and SAI.TECH Global (SAI). Losers included Calix (CALX), WaveDancer (WAVD), IonQ (IONQ), Oblong (OBLG), Cyngn (CYN), and Porch Group (PRCH).

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 5:31 pm

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