CBRS — Cerebras Systems Inc. - Class A Common Stock
Session close: $108.72. Regular-session share volume: 32,823,962. Change from previous close: +11.22%.
Key developments
Cerebras Systems reported third-quarter results that missed consensus estimates on both earnings per share and GAAP revenue, though core revenue set a record and cloud revenue grew sharply year over year. The company raised its full-year revenue outlook well above analyst estimates, and shares rose on the upbeat forward guidance.
Company mentioned — Mentions CBRS in the article text. Cerebras Stock Jumps on Q3 Cloud Revenue Up 265%, Raised Outlook (CORRECTED) · Company news Cerebras Systems Shares Rise on Upbeat Q4 Guidance and Upgraded Full-Year Outlook · Company news CBRS Q3 Earnings Beat Estimates, Revenues Rise on Strong Cloud Growth
The chipmaker also unveiled new deals with Oracle and Microsoft, while a key investor concern remains a rollout delay in its contract with OpenAI. Analysts adjusted targets following the update: Citigroup and Mizuho cut their targets while maintaining Buy and Outperform ratings, and Wedbush raised its target while keeping Outperform.
Company mentioned — Mentions CBRS in the article text. Cerebras Soars on Sales; Cisco Down on Expectations Miss | Stock Movers · Company news Analysts Adjust Price Targets for Cerebras Systems Following Recent Financial Updates · Company news Mizuho Adjusts Price Target on Cerebras Systems
Coverage framed the results as a sign the AI trade may be regaining momentum, with Cerebras extending its post-earnings rally.
Company mentioned — Mentions CBRS in the article text. 3 signs the AI trade is back · Market context — Mentions CBRS in the article text. Options Bulls Target 2 Rallying AI Infrastructure Stocks
News sources
Company news Mizuho Maintains Outperform on Cerebras Systems, Lowers Price Target to $240 · Company news UBS Maintains Buy on Cerebras Systems, Lowers Price Target to $155 · Company news CBRS Q3 Earnings Beat Estimates, Revenues Rise on Strong Cloud Growth · Company news Analysts Adjust Price Targets for Cerebras Systems Following Recent Financial Updates · Company news Cerebras Systems Shares Rise on Upbeat Q4 Guidance and Upgraded Full-Year Outlook · Company news Mizuho Adjusts Price Target on Cerebras Systems