Movement Alert｜Cerebras Systems Intraday Rise 12.48% in Regular Trading, Raised Full-Year Guidance and Microsoft Cloud Deal Support Shares

Market Focus11-13 22:30

On November 13, Cerebras Systems rose 12.48% in Regular Trading, trading at $109.38/share, with turnover of $319 million.

The move was supported by the company’s latest quarterly report, which showed stronger revenue growth, a higher full-year core revenue outlook, and a new Microsoft cloud partnership that reinforced expectations for cloud expansion and order conversion.

For the third quarter, Cerebras reported total revenue of about $210.8 million, up 55.15% year over year, while cloud and other services revenue surged about 264.67% to $142 million. The company raised full-year core revenue guidance to $940 million-$960 million from $880 million-$890 million, guided fourth-quarter core revenue to $310 million-$330 million, and disclosed remaining performance obligations of $26.1 billion as of September 30. Management also said it had completed partnerships with Amazon, Oracle, and Microsoft within six months, adding to optimism around hyperscaler demand.

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