Latest news with #AppliedDigital
Yahoo
4 days ago
- Business
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Applied Digital (APLD) Jumps 11.4% on Strong Optimism for Expanded CoreWeave Dea
We recently published . Applied Digital Corp. (NASDAQ:APLD) is one of the companies that stood stronger last week. Applied Digital rebounded by 11.42 percent on Monday to close at $13.95 apiece, tracking an overall market optimism, supported by news of a billion-dollar revenue opportunity from its expanded collaboration with AI infrastructure giant CoreWeave Inc. (NASDAQ:CRWV). Alongside its earnings release last week, Applied Digital Corp. (NASDAQ:APLD) announced that CoreWeave Inc. (NASDAQ:CRWV) exercised an option to add 150 MW of critical IT load capacity from the former, on top of the 250 MW signed earlier, effectively bringing the total capacity to 400 MW. Applied Digital Corp. (NASDAQ:APLD) expects the expanded contract to rake in another $4 billion in revenues for a total of $11 billion. The first 100 MW facility is scheduled to be operational in the fourth quarter of the year, to be followed by a 150 MW capacity in the middle of next year, and the third 150 MW in 2027. Copyright: hywards / 123RF Stock Photo Meanwhile, Applied Digital Corp. (NASDAQ:APLD) narrowed its net loss attributable to shareholders in the fourth quarter ending May 2025 by 16 percent to $53.9 million from $64.7 million in the same period last year. Total revenues increased by 41 percent to $38 million from $26.9 million year-on-year. While we acknowledge the potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
4 days ago
- Business
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Amdocs (DOX) Reports Earnings Tomorrow: What To Expect
Telecom software provider Amdocs (NASDAQ:DOX) will be reporting earnings this Wednesday after market close. Here's what to expect. Amdocs met analysts' revenue expectations last quarter, reporting revenues of $1.13 billion, down 9.4% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' full-year EPS guidance estimates. Is Amdocs a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Amdocs's revenue to decline 9.7% year on year to $1.13 billion, a reversal from the 1.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.71 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amdocs has missed Wall Street's revenue estimates three times over the last two years. Looking at Amdocs's peers in the it services & other tech segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Applied Digital's revenues decreased 13% year on year, meeting analysts' expectations, and Grid Dynamics reported revenues up 21.7%, topping estimates by 0.5%. Applied Digital traded up 31.3% following the results while Grid Dynamics was down 16.4%. Read our full analysis of Applied Digital's results here and Grid Dynamics's results here. The euphoria surrounding Trump's November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the it services & other tech stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Amdocs is down 6% during the same time and is heading into earnings with an average analyst price target of $103.37 (compared to the current share price of $86.32). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Why Applied Digital Stock Skyrocketed This Week
Key Points Applied Digital posted big gains in conjunction with the quarterly results it published this week. The company's results in fiscal Q4 beat Wall Street's targets. Applied Digital announced that CoreWeave exercised an option to significantly expand its data center contract. 10 stocks we like better than Applied Digital › Despite a pullback on Friday driven by bearish macroeconomic news, Applied Digital (NASDAQ: APLD) stock managed to close out this week's trading with big gains. The company's share price ended the stretch up 16.5% compared to where it stood at the end of the previous week's market close. Applied Digital's big rally this week stemmed from posting its report for the fourth quarter of its last fiscal year, which ended May 31. In addition to posting better-than-expected results for fiscal Q4, the company announced a major new contract with CoreWeave that helped send shares soaring. Applied Digital beat Wall Street's targets for fiscal Q4 Applied Digital published results for fiscal Q4 after the market closed on July 30, and the report and investor conference powered a massive rally for the company's share price. The data center specialist reported a non-GAAP (adjusted) loss of $0.03 per share for the period, which came in far better than the average analyst estimate's call for a per-share loss of $0.16. Meanwhile, sales for the period came in at $38 million, which beat the average analyst estimate by roughly $880,000. Sales were up 41% year over year in the period, and the company paired the encouraging quarterly results with huge news about its relationship with CoreWeave. CoreWeave's contract move flashes green flag for Applied Digital stock In conjunction with its fiscal Q4 report, Applied Digital announced that CoreWeave had moved to exercise an option to secure an additional 150 megawatts of data center processing usage. Applied Digital revealed that it had entered into a $7 billion, 250-megawatt data center contract with the artificial intelligence (AI) specialist at the beginning of July, and news that its partner had quickly decided to sign on for the extra processing megawatts prompted explosive gains for the stock. Should you buy stock in Applied Digital right now? Before you buy stock in Applied Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Applied Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Applied Digital Stock Skyrocketed This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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5 days ago
- Business
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Craig-Hallum Raises Price Target for Applied Digital (APLD), Keeps Buy Rating
Applied Digital Corporation (NASDAQ:APLD) is one of the 12 Best Performing AI Stocks So Far in 2025. On July 31, Craig-Hallum increased its price target for Applied Digital Corporation (NASDAQ:APLD) from $12 to $18 while keeping a Buy rating. The firm highlighted the company's recent 150 megawatt (MW) expansion and potential future opportunities. Craig-Hallum pointed out that Applied Digital Corporation (NASDAQ:APLD) has experienced pressure over the past month and suggested that the market had not yet recognized the value of an additional 150 MW of capacity. The increase in price target also reflects future opportunities. This includes the possibility of another campus in North Dakota with a hyperscale customer. Craig-Hallum also noted the potential for Polaris Forge 1 campus in Ellendale, North Dakota, to scale up to 1 gigawatt (GW) capacity. Applied Digital Corporation (NASDAQ:APLD) is a technology company that designs, develops, and operates digital infrastructure for the high-performance computing (HPC) and artificial intelligence (AI) industries. While we acknowledge the potential of APLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing Stocks in the Last 6 Months and 12 Most Owned Stocks by Hedge Funds So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
Applied Digital (APLD) Jumps 16% on New Multi-Billion Dollar Contract
We recently published Applied Digital Corporation (NASDAQ:APLD) is one of the companies that stood stronger last week. Applied Digital grew its share prices by 16.46 percent in just the past five days of trading, as investors cheered its expanded collaboration with CoreWeave Inc. that would hike the two firms' contract to as much as $11 billion. This followed CoreWeave Inc.'s (NASDAQ:CRWV) exercise of an option to add another 150 MW of critical IT load capacity from Applied Digital Corporation (NASDAQ:APLD), on top of the 250 MW signed earlier, effectively bringing the total capacity to 400 MW. According to Applied Digital Corporation (NASDAQ:APLD), the first 100 MW facility is scheduled to be operational in the fourth quarter of the year, to be followed by a 150 MW capacity in the middle of next year, and the third 150 MW in 2027. Meanwhile, Applied Digital Corp. (NASDAQ:APLD) narrowed its net loss attributable to shareholders in the fourth quarter ending May 2025 by 16 percent to $53.9 million from $64.7 million in the same period last year. Total revenues increased by 41 percent to $38 million from $26.9 million year-on-year. While we acknowledge the potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
