$CBRS

Cerebras Systems Insider Sold Shares Worth $6,116,197, According to a Recent SEC Filing

Dhiraj Mallick, Chief Operating Officer, on June 25, 2026, sold 36,131 shares in Cerebras Systems (CBRS) for $6,116,197. Following the Form 4 filing with the SEC, Mallick has control over a total of 33,314 Class A common shares of the company, with 33,314 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2021728/000162828026046040/xslF345X05/wk-form4_1782766285.xml

Cerebras Systems Insider Sold Shares Worth $5,936,180, According to a Recent SEC Filing

Dhiraj Mallick, Chief Operating Officer, on June 25, 2026, sold 33,314 shares in Cerebras Systems (CBRS) for $5,936,180.SEC Filing:https://www.sec.gov/Archives/edgar/data/2021728/000162828026046042/xslF345X05/wk-form4_1782766424.xml

Cerebras Systems Insider Sold Shares Worth $3,113,283, According to a Recent SEC Filing

Andrew D. Feldman, Director, CEO, President, on June 25, 2026, sold 17,990 shares in Cerebras Systems (CBRS) for $3,113,283.SEC Filing:https://www.sec.gov/Archives/edgar/data/2021728/000162828026046034/xslF345X05/wk-form4_1782766060.xml

Cerebras Systems Insider Sold Shares Worth $1,042,704, According to a Recent SEC Filing

Yagnesh Patel, Chief Accounting Officer, on June 25, 2026, sold 6,079 shares in Cerebras Systems (CBRS) for $1,042,704. Following the Form 4 filing with the SEC, Patel has control over a total of 4,000 Class A common shares of the company, with 4,000 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2021728/000162828026046035/xslF345X05/wk-form4_1782766110.xml

Sectors81d ago

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks declined late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.8%.The Philadelphia Semiconductor index shed 1.8%.In corporate news, Alphabet's (GOOGL) Google is poised to lose two leading AI researchers to rival Anthropic, Bloomberg reported. The two researchers, Jonas Adler and Alexander Pritzel, are viewed internally as critical contributors to the tech giant's Gemini AI model, the report said. Alphabet shares were down 0.4%.Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Cerebras shares fell about 18%.Paychex (PAYX) on Wednesday issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. Its shares dropped 1.7%.Broadcom (AVGO) said Wednesday that it and OpenAI unveiled Jalapeno, OpenAI's first Intelligence Processor, an AI accelerator designed for large language model inference. Broadcom shares were shedding 0.5%.

$AVGO$CBRS$GOOGL$PAYX

Top Midday Decliners

Toyo (TOYO) said Wednesday it entered into definitive agreements to sell roughly 4.6 million ordinary shares alongside matching purchase warrants in a registered direct offering.Shares sank 39%, following a surge in intraday trading volume to over 3.83 million from a daily average of over 392,000.Hertz Global (HTZ) said Wednesday in a regulatory filing that "current unexpected softness" in used cars led it to realize losses on vehicle sales in May, adversely impacting net depreciation per unit per month in Q2.Shares slumped 35% as intraday trading volume soared to about 51.2 million from a daily average of over 10.5 million.Cerebras Systems (CBRS) reported a narrower Q1 net loss late Tuesday but missed the average analyst estimate compiled by FactSet.Shares declined 17% as intraday trading volume jumped to over 15.8 million from a daily average of about 7.88 million.Price: $7.96, Change: $-4.97, Percent Change: -38.44%

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Sectors81d ago

Sector Update: Tech Stocks Fall in Afternoon Trading

Tech stocks declined Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 3.7%.The Philadelphia Semiconductor index dropped 1.7%.In corporate news, Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Cerebras shares fell past 17%.Paychex (PAYX) on Wednesday issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. Its shares dropped 2.4%.Broadcom (AVGO) said Wednesday that it and OpenAI unveiled Jalapeno, OpenAI's first Intelligence Processor, an AI accelerator designed for large language model inference. Broadcom shares were fractionally higher.

$AVGO$CBRS$PAYX

Sectors81d ago

Sector Update: Tech

Tech stocks declined Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.3%.The Philadelphia Semiconductor index dropped 1%.In corporate news, Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Cerebras shares fell 16%.

