We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cipher Mining Inc. (CIFR) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest market close, Cipher Mining Inc. (CIFR - Free Report) reached $6.08, with a +1% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.43% for the day. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.
Coming into today, shares of the company had gained 9.26% in the past month. In that same time, the Business Services sector gained 18.96%, while the S&P 500 gained 2.6%.
The investment community will be paying close attention to the earnings performance of Cipher Mining Inc. in its upcoming release. The company is slated to reveal its earnings on February 25, 2025. It is anticipated that the company will report an EPS of -$0.10, marking a 300% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $39.18 million, showing a 9.77% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Cipher Mining Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.5% increase. Cipher Mining Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 36% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cipher Mining Inc. (CIFR) Gains As Market Dips: What You Should Know
In the latest market close, Cipher Mining Inc. (CIFR - Free Report) reached $6.08, with a +1% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.43% for the day. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.
Coming into today, shares of the company had gained 9.26% in the past month. In that same time, the Business Services sector gained 18.96%, while the S&P 500 gained 2.6%.
The investment community will be paying close attention to the earnings performance of Cipher Mining Inc. in its upcoming release. The company is slated to reveal its earnings on February 25, 2025. It is anticipated that the company will report an EPS of -$0.10, marking a 300% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $39.18 million, showing a 9.77% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Cipher Mining Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.5% increase. Cipher Mining Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 36% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.