Breaking: Applied Digital's Q4 Revenue Outlook Disappoints; Lucid Secures Major Investment
- June 27th, 2023
- 418 views
Applied Digital Corporation (Nasdaq: APLD) has revealed in a regulatory filing with the SEC a revenue guidance that falls below analysts' estimates.
For the fiscal fourth quarter of 2023, the company expects that its overall revenues will be approximately $22 million, which is below the consensus estimate of $30.06 million for the same period.
Nevertheless, HC Wainwright & Co. reiterated Applied Digital with a Buy and maintained the price target at $12.
$APLD was trading at $8.79 in pre-market, reflecting a decrease of $0.40 (4.35%).
In other news, Lucid Group, Inc. (Nasdaq: LCID) also announced through a regulatory filing with the SEC that Ayar Third Investment Company has acquired a significant stake in the company.
Ayar Third Investment purchased 265,693,703 shares of Lucid Group's Class A common stock in a private placement, amounting to around $1.8 billion
In pre-market, $LCID is trading at $5.83, up $0.28 (+5.05%)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Countdown to Earnings: Nutanix, CrowdStrike, and Synopsys on Deck
August 23rd, 2026Investors Eye Semtech, Intuit, and nCino as Earnings Loom
August 22nd, 2026FTC Files Amicus Brief to Protect Competition in Biologic Drug Markets
August 21st, 2026
Member Login