APLD

Applied Digital Corp

23.85

Oct 08 • 3:59 PM ET +0.04 (0.17%)

23.74

Aftermarket • 7:59 PM ET -0.11 (-0.46%)

Technology Information Technology Services USA Mid NASD

Oct 08, 12:50 PMNeedham cuts Applied Digital price target to $70 from $83, reiterates Buy rating

Peers: CIFR WULF IREN RIOT MARA CLSK GLXY HUT BTBT CACI

| Held by: VTI VB VGT VBK DTCR VXF SCHA IWR BLOK SCHM

Scroll to Statements

Index	-
Market Cap	7.21B
Enterprise Value	12.63B
Income	-468.61M
Sales	853.85M
Book/sh	5.39
Cash/sh	10.79
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	256
IPO	Jul 22, 2002

P/E	-
Forward P/E	-
PEG	-
P/S	8.45
P/B	4.42
P/C	2.21
P/FCF	-
EV/EBITDA	-
EV/Sales	14.79
Quick Ratio	2.56
Current Ratio	2.56
Debt/Eq	3.63
LT Debt/Eq	3.54
Option/Short	Yes / Yes

EPS (ttm)	-1.63
EPS next Y	-0.78
EPS next Q	-0.28
EPS this Y	-61.77%
EPS next Y	46.98%
EPS next 5Y	27.00%
EPS past 3/5Y	-24.16% -19.33%
Sales past 3/5Y	122.64% -
EPS Y/Y TTM	-43.01%
Sales Y/Y TTM	289.85%
EPS Q/Q	-1024.76%
Sales Q/Q	432.38%
Earnings	Oct 07 AMC
EPS/Sales Surpr.	-177.59% 193.99%

Insider Own	9.80%
Insider Trans	-0.37%
Inst Own	71.91%
Inst Trans	4.92%
ROA	-6.49%
ROE	-31.64%
ROIC	-5.71%
Gross Margin	20.22%
Oper. Margin	-23.65%
Profit Margin	-54.88%
SMA20	-6.86%
SMA50	-12.01%
SMA200	-25.73%
Trades

Shs Outstand	297.07M
Shs Float	269.79M
Short Float	21.45%
Short Ratio	3.09
Short Interest	57.86M
52W High	50.72 -52.98%
52W Low	19.00 25.49%
Volatility	6.29% 5.64%
ATR (14)	1.67
RSI (14)	41.74
Beta	5.53
Rel Volume	3.06
Avg Volume	18.74M
Volume	55,454,852

Perf Week	-1.28%
Perf Month	-12.12%
Perf Quarter	-23.43%
Perf Half Y	-6.73%
Perf YTD	-2.73%
Perf Year	-14.64%
Perf 3Y	361.32%
Perf 5Y	54.67%
Perf 10Y	27892.96%
Recom	1.21
Target Price	63.03
Prev Close	23.81
Price	23.85
Change %	0.17%

Date	Action	Analyst	Rating Change	Price Target Change
Sep-23-26	Initiated	UBS	Buy	$38
Sep-21-26	Initiated	Rothschild & Co Redburn	Neutral	$22
Sep-17-26	Initiated	Wells Fargo	Overweight	$50
Jul-23-26	Initiated	Morgan Stanley	Equal-Weight	$36.50
Jan-07-26	Initiated	Arete	Buy	$99
Sep-15-25	Resumed	Compass Point	Buy
Jul-25-25	Upgrade	Compass Point	Neutral → Buy	$13
Jun-09-25	Downgrade	Compass Point	Buy → Neutral	$13
May-22-25	Initiated	Citizens JMP	Mkt Outperform	$12
Jan-28-25	Initiated	Compass Point	Buy	$10
Dec-20-24	Initiated	Cantor Fitzgerald	Overweight	$15
Oct-03-23	Initiated	ROTH MKM	Buy	$14
Dec-22-22	Initiated	H.C. Wainwright	Buy	$4
May-24-22	Initiated	DA Davidson	Buy	$6
May-23-22	Initiated	Craig Hallum	Buy	$10
May-09-22	Initiated	Northland Capital	Outperform	$7.50
May-09-22	Initiated	Needham	Buy	$5.50
May-09-22	Initiated	Lake Street	Buy	$10
May-09-22	Initiated	B. Riley Securities	Buy	$10

