Palantir Technologies Posts Mixed Earnings Results

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Palantir Technologies($NYSE:PLTR), a data mining and analysis company, posted mixed earnings results on August 8th. Revenue grew 26% year-over-year (YoY), but cash from operations was only $62 million and adjusted free cash flow was $61 million. US revenue grew 45% YoY, but US commercial revenue only grew 120%. The results were disappointing to some investors, but it’s unclear if this will have a long-term effect on Palantir’s market performance and earnings. The company is still growing rapidly and has a strong foothold in the data mining and analysis market.

Market Reaction

Despite the mixed results, the stock opened at $9.5 and closed at $9.6 on Wednesday, up by 3.7% from its previous closing price of $9.2. The company’s stock has been volatile in recent months, but Wednesday’s results seem to have given investors some confidence.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on PALANTIR TECHNOLOGIES are made simple by VI app. Based on VI Star Chart PALANTIR TECHNOLOGIES is strong in asset, growth, and weak in dividend, profitability. PALANTIR TECHNOLOGIES has an intermediate health score of 6/10 with regard to its cashflows and debt, might be able to safely ride out any crisis without the risk of bankruptcy. PALANTIR TECHNOLOGIES is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

However, the data analytics company’s stock price was up 3.7% in after-hours trading following the release of its earnings results.