These Analysts Revise Their Forecasts On Cerebras Systems Following Q2 Results

Benzinga Earnings
08/13

Cerebras Systems Inc (NASDAQ:CBRS) on Wednesday reported worse-than-expected quarterly sales.

Cerebras Systems reported GAAP quarterly losses of $2.98 per share, according to Benzinga Pro data. Quarterly revenue came in at $180.11 million which missed the Street estimate of $194.2 million by 7.26%.

"This was an outstanding quarter for Cerebras. Core revenue more than doubled to $210 million, and our cloud business nearly quadrupled year-over-year," said Andrew Feldman, Cerebras co-founder and CEO.

Cerebras Systems shares dipped 17.6% to $215.98 in pre-market trading.

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

  • Morgan Stanley analyst Joseph Moore maintained the stock with an Overweight rating and raised the price target from $273 to $279.
  • Mizuho analyst Vijay Rakesh maintained the stock with an Outperform rating and lowered the price target from $310 to $300.
  • Wedbush analyst Matt Bryson maintained the stock with an Outperform rating and raised the price target from $280 to $290.

Considering buying CBRS 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