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

9.04

Mkt cap

3.2B

Volume

124M

High

11.30

P/E Ratio

-10.29

52-wk high

21.42

Low

9.02

Div yield

N/A

52-wk low

0.66

Numerous companies are scheduled to report their earnings on March 14, 2024, covering a wide range of industries from technology to healthcare. The reports include a mix of expected quarterly earnings and losses, with key figures such as revenue and per-share earnings highlighted for each company.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:52 am

Rigetti Computing (NASDAQ:RGTI) is anticipated to report a quarterly EPS of $-0.13 on March 14, 2024. Historical performance shows mixed results with the stock price reacting variably to past earnings reports. Shares have significantly appreciated over the last year, trading at $2.21 as of March 12, marking a 318.07% increase. Investors are keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 7:02 pm

In Tuesday's intraday session, 12 Information Technology stocks showed significant movements. ClearOne, Semilux International, Rigetti Computing, NOVONIX, SoundHound AI, and D-Wave Quantum were among the gainers, with ClearOne leading by rising 111.0% to $1.91. On the downside, MultiSensor AI Holdings, Aeva Technologies, Ascent Solar Technologies, SMX, Cyngn, and Asana were the losers, with MultiSensor AI Holdings dropping 14.4% to $2.98. The movements reflect varying market capitalizations and recent earnings releases for some.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:31 pm

Shares of tech and software companies are experiencing an uptick due to overall market strength and the momentum in artificial intelligence (AI).

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:48 pm

Alliance Global Partners has initiated coverage on Rigetti Computing (NASDAQ:RGTI) with a Buy rating and set a price target of $3.5. The announcement was made by analyst Brian Kinstlinger.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:35 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

Rigetti Computing announced its preliminary Q4 revenue to be between $2.9M and $3.4M, and forecasts its FY23 revenue to range from $11.5M to $12.1M.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:29 pm

Rigetti Computing, Inc. (NASDAQ:RGTI) has been awarded a grant by Innovate UK, funded by the National Quantum Computing Centre (NQCC), to develop and deliver a 24-qubit quantum computer based on its Ankaa-class architecture to the NQCC's Harwell Campus. The system will feature advanced technology from Rigetti's 84-qubit Ankaa-2 system, including tunable couplers and a square lattice, achieving a 98% median 2-qubit fidelity and a 68 nanoseconds gate time. Rigetti's software development tools and Tsunamis control systems will be deployed with the system, which will be available over Rigetti Quantum Cloud Services. Riverlane will integrate its Quantum Error Correction Stack, including Deltaflow.Control, to enhance the system's control and readout capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:15 pm

In Friday's after-market session, several information technology stocks experienced movement. Prairie Operating (PROP) and Presto Automation (PRST) were among the gainers, with increases of 5.3% and 4.69% respectively. Mawson Infra Gr (MIGI), CISO Global (CISO), Rigetti Computing (RGTI), and Minim (MINM) also saw their stocks rise. On the losing side, Cyngn (CYN), Datasea (DTSS), EMCORE (EMKR), Security Matters (SMX), SAI.TECH Global (SAI), and Arqit Quantum (ARQQ) experienced declines, with CYN leading the losses at 6.4%. The movements reflect changes in investor sentiment and market dynamics for these companies.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 9:31 pm

Benchmark analyst David Williams has maintained a Buy rating on Rigetti Computing (NASDAQ:RGTI) but has reduced the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:21 pm

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