Applied Digital Corporation (APLD)

NASDAQ: APLD · IEX Real-Time Price · USD
6.74
-0.56 (-7.67%)
At close: Dec 29, 2023, 4:00 PM
6.77
+0.03 (0.45%)
After-hours: Dec 29, 2023, 7:59 PM EST
-7.67%
Market Cap 713.42M
Revenue (ttm) 84.79M
Net Income (ttm) -51.57M
Shares Out 105.85M
EPS (ttm) -0.57
PE Ratio n/a
Forward PE 7.39
Dividend n/a
Ex-Dividend Date n/a
Volume 4,726,955
Open 7.33
Previous Close 7.30
Day's Range 6.60 - 7.43
52-Week Range 1.61 - 11.62
Beta 3.85
Analysts Strong Buy
Price Target 14.21 (+110.83%)
Earnings Date Jan 12, 2024

About APLD

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas. [Read more]

Industry Capital Markets
Sector Financials
Founded 2001
Employees 121
Stock Exchange NASDAQ
Ticker Symbol APLD
Full Company Profile

Financial Performance

In 2023, APLD's revenue was $55.39 million, an increase of 547.94% compared to the previous year's $8.55 million. Losses were -$44.65 million, 89.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for APLD stock is "Strong Buy." The 12-month stock price forecast is $14.21, which is an increase of 110.83% from the latest price.

Price Target
$14.21
(110.83% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Applied Digital Announces Long-Term Supply Agreement with TerraForm Power

DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital " or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

12 days ago - GlobeNewsWire

APPLIED DIGITAL ALERT: Bragar Eagel & Squire, P.C. is Investigating Applied Digital Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Applied Digital Corporation (NASDAQ: APLD) o...

26 days ago - Business Wire

Applied Digital to Host Ribbon Cutting Ceremony at its 200-Megawatt Datacenter in Garden City, Texas

The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockchain Hosting Locations The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockch...

4 weeks ago - GlobeNewsWire

Kate Reed Elected to Applied Digital Board of Directors

Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership

5 weeks ago - GlobeNewsWire

WEKA Partners with Applied Digital to Supercharge Its GPU Cloud for Generative AI Customers

DENVER , Nov. 15, 2023 /PRNewswire/ -- From Supercomputing 2023, WekaIO (WEKA), the data platform software provider for AI and other performance-intensive workloads, announced today that it is working...

6 weeks ago - PRNewsWire

Applied Digital Announces Upcoming Investor Events

DALLAS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

6 weeks ago - GlobeNewsWire

Applied Digital Announces Energization of its 200-Megawatt Datacenter in Garden City, Texas

Initial Energization of Garden City Facility Represents Third Facility to be Successfully Energized in North America Initial Energization of Garden City Facility Represents Third Facility to be Succes...

2 months ago - GlobeNewsWire

Applied Digital Announces Details for Investor Day on October 12, 2023

DALLAS, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

2 months ago - GlobeNewsWire

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("...

2 months ago - Accesswire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Applied Digital Corporation (APLD)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 11, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of invest...

2 months ago - Business Wire

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 - (NASDAQ: APLD)

NEW YORK , Oct. 10, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Applied Digital Corporation. Shareholders who purchased shares of APLD during the class perio...

2 months ago - PRNewsWire

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("...

2 months ago - Accesswire

APLD WEDNESDAY DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Applied Digital Corporation Investors to Secure Counsel Before Important October 11 Deadline in Securities Class Action - APLD

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Applied Digital Corporation (NASDAQ: APLD) between April 13, 202...

2 months ago - PRNewsWire

Applied Digital Reports Fiscal First Quarter 2024 Financial Results

- Generated Sequential Revenue Growth of 65% - - Reaffirms Fiscal 2024 Full-Year Guidance - - Applied Digital to Host Investor Day on October 12, 2023 - DALLAS, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Appli...

2 months ago - GlobeNewsWire

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Applied Digital Investors of a Lead Plaintiff Deadline of October 11, 2023

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Attention Applied Digital Corporation ("Applied Digital") (NASDAQ: APLD) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has ...

2 months ago - PRNewsWire

OCTOBER 11 FINAL DEADLINE: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("A...

3 months ago - Accesswire

APLD Investors Have Opportunity to Lead Applied Digital Corporation Securities Fraud Lawsuit

BENSALEM, Pa. , Oct. 5, 2023 /PRNewswire/ -- Law Offices of Howard G.

3 months ago - PRNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Applied Digital Corporation(APLD) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , Oct. 5, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ: APLD) of a class action securities lawsuit...

3 months ago - PRNewsWire

FINAL DEADLINE NEXT WEEK: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("A...

3 months ago - Accesswire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("A...

3 months ago - Accesswire

ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Applied Digital Corporation Investors to Secure Counsel Before Important October 11 Deadline in Securities Class Action - APLD

NEW YORK , Oct. 2, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Applied Digital Corporation (NASDAQ: APLD) between April 13, 20...

3 months ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Applied Digital Corporation of Class Action Lawsuit and Upcoming Deadline - APLD

NEW YORK , Sept. 29, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ: APLD) and...

3 months ago - PRNewsWire

DEADLINE ACTION ALERT: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 29, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ...

3 months ago - Accesswire

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Applied Digital Corporation (APLD) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , Sept. 28, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ: APLD) of a class action securities lawsu...

3 months ago - PRNewsWire

INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ...

3 months ago - Accesswire