On May 28, Palantir said it was awarded a contract from the United States Special Operations Command (USSOCOM) valued at $111 million. Palantir is expected to turn its first annual profit this year. On May 11, the company notched its first quarterly profit of 4 cents per adjusted share on revenue of $341.2 million. Earnings met, while sales rose 49% year over year and topped views for $332.2 million. It recently began accepting Bitcoin as payment and may invest in the cryptocurrency.
IMPORTANT:
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Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
Always make your analysis of your own before your trade.
If you find useful my analysis, please hit the LIKE button and follow me.