Profile
Sector:
TechnologyIndustry:
Computer HardwareCountry:
United StatesIPO:
22 April 2021Website:
http://www.rigetti.comNext earnings report:
14 March 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | 7 min agoDividend
Analysts recommendations
Institutional Ownership
RGTI Latest News
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Rigetti Computing focuses on quantum computing with superconducting qubit-based processors but faces financial challenges despite technological advancements. The company raised $12 million in Q3 2024 but still reported a $17.3 million operating loss, with $92.6 million in cash and securities. Rigetti aims to release a 36-qubit system in mid-2025 and a 100-qubit system by year-end, targeting a $7.5 billion market.
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants David Williams - The Benchmark Company Quinn Bolton - Needham and Company Brian Kinstlinger - Alliance Global Partners Craig Ellis - B. Riley Operator Good day.
BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2024 and business updates, including updates to its technology roadmap.
RGTI's third-quarter 2024 performance is expected to have benefited from advancements in quantum computing technology and expanded global partnerships.
In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.12, denoting a -0.88% change from the preceding trading day.
Rigetti Computing (RGTI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.21, denoting a -1.63% change from the preceding trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the most recent trading session, Rigetti Computing, Inc. (RGTI) closed at $0.78, indicating a -0.74% shift from the previous trading day.
What type of business is Rigetti Computing?
Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service. It also provides quantum cloud services that provides various range of support in programming, public or private clouds integration, and connectivity, as well as quantum operating system software that supports both public and private cloud architectures. In addition, the company offers professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. It has operations in the United States and the United Kingdom. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
What sector is Rigetti Computing in?
Rigetti Computing is in the Technology sector
What industry is Rigetti Computing in?
Rigetti Computing is in the Computer Hardware industry
What country is Rigetti Computing from?
Rigetti Computing is headquartered in United States
When did Rigetti Computing go public?
Rigetti Computing initial public offering (IPO) was on 22 April 2021
What is Rigetti Computing website?
https://www.rigetti.com
Is Rigetti Computing in the S&P 500?
No, Rigetti Computing is not included in the S&P 500 index
Is Rigetti Computing in the NASDAQ 100?
No, Rigetti Computing is not included in the NASDAQ 100 index
Is Rigetti Computing in the Dow Jones?
No, Rigetti Computing is not included in the Dow Jones index
When was Rigetti Computing the previous earnings report?
No data
When does Rigetti Computing earnings report?
The next expected earnings date for Rigetti Computing is 14 March 2025