Show Previous Ratings

Oct-08-26 12:20PM	Applied Digital Has Lost 52% Since May: Needham Sees 194% Upside (TIKR)
11:28AM	Wells Fargo raises Applied Digital target to $55 on expansion lease outlook (Blockspace)
11:26AM	Citizens JMP reiterates Applied Digitals $60 target on capacity delivery (Blockspace)
10:18AM	Applied Digital revenue jumps 322% as HPC hosting scales, but debt reaches $6.4 billion (Blockspace)
10:14AM	Needham cuts Applied Digital price target to $70 on regulatory and financing risk (Blockspace)
09:00AM	Loading…
09:00AM	Applied Digital Q1 2027 earnings beat revenue estimates (Quartz)
08:44AM	Applied Digital revenue soars as AI data center demand drives growth (Proactive)
08:13AM	APLD Stock Gets Target Hike From Wells Fargo Post Earnings - Analyst Sees Debt Raises For Meta Leases, 250 MWs Expansion As Catalysts Ahead (Stocktwits)
08:07AM	Applied Digital Shares Rise 4% After Q1 Revenue Beat and Expansion of AI Data Centre Capacity (InvestorsHub)
07:32AM	5 Things to Know Before the Stock Market Opens on Thursday (Investopedia)
07:32AM	3 Warning Signs That Earnings Season Won't Be a Slam Dunk for Markets (Barrons.com)
05:49AM	Applied Digital jumps after earnings, and other early market movers (MarketWatch)
05:48AM	US Stock Futures Fall as AI Debt Financing, Rising Bond Yields and Oil Prices Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street (InvestorsHub)
04:56AM	Intel, Marvell, Wolfspeed, Levi Strauss, and More Stocks That Explain Today's Market (Barrons.com)
04:24AM	APLD Stock Soars Premarket After Q1 Sales Rise 4X: CEO Reveals Tier 1 Hyperscaler Building 1GW Data Center In North Dakota (Stocktwits)
05:18PM	Loading…
Oct-07-26 05:18PM	Applied Digital's Earnings Show Its Data Center Bet Is Starting to Pay Off (Barrons.com) -6.04%
05:07PM	Applied Digital posts top-line beat in Q1 amid data center growth (Investing.com)
04:27PM	Applied Digital Reports Fiscal First Quarter 2027 Results (GlobeNewswire)
11:30AM	Wells Fargo keeps AI/HPC operators Overweight ahead of debt raises (Blockspace)
07:35AM	The Stock Market's AI Rally Faces 3 Big Problems All at the Same Time (Barrons.com)
04:50AM	Applied Digital headlines earnings slate (MarketWatch)
03:32AM	Stock Market Today: S&P 500, Dow and Nasdaq set for lower open as oil prices, bond yields push higher; Fed minutes on tap (MarketWatch)
Oct-06-26 11:52AM	Applied Digital climbs on securing 1GW power site for European AI campus (Investing.com)
11:51AM	Earnings Preview: Short Sellers Target Applied Digital Stock (Schaeffer's Research)
08:18AM	Applied Digital Secures Up To 1 GW Of Potential Power Capacity In Finland, Says Talks With Hyperscale Customers Underway (Stocktwits)
07:10AM	MARKETS LIVE: Wall Street ends higher as AI rally pushes S&P 500, Nasdaq to fresh records (Proactive)
06:00AM	Inside the Big-Money Business of Protecting Data Centers (Barrons.com)
06:00AM	Applied Digital Secures Up to 1 GW of Potential Power Capacity in Finland, Marking First International Development in the Nordics (GlobeNewswire)
Oct-05-26 10:15AM	Stock market today: Dow, S&P 500, Nasdaq diverge amid bond market caution (Yahoo Finance)
08:00AM	Vertical Data Inc Wraps September With a $192M LOI, Planned Canadian Deployment and Goldman Sachs Engagement (FinanceWire)
06:23AM	Loading…
06:23AM	10-Year Yield Above 5%, Oil Near $90, And Bitcoin: 3 Charts That Could Test The Stock Rally (Stocktwits)
01:46AM	Stocktwits Tech Watch: AI Investors Shift Focus To Applied Digital Earnings, Microsoft Event, SF Tech Week (Stocktwits)
