Streetbeat News

Planet Labs PBC

https://www.planet.com

Industry

Aerospace & Defense

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.

Open

2.52

Mkt cap

737M

Volume

1.3M

High

2.54

P/E Ratio

-5.34

52-wk high

2.89

Low

2.47

Div yield

N/A

52-wk low

1.67

Planet Labs (PL) has announced that Susan Wojcicki is expected to be nominated for election to the company's board of directors at the 2024 Annual General Meeting. This move could bring additional expertise and leadership to the company's board, potentially influencing its strategic direction.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:10 pm

Planet Labs shares dropped after reporting mixed Q3 results. Craig-Hallum downgraded the stock from Buy to Hold with a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:32 pm

Craig-Hallum analyst Jeff Van Rhee has downgraded Planet Labs (NYSE:PL) from Buy to Hold and set a price target of $3. This change reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:33 pm

Planet Labs (NYSE:PL) reported Q3 earnings with a loss per share of $(0.13), missing the $(0.08) estimate by 62.5%, but showing a 13.33% improvement from the previous year's $(0.15) loss. Sales reached $55.38M, slightly surpassing the $55.25M estimate and marking an 11.42% increase from last year's $49.70M.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:29 pm

Planet Labs (NYSE:PL) reported Q3 earnings with an EPS of $-0.13, missing estimates by 62.5% against the expected $-0.08. Revenue increased by $5.68 million compared to the same period last year. The company's stock price dropped 11.04% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:25 pm

Earnings reports are scheduled for December 7, 2023, for a variety of companies across different sectors. Notable reports include Lee Enterprises with expected earnings of $1.40 per share, Waterdrop at $0.02 per share, and DouYu Intl Hldgs at $0.03 per share. Urban One, Methode Electronics, SecureWorks, Ciena, Dollar General, Liquidity Services, Hooker Furnishings, GMS, and 36KR Holdings are also set to report before the bell. After the bell, earnings are expected from Applied DNA Sciences, Dynagas LNG Partners, Broadcom, Avid Bioservices, RH, Comtech Telecom, Delta Apparel, Guidewire Software, Cooper Companies, Smith & Wesson Brands, Torrid Holdings, Genasys, Lululemon Athletica, Planet Labs, DocuSign, Vail Resorts, Smartsheet, and HashiCorp.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 10:27 am

Planet Labs (NYSE:PL) is scheduled to release its quarterly earnings report on Thursday, 2023-12-07, with an expected EPS of $-0.08. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, PL missed EPS estimates by $0.06, resulting in an 11.04% share price drop the following day. Over the last year, PL shares have declined by 51.4%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:00 pm

Planet Labs (NYSE:PL) announced that its Pelican tech demonstration satellite, Pelican-1, and 36 SuperDoves, Flock 4Q, will be launched on SpaceX's Transporter-9 mission on November 11, 2023. The mission will validate the design and operations of Planet's common bus platform, which will host Planet's next generation of imaging sensors. Planet's shares closed lower by 3.67% at $2.10 on Thursday.

Portfolio Pulse from Shivani Kumaresan

November 10, 2023 | 11:27 am

Planet Labs PBC is set to launch its Pelican tech demonstration satellite, Pelican-1, and 36 SuperDoves, Flock 4Q, on SpaceX's Transporter-9 mission on November 11, 2023. The launch will take place from Vandenberg Space Force Base in California.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:13 am

Virgin Galactic Holdings, Inc (NYSE:SPCE) reported strong Q2 results, beating expectations and showing significant growth, which led to a surge in its stock price. The company's earnings loss was 28 cents per share on revenue of $1.73 million, better than the estimated loss of 43 cents per share. Investors interested in the space sector may also consider the Procure Space ETF (NASDAQ:UFO), which invests in companies in the space sector, including Virgin Galactic. The ETF also holds Planet Labs PBC (NYSE:PL) and Globalstar, Inc (AMEX:GSAT), both involved in the current Middle East crisis.

Portfolio Pulse from Melanie Schaffer

November 09, 2023 | 3:58 pm

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