$CBRS The stock’s contracts were first slammed, then bought back up after the earnings report.
The 15-minute candle at 05:00 had a low of 93.63 and a high of 114.43—a 22% swing. It’s now around 115, about 18% above the underlying stock’s close of 97.75.
▪️ Q3 core revenue was $231 million, versus expectations of about $215 million
▪️ Q4 guidance was $310–330 million, versus expectations of about $270 million
▪️ Full-year guidance was raised from $880–890 million to $940–960 million
Loss per share widened to $0.67, but the market is more focused on the guidance and the newly signed deal with Microsoft.
Contract open interest went from 95,000 to 100,000 and then back to 98,000. The funding rate is zero, so the increase in positions isn’t particularly aggressive. The stock is down nearly half since listing; this looks more like a recovery to me. Whether it can hold above 110 at Friday’s open will be key.
#CBRS #USEarnings
The 15-minute candle at 05:00 had a low of 93.63 and a high of 114.43—a 22% swing. It’s now around 115, about 18% above the underlying stock’s close of 97.75.
▪️ Q3 core revenue was $231 million, versus expectations of about $215 million
▪️ Q4 guidance was $310–330 million, versus expectations of about $270 million
▪️ Full-year guidance was raised from $880–890 million to $940–960 million
Loss per share widened to $0.67, but the market is more focused on the guidance and the newly signed deal with Microsoft.
Contract open interest went from 95,000 to 100,000 and then back to 98,000. The funding rate is zero, so the increase in positions isn’t particularly aggressive. The stock is down nearly half since listing; this looks more like a recovery to me. Whether it can hold above 110 at Friday’s open will be key.
#CBRS #USEarnings