Oct-02-26 12:01PM	APLD Stock Jumps After Applied Digital Adds 75 MW At Polaris Forge 1 Power Is Only The Starting Point, Says CEO (Stocktwits) +5.05%
10:01AM	Applied Digital adds 75 MW of AI capacity in North Dakota (Proactive)
08:00AM	Applied Digital Brings an Additional 75 MW of AI Infrastructure Online at Polaris Forge 1 (GlobeNewswire)
07:08AM	MARKETS LIVE: Wall Street rallies as weak jobs report eases rate fears and Treasury yields fall (Proactive)
Oct-01-26 02:08PM	The Week Ahead: FOMC Meeting Minutes Take Center Stage (Schaeffer's Research)
Sep-30-26 04:00PM	Has Buying Applied Digital Stock's Dips Paid Off? (Trefis)
Sep-28-26 04:05PM	Applied Digital Sets Fiscal First Quarter 2027 Conference Call for Wednesday, October 7, 2026, at 5:00 p.m. Eastern Time (GlobeNewswire) -6.55%
Sep-23-26 03:30PM	UBS turns bullish on five AI data center stocks (Proactive)
01:07PM	Should You Sell Your APLD Stock Now? (Trefis)
09:49AM	Microsoft upgraded, HubSpot initiated: Wall Street's top analyst calls (The Fly)
Sep-21-26 11:38AM	Nebius, CoreWeave Get Sell Calls as Credit Flashes Warning (GuruFocus.com)
09:47AM	Ciena upgraded, Flutter downgraded: Wall Street's top analyst calls (The Fly)
08:06AM	CRWV, NBIS Stocks Get Sell Ratings, AI-Pivoting Bitcoin Miners Get Neutral Calls: Rothschild Says Credit Market Is Sending The More Important Signal (Stocktwits)
Sep-17-26 04:28PM	How Far Can Cipher Digital Stock Fall While It Waits For Rent? (Trefis) +8.16% +6.60%
03:41PM	Can Applied Digital Stock Recover On Leases It Has Already Signed? (Trefis)
12:34PM	Applied Digital Named One Of Wells Fargo Top Ideas Analyst Highlights Backlog Quality, Power Advantage And Valuation Discount (Stocktwits)
Sep-14-26 08:04PM	How Far Can Applied Digital Stock Fall If The Business Keeps Growing? (Trefis) -6.96%
Sep-11-26 05:09PM	Is Cipher Digital Stock Expensive, Or Just Early? (Trefis)
Sep-08-26 02:11PM	Global Data Center Market Projected to Reach $517 Billion By 2030 (PR Newswire) +7.36%
Sep-03-26 08:06PM	What Are You Actually Buying In Applied Digital Stock? (Trefis)
Sep-02-26 02:45PM	15 Stocks to Watch With Short Squeeze Potential (Schaeffer's Research)
Aug-31-26 10:52AM	Building AI Infrastructure: Alpha Compute CEO Brittany Kaiser, Live at Nasdaq (IPO-Edge.com)
Aug-27-26 08:36PM	Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up. What Gives? (Trefis) -7.65%
Aug-24-26 10:24AM	Morgan Stanley expects powered-shell deal wave by October (Blockspace)
Aug-21-26 11:21AM	B. Riley keeps $75 Applied Digital target after Polaris Forge 2 site visit (Blockspace) -5.03%
Aug-19-26 02:55PM	Cipher Digital Stock Is Valued On Revenue It Is Shutting Down (Trefis)
Aug-18-26 11:45PM	HUT Stock Heads For 4th Week Of Declines: Why This Analyst Thinks Hut 8 Is a Buy (Stocktwits) -8.56%
09:30AM	Bond yields spike worldwide on top of soaring debt, AI spending (Yahoo Finance Video)
Aug-12-26 02:29PM	S&P 500 rises as CoreWeave results fuel AI optimism (Reuters)
10:23AM	AI infrastructure stocks surge after strong earnings from CoreWeave, Supermicro (Yahoo Finance)
08:24AM	CoreWeave Jumps 18% as AI Capacity Sells Out (GuruFocus.com)
05:58AM	CoreWeave, Super Micro climb on signs of sustained AI buildout (Reuters)
Aug-11-26 09:50PM	CoreWeaves Record Q2 Supercharges Nebius Stock Ahead Of Earnings What Does Wall Street Expect Amid Cloud Boom? (Stocktwits)
02:22PM	Babcock & Wilcox stakes out another perch in AI, data center bonanza (Akron Beacon Journal)
