PLTR - 1 Crucial Number From Palantir That Investors Are Ignoring
2024-05-14 05:55:00 ET
Palantir Technologies (NYSE: PLTR) has been around for about 20 years, growing revenue primarily thanks to contracts with governments during most of that time. But over the past couple of years, this software company's commitment to artificial intelligence (AI) and increasing its business with companies has supercharged growth.
In the most recent quarter, it generated double-digit revenue gains and the biggest quarterly profit in the company's history.
The news didn't boost the stock, though. As a matter of fact, Palantir shares have dipped 17% over the past three months. Investors might have been disappointed by the company's full-year revenue guidance, which fell short of certain estimates.
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1 Crucial Number From Palantir That Investors Are Ignoring