WhiteFiber (NASDAQ:WYFI) Shares Down 19.6% After Earnings Miss
by Jessica Moore · The Cerbat GemWhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report)’s share price traded down 19.6% during trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $25.15 and last traded at $24.1170. 642,413 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 1,075,842 shares. The stock had previously closed at $29.99.
The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The company had revenue of $21.92 million for the quarter. The business’s quarterly revenue was up 30.4% compared to the same quarter last year.
Trending Headlines about WhiteFiber
Here are the key news stories impacting WhiteFiber this week:
- Positive Sentiment: Needham & Company raised its price target on WhiteFiber to $38 from $36 and reiterated a buy rating, implying meaningful upside from the recent share price. Needham price target increase
- Positive Sentiment: BTIG Research also boosted its price target on WhiteFiber to $35 from $20, signaling increased confidence in the company’s growth outlook after the earnings release. BTIG price target increase
- Positive Sentiment: WhiteFiber’s first-quarter results showed revenue growth of about 31% year over year to $21.9 million, reflecting strong demand for its AI infrastructure and colocation services. Q1 revenue rises 31%
- Neutral Sentiment: Management highlighted strategic progress on its AI infrastructure platform and said adjusted EBITDA was positive, but the company is still reporting a net loss and continued heavy investment spending. Q1 2026 results
- Negative Sentiment: Despite the revenue surge, WhiteFiber missed earnings estimates, reporting a loss of $0.31 per share versus expectations for a $0.24 loss, which may temper enthusiasm around the rally. Earnings miss
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Cantor Fitzgerald increased their price target on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday. Needham & Company LLC lifted their price objective on WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. BTIG Research raised their target price on WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday. Finally, HC Wainwright decreased their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, WhiteFiber has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.
Get Our Latest Stock Report on WhiteFiber
Hedge Funds Weigh In On WhiteFiber
A number of large investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in WhiteFiber in the 4th quarter valued at approximately $30,000. Royal Bank of Canada grew its stake in shares of WhiteFiber by 108.2% during the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after acquiring an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of WhiteFiber in the fourth quarter worth $55,000. Finally, MetLife Investment Management LLC bought a new stake in shares of WhiteFiber in the fourth quarter worth $106,000.
WhiteFiber Stock Down 19.8%
The firm has a market cap of $922.84 million and a price-to-earnings ratio of -21.17. The company’s fifty day moving average is $16.25 and its 200 day moving average is $18.69.
WhiteFiber Company Profile
We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.