Aug-10-26 03:27PM	Cipher Digital Delivered Early, But Its Growth Waits On Texas (Trefis)
Aug-06-26 08:30AM	Roundhill Investments Launches First-Ever Neocloud ETF (NCLD) and Photonics & Optics ETF (LYTE) (PR Newswire)
Aug-04-26 04:52PM	Earnings Calendar and Analysis for This Week (August 3-7) (Kiplinger) +6.04%
01:47PM	The AI Buildout Runs on Power and Cooling. Bitzero Just Deepened Its Bench With Vertiv. (PR Newswire)
Jul-31-26 10:14AM	B. Riley names Core Scientific and Applied Digital top HPC picks after sector selloff (Blockspace)
Jul-30-26 11:59AM	Citadel buys bulk of Situational Awareness portfolio after AI stock losses: WSJ (Blockspace) +20.46%
Jul-28-26 09:46AM	Needham keeps Applied Digital at Buy with $83 target after Q4 results (Blockspace)
09:44AM	B. Riley keeps $66 Applied Digital target after fiscal Q4 EBITDA beat (Blockspace)
09:05AM	Applied Digital revenue quadruples on AI data center demand (Proactive)
01:00AM	Applied Digital Corp (APLD) Q4 2026 Earnings Call Highlights: Record Revenue Surge Amid ... (GuruFocus.com)
Jul-27-26 11:58PM	APLD Stock Is Back In The Green Overnight: Whats Behind The 3% Jump? (Stocktwits)
05:23PM	APLD Stock Soars 6% After-Hours After Q4 Revenue Quadruples On $20B Backlog (Stocktwits)
04:46PM	Applied Digital beats quarterly revenue estimates on surging AI infrastructure demand (Reuters)
04:05PM	Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results (GlobeNewswire)
10:21AM	KBW says miner selloff erased pipeline value despite AI/HPC leasing rebound (Blockspace)
05:37AM	Celestica headlines Monday's earnings slate (MarketWatch)
Jul-23-26 04:41PM	Goldman Offers Way to Trade AI Junk Bonds $250 Million at a Time (Bloomberg) -9.03%
01:53PM	Morgan Stanley sees AI data center pivot unlocking upside for bitcoin miners (Investing.com)
10:41AM	Morgan Stanley sees 141% upside for Hut 8 with $263 price target (Blockspace)
09:55AM	Autodesk initiated, Norwegian Cruise downgrade: Wall Street's top analyst calls (The Fly)
Jul-22-26 10:06AM	CoreWeave-Backed Data Center Plans $3.5 Billion Junk-Bond Sale (Bloomberg)
08:55AM	Is Cipher Digital Stock A Smart Buy As It Builds Its Hyperscale Future? (Trefis)
Jul-20-26 08:19PM	Applied Digital Sheds 44%: Buy the Dip or Run? (Trefis) +7.99% +7.90%
Jul-15-26 04:05PM	Applied Digital Sets Fiscal Fourth Quarter and Full Year 2026 Conference Call for Monday, July 27, 2026, at 5:00 p.m. Eastern Time (GlobeNewswire) -8.92%
01:14AM	NBIS, IREN, CRWV, APLD: Retail Traders Shrug Off AI Pullback, Buy The Dip In Neocloud Stocks (Stocktwits)
Jul-13-26 12:25PM	Applied Digital: Is The $16 Billion AI Bet Worth The Risk? (Trefis) -7.42%
Jul-10-26 05:25AM	LRCX, APLD, KLAC: Why Chip Equipment Stocks Are Falling Premarket Today (Stocktwits)
Jul-06-26 07:07AM	Brookfields Data Center Firm Csquare Seeks $1.35 Billion in IPO (Bloomberg)
05:55AM	Bitcoin Miners Want To Be AI Landlords. Four Companies Making It Work. (Barrons.com)
Jul-01-26 01:00PM	Applied Digital Delivers Second Building at Polaris Forge 1 (GlobeNewswire)
Jun-25-26 12:59PM	Bitcoin Crashes Below $60,000 as Crypto Stocks Enter Free Fall (GuruFocus.com)
04:59AM	NBIS, CRWV, APLD, IREN: Why Are Neocloud Stocks Jumping Premarket? (Stocktwits)
Jun-22-26 04:30PM	Montana-Dakota Utilities Announces Electric Service Agreement with Applied Digital for Proposed AI Factory (PR Newswire)
Jun-17-26 05:04PM	Applied Digital closes $1.59B debt raise for 150 MW Polaris Forge 1 buildout (Blockspace)

