WhiteFiber (NASDAQ:WYFI) Shares Down 19.6% After Earnings Miss

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) dropped 19.6% on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $25.15 and last traded at $24.1170. Approximately 642,413 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,075,842 shares. The stock had previously closed at $29.99.

The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The business had revenue of $21.92 million for the quarter. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis.

WhiteFiber News Summary

Here are the key news stories impacting WhiteFiber this week:

• Positive Sentiment: Needham & Company raised its price target on WhiteFiber to $38 from $36 and reiterated a buy rating, implying meaningful upside from the recent share price. Needham price target increase
• Positive Sentiment: BTIG Research also boosted its price target on WhiteFiber to $35 from $20, signaling increased confidence in the company’s growth outlook after the earnings release. BTIG price target increase
• Positive Sentiment: WhiteFiber’s first-quarter results showed revenue growth of about 31% year over year to $21.9 million, reflecting strong demand for its AI infrastructure and colocation services. Q1 revenue rises 31%
• Neutral Sentiment: Management highlighted strategic progress on its AI infrastructure platform and said adjusted EBITDA was positive, but the company is still reporting a net loss and continued heavy investment spending. Q1 2026 results
• Negative Sentiment: Despite the revenue surge, WhiteFiber missed earnings estimates, reporting a loss of $0.31 per share versus expectations for a $0.24 loss, which may temper enthusiasm around the rally. Earnings miss

Analyst Ratings Changes

Several equities analysts recently commented on WYFI shares. Cantor Fitzgerald raised their target price on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday. BTIG Research increased their price objective on WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. HC Wainwright cut their price objective on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 27th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. Finally, Needham & Company LLC upped their target price on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Institutional Trading of WhiteFiber

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fortress Investment Group LLC bought a new position in WhiteFiber in the 3rd quarter valued at $4,301,000. JPMorgan Chase & Co. bought a new stake in shares of WhiteFiber during the third quarter worth $2,718,000. Monashee Investment Management LLC bought a new stake in shares of WhiteFiber during the third quarter worth $9,645,000. Principal Financial Group Inc. acquired a new position in shares of WhiteFiber during the third quarter valued at $1,534,000. Finally, Clearfield Capital Management LP bought a new position in WhiteFiber in the third quarter valued at about $6,778,000.

WhiteFiber Stock Down 19.8%

The firm has a fifty day moving average of $16.25 and a 200-day moving average of $18.69. The firm has a market cap of $922.84 million and a P/E ratio of -21.17.

About WhiteFiber

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.