CBRS: Cerebras Stock Nears All-Time Low After First Earnings Report Goes Bad
Summary
Cerebras reported its first earnings as a public company and posted strong growth, with revenue up 94% year over year to $193 million. The company also cut its adjusted operating loss to $3.5 million, but investors still sold the stock after-hours. Attention shifted to margin pressure tied to a $20 billion service agreement with OpenAI and to the need to rent equipment and redirect server capacity. The stock remains volatile near its post-IPO lows as insider lockups approach.
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Cerebras
$50M to $100M