BUZZ-CoreWeave falls after raising lower end of annual capex forecast

CoreWeave

CoreWeave

CRWV

0.00

** Shares of cloud infrastructure company CoreWeave CRWV.O fall ~9% to $117.50 premarket

** Co raises the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components

** Expects Q2 rev in the range of $2.45 billion to $2.6 billion, below analysts' estimate of $2.69 billion

** 23 of 36 brokerages rate the stock "Buy" or higher, 11 "Hold", and two "Sell" or lower; their median PT is $137.50 - data compiled by LSEG

** Up to last close, stock gained ~80% YTD