Applied Digital Corp. is a technology company, which engages in the provision of development and operation of data centers which provide computing power. It operates through the Data Center Hosting Business and HPC Hosting Business segments. The Data Center Hosting Business segment provides energized infrastructure services to crypto mining customers. The HPC Hosting Business segment focuses on the designing, constructing, and operating data centers tailored to support high power density applications like HPC and AI. The company was founded by Wesley Carl Cummins and Jason Zhang in May 2001 and is headquartered in Dallas, TX.

ChairmanMr. Wesley Cummins

Chief Financial OfficerMr. Mohammad Saidal L. Mohmand

Chief Operating OfficerMs. Laura Laltrello

Co-Founder & PresidentMr. Jason Zhang

Chief Compliance Officer & General CounselMr. Mark Chavez

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Nottenburg Richard N	Director	Aug 04 '26	Sale	31.15	75,000	2,336,250	133,378	Aug 06 04:52 PM
RICHARD N NOTTENBURG	Director	Aug 04 '26	Proposed Sale	31.15	75,000	2,336,108		Aug 04 04:20 PM
Nottenburg Richard N	Director	Apr 30 '26	Sale	34.59	12,500	432,375	208,378	Apr 30 04:56 PM
Nottenburg Richard N	Director	Apr 28 '26	Sale	32.00	12,500	400,000	220,878	Apr 30 04:56 PM
RICHARD N NOTTENBURG	Director	Apr 30 '26	Proposed Sale	34.59	12,500	432,396		Apr 30 04:07 PM
MILLER DOUGLAS S	Director	Apr 27 '26	Sale	34.98	10,000	349,800	184,859	Apr 28 05:24 PM
RICHARD N NOTTENBURG	Director	Apr 28 '26	Proposed Sale	32.00	12,500	400,000		Apr 28 04:09 PM
DOUGLAS MILLER	Director	Apr 27 '26	Proposed Sale	34.98	10,000	349,809		Apr 27 04:07 PM
HASTINGS CHUCK	Director	Jan 29 '26	Sale	38.57	45,987	1,773,719	388,372	Jan 30 05:05 PM
HASTINGS CHUCK	Director	Jan 29 '26	Proposed Sale	38.76	100,000	3,876,000		Jan 29 02:42 PM
Cummins Wes	CEO; Chairman	Jan 16 '26	Sale	36.42	165,000	6,009,300	4,176,329	Jan 16 05:23 PM
WES CUMMINS	Officer	Jan 16 '26	Proposed Sale	36.42	165,000	6,009,052		Jan 16 05:00 PM
Nottenburg Richard N	Director	Jan 15 '26	Sale	35.45	12,000	425,400	233,378	Jan 16 04:16 PM
Nottenburg Richard N	Director	Jan 14 '26	Sale	35.28	11,606	409,460	245,378	Jan 16 04:16 PM
RICHARD N NOTTENBURG	Director	Jan 15 '26	Proposed Sale	35.45	12,000	425,406		Jan 15 04:30 PM
