Is CoreWeave Stock a Buy on the Dip as Revenue Continues to Skyrocket?

Shares of CoreWeave (NASDAQ: CRWV) sank following the company's first-quarter earnings announcement despite the neocloud company reporting another quarter of massive revenue growth and a swelling backlog. However, its adjusted earnings-per-share (EPS) loss was more than anticipated, and its Q2 guidance fell short of expectations. The stock is still up more than 60% year to date as of this writing.Let's dive into CoreWeave's results to see if this dip in the growth stock is a buying opportunity.CoreWeave once again saw its revenue more than double, climbing 112% to $2.08 billion from $982 million a year ago. That came in ahead of the $1.97 billion analyst consensus, as compiled by LSEG. However, its adjusted EPS loss grew to $1.12 and was wider than the $0.91 loss analysts had expected. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool