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-1.74212992804597E-05 0.00172470862876943 0.00346683855681953 0.00695109841291953 -0.00234026120334733 -1.74212992804597E-05 0.00811251836495286 0.000563288676736103
Stock impact report

Why Planet Labs Stock Is Skyrocketing This Week [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
The company landed numerous new and expanded deals during the quarter as well. Now collaborating with Nvidia and Alphabet on different ideas, Planet Labs' future has never looked brighter. 10 stocks we like better than Planet Labs PBC › Shares of Earth observation leader Planet Labs (NYSE: PL) rocketed 38% higher this week as of 3 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence The data and insights provider delivered accelerating sales growth of 33% in its third-quarter earnings report on Wednesday while delivering a third-straight quarter of positive free cash flow Thanks to the company's faster growth, continued FCF generation, an array of new contracts, and a backlog that more than tripled from last year, the stock soared higher this week. Despite the government shutdown weighing on Planet Labs' civil government business unit -- which only grew sales by 1% -- the company's defense and intelligence unit saw revenue spike by 70%. Duri Show less Read more
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