Update: Wedbush Raises Price Target on Cerebras Systems to $280 From $270 on Better-Than-Expected Results, Keeps Outperform Rating

(Updates with analyst commentary.)Wedbush raised Cerebras Systems' (CBRS) price target to $280 from $270 citing revenue, gross margins and hardware sales that exceeded expectations in Q1.The firm was also able to charge higher pricing on its cloud service amid strong demand for its products, analysts Matt Bryson and Antoine Legault wrote in a Wednesday note.Additionally, the new forthcoming products such as the WSE-4 chip, incremental data center capacity and continued strong AI demand, all improve confidence in the company's long-term earnings potential, the analysts mentioned.Cerebras has an average rating of buy and mean price target of $296.30, according to analysts polled by FactSet.Price: $187.35, Change: $-39.37, Percent Change: -17.37%

Morgan Stanley Adjusts Price Target on Cerebras Systems to $273 From $250, Maintains Overweight Rating

Cerebras Systems (CBRS) has an average rating of buy and mean price target of $299.30, according to analysts polled by FactSet.Price: $187.45, Change: $-39.27, Percent Change: -17.32%

Cerebras has Several Potential Catalysts for Further Upside, Wedbush Says

Cerebras Systems (CBRS) reported relative upside to initial expectations, and although there were no surprises, several potential future catalysts could drive further upside, Wedbush Securities said in a note Wednesday.The company reported modest upside to revenue and margins, driven by hardware sales exceeding the investment firm's expectations and higher cloud service pricing due to strong demand, according to the note.The upside seems to carry into Q2 guidance, with revenue outperforming Wedbush's estimate by a similar magnitude. While gross margins are expected to contract as OpenAI revenue ramps up, the decline is less pronounced than the brokerage had previously modeled, creating upside through 2026, the note added.Wedbush believes new products with improved performance, higher prices and margins, additional data center capacity, and strong demand for AI products could provide potential upside to its model, according to the note.Wedbush kept an outperform rating on Cerebras and raised the price target to $280 from $270.Shares of Cerebras were down 16% in Wednesday trading.Price: $189.63, Change: $-37.09, Percent Change: -16.36%

US Markets81d ago

Cerebras' Robust First-Quarter Results, Potential Upside Catalysts to Drive High Expectations, Wedbush Says

Cerebras Systems (CBRS) reported better-than-expected first-quarter core revenue and margin, while there are various potential catalysts that could drive Wedbush Securities' expectations for the artificial intelligence chipmaker, it said in a Wednesday client note.The company late Tuesday posted core revenue of $191.3 million for the quarter ended March, representing a year over year jump of 92%, topping the FactSet-polled consensus of $181.2 million. Core margin came in at 46.5%, compared with Wedbush's forecast of 44%.Cerebras, which went public in May, anticipates core revenue of about $194 million for the ongoing three-month period and expects the metric to come in between $855 to $865 million for the 2026 full year. The Street is looking for sales of $182.5 million for the second quarter and $850.2 million for 2026.The firm's results and outlook validated Wedbush's confidence that senior management will "look to handle earnings and guidance in a predictable manner including setting achievable/beatable targets," it said in the note. High prices of the firm's cloud service also signifies the value of the demand for its products and offerings, according to the brokerage.The brokerage reiterated its outperform rating on Cerebras' stock and lifted its price target on the company to $280 from $270. The firm's shares fell 8.9% in the most recent premarket activity.In March, Cerebras agreed a multi-year partnership with Amazon's (AMZN) Amazon Web Services to deliver the fastest AI inference service in cloud platforms. Earlier in the year, the company announced a multi-year deal with OpenAI worth more than $20 billion to deploy 750 megawatts of its high-speed inference compute over the next several years."We continue to see numerous potential catalysts ahead that could/ should drive upside to our expectations, while Cerebras's OpenAI and Amazon deals significantly limit any probability Cerebras disappoints," Wedbush analyst Matt Bryson wrote in the note.Additionally, beyond the OpenAI and Amazon deals, the company's forthcoming products, incremental data center capacity and continued strong demand for AI all create potential upside to the brokerage's model.Wedbush continues to believe 2028 will be the "appropriate" year to evaluate Cerebras as its financials begin to normalize following the initial ramp to support Open AI.

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International81d ago

Update: US Equity Futures Edge Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Fall

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures edged higher pre-bell Wednesday as technology stocks rebounded after a broad sell-off in the sector, and oil prices continued to decline.S&P 500 futures were up 0.2%, Nasdaq futures were 0.4% higher, and Dow Jones Industrial Average futures were steady.Micron Technology (MU) stock was up 3.8% in premarket activity after falling 13% on Tuesday. The company is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.President Donald Trump, in a post on Truth Social, called out oil companies for not lowering gasoline pump prices amid the recent drop in crude prices and said he has instructed the US Department of Justice to look into the issue. "Gasoline prices better start going down a lot faster than what I'm seeing!" Trump said.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.8% at $74.64 per barrel and US West Texas Intermediate crude 2.9% lower at $71.07 per barrel.May new home sales, due at 10 am ET, are seen at 640,000, up from 622,000 previously, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, shares of AMD (AMD), Intel (INTC), ARM (ARM) were higher as part of a wider rebound in technology stocks. AMD shares rose 0.8%, Intel stock was up 1%, and ARM shares were 3% higher.On the losing side, BHP (BHP) stock was down 1.7% after Australian labor unions representing Port Hedland workers said that they have not yet reached an agreement with the company on wages and working conditions. FedEx (FDX) shares fell 6.1% after the company provided a calendar-year earnings outlook below analysts' consensus. Cerebras Systems (CBRS) stock was down more than 9% after the company posted a worse-than-expected Q1 net loss.

