Cerebras Systems shares surge over 16% on raised revenue guidance and Q3 results
CBRS Cerebras Systems Inc
$97.75 -3.29%
View chart & analysis → - 1Cerebras Systems Inc shares rose more than 16% in Thursday after-hours trading.
- 2Cerebras Systems Inc achieved Q3 revenue of $210.8 million, marking a 55% year-over-year increase.
- 3CEO Andrew Feldman expects revenue to triple by 2027.
So what's the key point?
Cerebras Systems Inc earned 55% more revenue in the last third quarter compared to last year. The stock price rose significantly because revenue is expected to increase much more in the future.
Source Investing.com +2 · View original ↗
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