Applied Digital Corporation (APLD)
| Market Cap | 2.88B |
| Revenue (ttm) | 221.19M |
| Net Income (ttm) | -244.19M |
| Shares Out | 224.72M |
| EPS (ttm) | -1.39 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 125,787,241 |
| Open | 10.48 |
| Previous Close | 10.25 |
| Day's Range | 10.46 - 13.10 |
| 52-Week Range | 3.01 - 13.10 |
| Beta | 5.87 |
| Analysts | Strong Buy |
| Price Target | 12.10 (-5.62%) |
| Earnings Date | Apr 14, 2025 |
About APLD
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and man... [Read more]
Financial Performance
In 2024, Applied Digital's revenue was $165.58 million, an increase of 198.92% compared to the previous year's $55.39 million. Losses were -$149.27 million, 234.4% more than in 2023.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for APLD stock is "Strong Buy." The 12-month stock price forecast is $12.1, which is a decrease of -5.62% from the latest price.
News
Applied Digital (APLD) CEO on CRWV Deal, Accelerating A.I. Adoption
Wes Cummins, CEO of Applied Digital (APLD), gives more insight into the deal his company and Coreweave (CRWV) recently signed. The company is building the data center facility in a town of 1,100 will ...
Applied Digital Just Got A Seat With The Big Boys: Initiating With A Buy
Applied Digital Corporation's $7 billion, 15-year CoreWeave, Inc. deal marks a transformative revenue boost, signaling entry into the AI infrastructure big leagues. Despite the recent revenue dip, App...
Applied Digital CEO Wes Cummins on CoreWeave AI lease agreement
Wes Cummins, CEO of Applied Digital, said Tuesday that the company's data center leasing agreement with CoreWeave is "just the start" for the capacity it expects to build out in the Dakotas region. Ap...
Applied Digital CEO weighs in on $7B data center deal with CoreWeave
Wes Cummins, Applied Digital CEO, joins 'Squawk on the Street' to discuss the company's deal with CoreWeave, demand outside of CoreWeave and much more.
Overlooked Stock: APLD & CRWV Sign Data Center Lending Leases
Applied Digital (APLD) rallied close to 50% on the session after signing a 15-year, $7 billion deal with Coreweave (CRWV). That amount is three times the size of Applied Digital's current market cap.
Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
CoreWeave and Applied Digital have signed two long-term lease agreements for artificial intelligence data centers, according to a release. Shares of Nvidia-backed CoreWeave climbed more than 7% while ...
Applied Digital and CoreWeave ink 15-year lease worth $7 billion
Applied Digital said on Monday it has entered into two 15-year leases with CoreWeave , a specialized cloud services provider backed by Nvidia , which will generate about $7 billion in revenue for the ...
Applied Digital Announces 250MW AI Data Center Lease With CoreWeave in North Dakota
DALLAS, June 02, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD), a designer, builder and operator of next-generation digital infrastructure for HPC applications, has entered into ...
5 Stocks About To Short Squeeze As Market Rebounds
The term ‘short squeeze' entered retail investors' vocabulary in January 2021 when GameStop GME went parabolic following a coordinated effort by traders on Reddit. Short sellers had attempted to profi...
Applied Digital Enters Into a $150 Million Convertible Preferred Equity Facility to Advance Development of Ellendale Multi-Building HPC Campus
Draws on the Facility are at the Company's discretion; The Company will provide an update on a lease for the Company's Ellendale High Performance Computing data center campus (the “Ellendale HPC Campu...
Applied Digital: 3 Reasons We Think Now Is The Time To Buy
Applied Digital has pivoted from cryptocurrency mining solutions to providing digital infrastructure, focusing on a massive AI-first data center in Ellendale, North Dakota. Despite delays in securing ...
Applied Digital: REIT Focus Is A Strategic Pivot For Growth
Applied Digital mentioned a plan to transition into a REIT for the first time since announcing its strategic shift to building and leasing HPC data centers. The sale of the cloud services segment coul...
Applied Digital Shares Tank Almost 40% On 3Q, Why This Analyst Remains Bullish
Shares of Applied Digital Corp APLD tanked in early trading after the company reported disappointing earnings for its fiscal third quarter.
Applied Digital Corporation (APLD) Q3 2025 Earnings Call Transcript
Applied Digital Corporation (NASDAQ:APLD) Q3 2025 Earnings Conference Call April 14, 2025 5:00 PM ET Company Participants Matt Glover - IR, Gateway Group, Inc. Wes Cummins - CEO Saidal Mohmand - CFO ...
Applied Digital misses quarterly revenue estimates as clients delay renewing data center leases
Applied Digital reported third-quarter revenue below Wall Street estimates on Monday, as clients delayed renewing their data center leases, sending shares of the company down 11% in extended trading.
Applied Digital Reports Fiscal Third Quarter 2025 Results
DALLAS, April 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...
Applied Digital Sets Fiscal Third Quarter 2025 Conference Call for Monday, April 14, 2025, at 5:00 p.m. Eastern Time
DALLAS, March 31, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...
Applied Digital Closes $375 Million Financing with SMBC to Support Ellendale HPC Campus
Sumitomo Mitsui Banking Corporation (“SMBC”) leads a $375 million financing for the Company's Ellendale High Performance Computing (“HPC”) data center campus (the “Ellendale HPC Campus”) Provides furt...
Applied Digital Is Building Datacenters In North Dakota For The Next Generation of AI And Computing
Sponsored by Dell Technologies. The demand for AI-powered tools and high-performance computing is reaching new heights.
Applied Digital, Vericel, Calavo Growers And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Wednesday.
Applied Digital Q2 FY25 Review: Continuous Delays In Signing Customer Is Disappointing
Applied Digital reported Q2 FY25 earnings after market hours yesterday. Going into this, I had a bullish view. But the lack of developments in signing a customer activates a key risk. APLD has been un...
Applied Digital Corporation (APLD) Q2 2025 Earnings Call Transcript
Applied Digital Corporation (NASDAQ:APLD) Q2 2025 Results Conference Call January 14, 2025 5:00 PM ET Company Participants Matt Glover - IR, Gateway Group, Inc. Wes Cummins - CEO Saidal Mohmand - CFO...
Applied Digital posts smaller-than-expected loss on demand for cloud services
Data center operator Applied Digital on Tuesday posted a smaller-than-expected loss for the second quarter, helped by increased demand for high-performance data center infrastructure and cloud service...
Applied Digital Reports Fiscal Second Quarter 2025 Results
DALLAS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...
Applied Digital's Stock Surges on Up to $5B Investment by Macquarie
Applied Digital (APLD) shares jumped in intraday trading Tuesday after it announced that Macquarie Asset Management will invest up to $5 billion in its high-performance computing (HPC) data centers.