Streetbeat News

RGTI

Rigetti Computing, Inc.

https://www.rigetti.com

Industry

Computer Hardware

Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

Open

1.40

Mkt cap

289M

Volume

16M

High

1.62

P/E Ratio

-3.28

52-wk high

2.36

Low

1.40

Div yield

N/A

52-wk low

0.66

Rigetti Computing (NASDAQ:RGTI) reported Q2 2024 GAAP EPS of $(0.07), beating the estimate of $(0.10). However, sales of $3.086M missed the $3.532M estimate, marking a 7.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:24 pm

B. Riley Securities has initiated coverage on Rigetti Computing (NASDAQ:RGTI) with a Buy rating and set a price target of $3.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:50 am

Rigetti Computing (NYSE:RGTI) has seen a 7.84% increase in its short percent of float, now at 14.03%. This indicates a bearish sentiment among investors, as it would take 5.33 days to cover these short positions. Compared to its peers, Rigetti has a higher short interest.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 4:45 pm

Zapata AI has published and presented research findings to DARPA from Phase II of the Quantum Benchmarking Program. The collaboration with Rigetti Computing, USC, HRL Laboratories, and L3Harris highlights the economic value of quantum computing use cases and hardware-specific resource requirements. Zapata AI is the only company participating across all program tracks.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:40 pm

Rigetti Computing, Inc. (NASDAQ:RGTI) will join the Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1st.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:18 pm

Rigetti Computing's shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:55 pm

Benchmark analyst David Williams has reiterated a Buy rating on Rigetti Computing (NASDAQ:RGTI) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:19 pm

Needham analyst Quinn Bolton has reiterated a Buy rating on Rigetti Computing (NASDAQ:RGTI) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:12 am

Rigetti Computing (NASDAQ:RGTI) reported Q1 2024 GAAP EPS of $(0.14), missing the $(0.11) estimate, with sales of $3.052M also missing the $3.245M estimate. Despite these misses, both losses per share and sales showed significant improvement over the same period last year, with losses per share decreasing by 26.32% and sales increasing by 38.66%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:16 pm

Rigetti Computing, Inc. (NASDAQ:RGTI) announced the launch of the Novera QPU Partner Program, aimed at enabling high-performing, on-premises quantum computing through an ecosystem of hardware, software, and service providers. The program includes founding members like Bluefors, Quantum Machines, and others, offering components like control systems and cryogenics. The Novera QPU, a 9-qubit quantum processing unit, is based on Rigetti's Ankaa-class architecture and is manufactured in their dedicated quantum device facility. The program aims to support the development of quantum computing capabilities and has already seen sales to US government labs and Horizon Quantum Computing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 pm

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