These Analysts Cut Their Forecasts On WhiteFiber Following Q4 Loss

Benzinga Earnings
03/28

WhiteFiber, Inc. (NASDAQ:WYFI) posted a wider loss for the fourth quarter on Thursday.

The New York-based company reported a Q4 GAAP loss per share of 67 cents, wider than the 18-cent loss estimate, while revenue of $23.561 million came in below the $23.791 million estimate.

Total revenue rose 61% year over year to $23.6 million, while net loss widened to $1.5 million from $1.0 million. Adjusted EBITDA increased to $5.8 million from $5.5 million.

"We completed our initial public offering, expanded our infrastructure platform, and began bringing new AI capacity online to support the rapidly growing demand for high-performance compute," CEO Sam Tabar said.

WhiteFiber shares fell 12.5% to trade at $10.63 on Friday.

These analysts made changes to their price targets on WhiteFiber following earnings announcement.

  • HC Wainwright & Co. analyst Kevin Dede maintained Whitefiber with a Buy and lowered the price target from $34 to $20.
  • Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $38 to $36.

Considering buying WYFI stock? Here’s what analysts think:

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10