Breaking: Applied Digital's Q4 Revenue Outlook Disappoints; Lucid Secures Major Investment
- June 27th, 2023
- 327 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
-
Arch Capital, Dynatrace, Cleveland-Cliffs Headline Earnings Calendar
February 08th, 2026NJCP National Football Conference Names David Dalton Head Coach of Salt Lake Yeti
February 06th, 2026FDA Takes New Approach to "No Artificial Colors" Claims
February 06th, 2026
Member Login