Applied Digital Corporation will discuss Q2 fiscal results on January 14, 2025, during a conference call.
Quiver AI Summary
Applied Digital Corporation, a company specializing in next-generation digital infrastructure for High-Performance Computing (HPC) applications, will hold a conference call on January 14, 2025, at 5:00 p.m. Eastern Time to discuss its fiscal second-quarter results ending November 30, 2024. A press release with these results will be shared after the market closes on the same day. The call will include prepared remarks from management followed by a Q&A session, and participants are encouraged to dial in approximately 10 minutes early. Additionally, the call will be available for replay afterward. Applied Digital focuses on building and operating advanced data centers and cloud infrastructure tailored for AI, machine learning, blockchain, and other demanding workloads. The release also includes warnings about forward-looking statements concerning the Company's future performance and potential risks.
Potential Positives
- Applied Digital Corporation is hosting a conference call to discuss its fiscal second quarter financial results, indicating transparency and communication with investors.
- The scheduled call on January 14, 2025, showcases the company's commitment to sharing timely updates on operational and financial performance.
- The forthcoming press release will offer insights into the company's recent achievements and strategic direction, which may positively influence investor confidence.
- Applied Digital's focus on next-generation digital infrastructure for High-Performance Computing and AI workloads aligns with growing market demand, highlighting potential for future growth.
Potential Negatives
- The press release highlights significant uncertainties regarding the company's future operational and financial performance, emphasizing that actual results could materially differ from expectations due to various risks and uncertainties.
- Specific risks mentioned include potential issues with the completion of the Ellendale HPC data center, which could impact the company's growth and operations.
- There is a concern regarding the ability to secure financing and maintain third-party relationships, which could further hinder the company's ability to execute its business strategy effectively.
FAQ
What is the date of Applied Digital's upcoming conference call?
Applied Digital's conference call is scheduled for Tuesday, January 14, 2025.
What time will the conference call take place?
The conference call will be held at 5:00 p.m. Eastern Time.
How can I access the conference call?
You can access the conference call by dialing 1-877-407-0792 or 1-201-689-8263.
Will there be a replay of the conference call available?
Yes, a replay of the call will be available from January 14, 2025, at 8:00 p.m. Eastern Time until January 28, 2025.
Who should I contact for investor relations inquiries?
You can contact Matt Glover or Ralf Esper at Gateway Group, Inc. at (949) 574-3860.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$APLD Insider Trading Activity
$APLD insiders have traded $APLD stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $APLD stock by insiders over the last 6 months:
- WES CUMMINS (CEO; Chairman) sold 200,000 shares.
- RICHARD N NOTTENBURG has traded it 4 times. They made 0 purchases and 4 sales, selling 179,369 shares.
- DOUGLAS S MILLER has traded it 2 times. They made 0 purchases and 2 sales, selling 20,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$APLD Hedge Fund Activity
We have seen 122 institutional investors add shares of $APLD stock to their portfolio, and 67 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NVIDIA CORP added 7,716,050 shares (+inf%) to their portfolio in Q3 2024
- CLEARFIELD CAPITAL MANAGEMENT LP added 7,611,770 shares (+171.0%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 6,654,057 shares (+695.8%) to their portfolio in Q3 2024
- DIAMETER CAPITAL PARTNERS LP added 6,327,161 shares (+inf%) to their portfolio in Q3 2024
- EQUITEC PROPRIETARY MARKETS, LLC removed 4,228,125 shares (-100.0%) from their portfolio in Q2 2024
- HOOD RIVER CAPITAL MANAGEMENT LLC added 4,086,337 shares (+42.6%) to their portfolio in Q3 2024
- SONA ASSET MANAGEMENT (US) LLC added 3,641,158 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal second quarter ended November 30, 2024. A press release detailing these results will be issued after the market closes on the same day.
Applied Digital management will provide prepared remarks, followed by a question-and-answer period.
Date: Tuesday, January 14, 2025
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Participant Dial-In: 1-877-407-0792 or 1-201-689-8263
Conference ID: 13750721
The conference call will be broadcast live and available for replay here .
Please call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have difficulty connecting with the conference call, please get in touch with Applied Digital’s investor relations team at 1-949-574-3860.
A replay of the call will be available from 8:00 p.m. Eastern Time on January 14, 2025, through Tuesday, January 28, 2025, at 11:59 p.m. Eastern Time.
Replay Dial-In: 1-844-512-2921 or 1-412-317-6671
Access ID: 13750721
About Applied Digital
Applied Digital (Nasdaq: APLD) develops, builds and operates next-generation data centers and cloud infrastructure. Different by design, the Company’s purpose-built facilities are engineered to unleash the power of accelerated compute and deliver secure, scalable and sustainable digital hosting, along with turnkey CSaaS and GPU-as-a-Service solutions. Backed by deep hyperscale expertise and a robust pipeline of available power, Applied Digital aims to accommodate AI Factories and beyond to support the world’s most exacting AI/ML, blockchain and high-performance computing (HPC) workloads.
Forward-Looking Statements
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as "will," "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," and "predict." Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. These risks, uncertainties, and other factors include: our ability to complete construction of the Ellendale HPC data center; availability of financing to continue to grow our business, our ability to timely and successfully build new hosting facilities with the appropriate contractual margins and efficiencies; power or other supply disruptions and equipment failures; the inability to comply with developments and changes in regulation; cash flow and access to capital; decline in demand for our products and services; and maintenance of third-party relationships. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.
Investor Relations Contacts
Matt Glover and Ralf Esper
Gateway Group, Inc.
(949) 574-3860
[email protected]
Media Contact
Buffy Harakidas, EVP and Jo Albers
JSA (Jaymie Scotto & Associates)
(856) 264-7827
[email protected]