** Shares of data center operator Applied Digital rise 2.1% to $7.55 in volatile trading
** APLD's Q1 revenue up 67% from a year earlier to $60.7 mln vs analysts' average estimate of $54.9 mln - LSEG data
** Craig-Hallum raises PT on APLD to $12 from $10, which represents an upside of ~62% to stock's last close
** APLD posts Q1 adj loss of 15 cents per share vs estimates of 29 cents per share
** Increase in revenues was primarily driven by cloud services business segment - co
** APLD names Saidal Mohmand as its new CFO, effective Oct 14
** Up to last close, stock had risen ~10% YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; ))
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