Stock Track | Cellebrite Soars 9% Pre-Market on Strong Q3 Results, Raised 2024 Outlook

Stock Track

2024/11/06

Shares of Cellebrite DI Ltd. (NASDAQ:CLBT) surged over 9% in pre-market trading on Monday, after the digital intelligence company reported better-than-expected results for the third quarter of 2024 and raised its full-year outlook.

For Q3, Cellebrite posted adjusted earnings of $0.14 per share, beating analysts' consensus estimate of $0.09 by a wide margin. Revenue came in at $106.86 million, up nearly 27% year-over-year and surpassing expectations of $101.93 million.

Buoyed by the strong quarterly performance, Cellebrite raised its revenue guidance for the full year 2024 to a range of $397 million to $401 million, up from its prior outlook. The company also lifted its adjusted EBITDA forecast for the year.

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(NASDAQ:CLBT) surged over 9% in pre-market trading on Monday, after the digital intelligence company reported better-than-expected results for the third quarter of 2024 and raised its full-year outlook.</p>\n\n<p>For Q3, Cellebrite posted adjusted earnings of $0.14 per share, beating analysts' consensus estimate of $0.09 by a wide margin. Revenue came in at $106.86 million, up nearly 27% year-over-year and surpassing expectations of $101.93 million.</p>\n\n<p>Buoyed by the strong quarterly performance, Cellebrite raised its revenue guidance for the full year 2024 to a range of $397 million to $401 million, up from its prior outlook. The company also lifted its adjusted EBITDA forecast for the year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLBT","symbol_name":"Cellebrite","start_time":0,"source_url":"","article_id":"1170260910","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170260910","pubTimestamp":1730898505,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Cellebrite DI Ltd.  surged over 9% in pre-market trading on Monday, after the digital intelligence company reported better-than-expected results for the third quarter of 2024 and raised its full-year outlook.For Q3, Cellebrite posted adjusted earnings of $0.14 per share, beating analysts' consensus estimate of $0.09 by a wide margin. 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