BUZZ-Applied Digital shares surge as Q1 revenue quadruples
路透社2026/10/08 08:56October 8 - ** Data center service provider Applied Digital (APLD.O) saw its stock rise 3.57% in pre-market trading to $24.66 ** The company’s Q1 revenue (link) surged more than fourfold to $341.9 millions, far surpassing analyst estimates of $133.8 millions ** Northland Capital Securities noted that APLD’s revenue and cash flow should increase significantly in the coming years as contracted data center capacity becomes operational and starts generating income ** Net loss attributable to common shareholders widened from $18.5 millions (7 cents/share) a year ago to $221 millions (76 cents/share) ** According to data compiled by London Stock Exchange Group (LSEG), the average rating from 17 analysts covering the stock is “Buy”, with a median target price of $70.00, representing an upside of about 194% from the current price ** Year-to-date, the stock is down about 2.9%, while the Nasdaq Index .IXIC is up 18.5% over the same period. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation and provides it only as a convenience. Reuters assumes no liability for any damage or loss resulting from the use of automated translation.)
October 8 -
** Data center service provider Applied Digital (APLD.O) saw its share price rise 3.57% in pre-market trading to $24.66
** The company's first-quarter revenue (link) increased more than fourfold to $341.9 million, far exceeding analysts' estimates of $133.8 million
**Northland Capital (Northland Capital Securities) stated that as contracted data center capacity comes online and starts generating revenue, APLD's revenue and cash flow should grow significantly in the coming years
**APLD's net loss attributable to common shareholders widened from $18.5 million (7 cents per share) in the same period last year to $221 million (76 cents per share)
** According to data compiled by London Stock Exchange Group (LSEG), the 17 analysts covering the stock have an average rating of "Buy," with a median target price of $70.00, representing about 194% upside from the current share price
**The stock has fallen about 2.9% year to date, while the Nasdaq Index rose 18.5% over the same period .IXIC
(To assist non-English speakers, Reuters has automatically translated its reports into several other languages. Because automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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