Market Insights: Cboe Global Markets and Applied Digital Updates
Chicago, IL – June 24, 2026 – Zacks Equity Research identifies Cboe Global Markets (CBOE) as the “Bull of the Day” and Applied Digital (APLD) as the “Bear of the Day.” Cboe, the world’s largest options exchange, has seen a significant stock drop from $370 to around $250, despite reporting a strong Q1 adjusted EPS of $3.70, beating estimates by 9%. The company, valued at $27 billion, is pivoting its focus amid competitive pressures, boosting its guidance for full-year revenue growth to low double-digit to mid-teens.
In contrast, Applied Digital, a data center developer focusing on AI infrastructure, has a market cap of $13 billion. In its recent Q3 earnings, the company reported an EPS of $0.09 and revenue of $126.6 million, surpassing estimates significantly. However, it still carries a substantial debt load of $2.7 billion while facing execution risks in a pipeline that may not yield full revenues until 2027. Analysts have shown a downward trend in estimates for the company, leading to a Zacks Rank of #5 (Strong Sell).
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