BUZZ-Applied Digital shares surge as Q1 revenue quadruples

路透社2026/10/08 08:56

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October 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.)

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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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(1) The impact of arbitrage trading on the Swiss franc has been very significant, with the franc's trade-weighted exchange rate falling sharply this year. (2) However, as currency volatility intensifies and risk aversion increases due to turbulence in the bond and energy markets, the market may have reasons to hedge against the risk of a franc rebound. (3) During the period from February to September 2026, which saw both arbitrage trading and a booming stock market, the franc’s trade-weighted exchange rate declined by about 5.5%, dropping from 114 to around 108—the lowest point since February 2025. (4) This low is close to several important technical indicators, including the 100-month moving average near 107.5 and the lower band of the 20-month Bollinger Bands, also near 107.5. (5) This decline is a correction following a larger price surge and may provide a platform for the franc to resume its upward momentum, especially since the current exchange rate has deviated from the 100-month moving average, and the franc has not traded below this average since 2023. (6) Given the potential formation of a bottom, franc short-sellers may have reasons to reduce their risk exposure following the increase in currency volatility and anxiety in the stock market triggered by bond market turmoil. (7) Such actions directly threaten arbitrage trading; considering the magnitude of the franc’s decline, there may still be a large number of short franc positions in the market. (8) If these positions are closed, it could trigger a further rise in the franc, which can be volatile; in October, it fell by 2.4% within just two trading days. (9) Going forward, attention should be paid to volatility in the bond market and the evolution of risk aversion sentiment. If risk appetite continues to weaken, franc short covering could become an important short-term variable in the foreign exchange market.

智通财经•2026/10/08 09:37