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CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration
CNBC· 2025-08-13 14:34
Core Points - CoreWeave's stock experienced a 14% decline following a larger-than-expected loss reported in its second quarterly financial results as a public company, with an adjusted loss of 27 cents per share compared to the 21-cent loss anticipated by analysts [1] - The expiration of the lock-up period after CoreWeave's initial public offering is expected to introduce volatility to the shares, as insiders will be allowed to sell their shares [2] - Analysts at Stifel expressed a long-term constructive outlook but noted that near-term upside may be limited due to potential dilution related to CORZ and the upcoming lock-up expiration [3] - For the current quarter, CoreWeave projects revenue between $1.26 billion and $1.30 billion, slightly above the $1.25 billion forecast by analysts, and has raised its 2025 revenue guidance to a range of $5.15 billion to $5.35 billion, up from the previous forecast of $4.9 billion to $5.1 billion [4]
CoreWeave stock climbs after company announces $1.5 billion bond sale
CNBC· 2025-07-21 13:06
CoreWeave's Financial Moves - CoreWeave plans to sell $1.5 billion worth of bonds, with the notes due in 2031, to fund general purposes including debt repayment [1] - Following the announcement of the bond sale, CoreWeave's stock rose more than 1% [1] Previous Financial Activities - In May, CoreWeave announced a $2 billion debt offering plan, which resulted in a 19% increase in shares, and the debt was five times oversubscribed [2] - Recently, shares rallied after the announcement of a $6 billion AI data center project in Pennsylvania [2]