MILLER DOUGLAS S	Director	Jan 12 '26	Sale	38.54	10,000	385,400	200,859	Jan 14 04:27 PM
RICHARD N NOTTENBURG	Director	Jan 14 '26	Proposed Sale	35.28	11,606	409,482		Jan 14 04:05 PM
DOUGLAS MILLER	Director	Jan 12 '26	Proposed Sale	38.54	10,000	385,410		Jan 12 04:07 PM
MILLER DOUGLAS S	Director	Nov 28 '25	Sale	26.98	8,000	215,840	210,859	Dec 02 04:20 PM
DOUGLAS MILLER	Director	Nov 28 '25	Proposed Sale	26.98	8,000	215,840		Nov 28 01:05 PM
Benson Ella G.	Director	Nov 24 '25	Sale	23.22	8,581	199,251	68,422	Nov 25 04:11 PM
ELLA BENSON	Director	Nov 24 '25	Proposed Sale	21.09	8,581	180,973		Nov 24 04:22 PM
HASTINGS CHUCK	Director	Oct 29 '25	Sale	35.69	50,000	1,784,500	451,612	Oct 31 04:48 PM
HASTINGS CHUCK	Director	Oct 31 '25	Sale	34.27	25,000	856,750	426,612	Oct 31 04:48 PM
Benson Ella G.	Director	Oct 29 '25	Sale	35.30	42,569	1,502,686	69,256	Oct 31 04:43 PM
Nottenburg Richard N	Director	Oct 31 '25	Sale	35.91	9,375	336,656	249,237	Oct 31 04:32 PM
Nottenburg Richard N	Director	Oct 30 '25	Sale	34.80	5,000	174,000	258,612	Oct 31 04:32 PM
RICHARD N NOTTENBURG	Director	Oct 31 '25	Proposed Sale	35.91	9,375	336,626		Oct 31 04:07 PM
RICHARD N NOTTENBURG	Director	Oct 30 '25	Proposed Sale	34.80	5,000	173,992		Oct 30 04:20 PM
ELLA BENSON	Director	Oct 29 '25	Proposed Sale	35.30	42,569	1,502,549		Oct 29 04:08 PM
Mohmand Mohammad Saidal LaVanw	Chief Financial Officer	Oct 24 '25	Sale	34.08	100,000	3,408,000	158,912	Oct 28 05:11 PM
Mohmand Mohammad Saidal LaVanw	Chief Financial Officer	Oct 28 '25	Sale	36.47	37,503	1,367,734	121,409	Oct 28 05:11 PM
MOHAMMAD SAIDAL MOHMAND	Officer	Oct 28 '25	Proposed Sale	36.56	37,503	1,371,113		Oct 28 05:06 PM
Nottenburg Richard N	Director	Oct 24 '25	Sale	33.23	34,375	1,142,281	263,612	Oct 28 04:26 PM
HASTINGS CHUCK	Director	Oct 28 '25	Proposed Sale	35.08	200,000	7,016,000		Oct 28 04:17 PM
Lee Rachel H.	Director	Oct 24 '25	Sale	33.20	24,213	803,872	59,400	Oct 28 04:17 PM
MOHAMMAD SAIDAL MOHMAND	Officer	Oct 24 '25	Proposed Sale	33.23	100,000	3,323,000		Oct 24 05:10 PM
RACHEL LEE	Director	Oct 24 '25	Proposed Sale	33.20	24,213	803,753		Oct 24 05:03 PM
RICHARD N NOTTENBURG	Director	Oct 24 '25	Proposed Sale	33.23	34,375	1,142,281		Oct 24 04:23 PM

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APLD

Applied Digital Corp

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