Wire82d ago

Cerebras Systems Q1 Net Loss Narrows, Revenue Rises; Shares Fall After Hours

Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from the loss of $0.46 a year earlier.Analysts polled by FactSet expected a loss of $0.16.Revenue in the three months ended March 31 rose to $193.4 million from $99.5 million a year earlier.Analysts expected $181.2 million.The company expects Q2 non-GAAP revenue of about $194 million. Analysts project $177.7 million.Cerebras expects full-year non-GAAP revenue of $855 million to $865 million. Analysts forecast $828 million.Cerebras shares fell 7.6% in after-hours trading.

Dow JonesNasdaq CompositeS&P 500$CBRS$CCL$DRI$FDX$MU$PAYX$TCOM

Wire83d ago

Cerebras Systems' Q1 Outlook Hinges on Supply, Market Share Gains, Wedbush Says

Cerebras Systems' (CBRS) Q1 results versus expectations will likely depend on supply dynamics and early traction in the AI accelerator market, Wedbush Securities said Monday in a report.Wedbush cited several potential sources of upside, including the possibility of higher-than-expected wafer output from Taiwan Semiconductor Manufacturing (TSM), which could support stronger system shipments, and the expected launch of its next-generation WSE-4 processor in late 2026 or early 2027, which may provide additional revenue and margin benefits."However, ultimately, Cerebras's success will be less about near-term upside and more about building meaningful share in the rapidly expanding AI accelerator market," the report said.The company is set to release its Q1 results on Tuesday.Several industry trends appear supportive, including continued growth in AI inference demand, potential production upside from TSMC that may enable additional customers, and ongoing memory supply constraints that may strengthen Cerebras's competitive position in the intermediate term, the report said.Wedbush has an outperform rating on Cerebras stock with a $270 price target.Cerebras shares fell 1.8% in Monday trading, and TSMC rose 1%.Price: $230.43, Change: $-4.28, Percent Change: -1.82%

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Asia Markets84d ago

US Equity Investors to Watch Out for Micron Technology's Earnings, PCE Inflation, Iran Peace Talks This Week

US equity investors will focus this week on quarterly earnings from Micron Technology (MU) and inflation, while keeping a close eye on progress in talks between Iran and the US.* Earnings due this week include Micron Technology (MU), FedEx (FDX), Cerebras Systems (CBRS), Carnival (CCL), Trip.com (TCOM), Darden Restaurants (DRI), and Paychex (PAYX).* Looking ahead to Q2, consensus estimates call for earnings growth of more than 22%, according to a note from DA Davidson late Thursday. All of the S&P 500 constituents have reported Q1 results. Earnings surged almost 29% year-over-year, versus nearly 13% expected as of March 31, the strongest growth since Q4 2021. Information technology and communication services led the growth. Health Care was the only sector to see earnings fall in Q1.* Macroeconomic data due this week includes personal consumption expenditures, or PCE, price index, final read on Q1 gross domestic product, ADP employment change, S&P global composite PMI, durable goods orders, and Michigan consumer sentiment final, as well as inflation expectations.* "We used to think [PCE] was the Federal Reserve's favourite inflation gauge but now we're less sure given the arrival of a new Chair [Kevin Warsh] who launched five taskforces this past week including one to look at different measures of inflation," a Scotiabank note said late Thursday.* The US and Iran agreed to create a "de-confliction cell," facilitated by Qatar and Pakistan to ensure the end of military operations in Lebanon, CNN cited mediators in a news report early Monday. Fighting between Israel and Iran-backed Hezbollah has been a key obstacle to a deal, with Tehran insisting that deadly Israeli strikes must stop.* Iran's foreign minister, Abbas Araghchi, said sanctions on Tehran's oil were waived and some of its frozen assets released, CNN reported. Araghchi was also cited as saying a "reconstruction and development plan" was launched.

Research97d ago

Craig-Hallum Initiates Cerebras Systems at Buy With $325 Price Target

Cerebras Systems (CBRS) has an average rating of buy and mean price target of $294, according to analysts polled by FactSet.