BUZZ-Cerebras raises annual revenue forecast, shares surge

November 13 - ** Cerebras Systems CBRS.O shares surged more than 19% in premarket trading to $116.61

** The chip and cloud computing company raised (link) its 2026 revenue forecasts and signed a cloud computing agreement with Microsoft MSFT.O, with specific details to be announced next year

** The company now expects 2026 adjusted revenue of $940 million to $960 million, up from the previous forecast of $880 million to $890 million

** According to LSEG data, third-quarter adjusted sales rose 70% to $230.9 million, beating analysts' average estimate of $214.70 million

** As of the previous trading day's close, the share price had fallen more than 47% from its IPO price of $185 in May

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