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. 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