Equities analysts expect that Cyxtera Technologies Inc (NASDAQ:CYXT) will post earnings per share (EPS) of ($0.25) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Cyxtera Technologies’ earnings, with the lowest EPS estimate coming in at ($0.30) and the highest estimate coming in at ($0.21). The company is scheduled to issue its next earnings results on Monday, February 21st.
On average, analysts expect that Cyxtera Technologies will report full year earnings of ($1.38) per share for the current year, with EPS estimates ranging from ($1.60) to ($1.08). For the next year, analysts expect that the firm will report earnings of ($0.73) per share, with EPS estimates ranging from ($0.96) to ($0.51). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Cyxtera Technologies.
Cyxtera Technologies (NASDAQ:CYXT) last posted its quarterly earnings results on Monday, November 15th. The company reported ($0.32) earnings per share for the quarter. The firm had revenue of $177.10 million during the quarter.
Several research analysts have commented on CYXT shares. Royal Bank of Canada started coverage on Cyxtera Technologies in a research note on Thursday, December 16th. They issued an “outperform” rating and a $13.00 target price for the company. UBS Group started coverage on Cyxtera Technologies in a research note on Monday, January 3rd. They issued a “neutral” rating and a $14.00 target price for the company. Cowen assumed coverage on Cyxtera Technologies in a research note on Thursday, January 6th. They issued an “outperform” rating for the company. Truist Financial assumed coverage on Cyxtera Technologies in a report on Friday, December 10th. They issued a “buy” rating and a $15.00 price target on the stock. The company is “finally on a pathway to growth” as its management is now confident enough to provide intermediate and long-term guidance, the analyst tells investors in a research note, adding that he believes Cyxtera is capable of producing a revenue CAGR of about 6.1%, with about 200bps of annual EBITDA margin expansion and a free cash flow CAGR of about 54% through 2025. Finally, William Blair reaffirmed an “outperform” rating on shares of Cyxtera Technologies in a report on Friday, January 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.20.
NASDAQ CYXT traded down $0.62 during trading hours on Friday, hitting $11.29. The company had a trading volume of 270,752 shares, compared to its average volume of 284,381. Cyxtera Technologies has a 52 week low of $7.51 and a 52 week high of $12.79. The company’s 50 day moving average is $11.52. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 2.71.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. purchased a new position in shares of Cyxtera Technologies during the 3rd quarter valued at about $4,151,000. Parallel Advisors LLC purchased a new position in Cyxtera Technologies in the 3rd quarter worth approximately $46,000. Arnhold LLC purchased a new position in Cyxtera Technologies in the 3rd quarter worth approximately $648,000. BC Partners Advisors L.P. purchased a new position in Cyxtera Technologies in the 3rd quarter worth approximately $425,955,000. Finally, Formidable Asset Management LLC purchased a new position in Cyxtera Technologies in the 3rd quarter worth approximately $617,000. 56.09% of the stock is currently owned by institutional investors.
About Cyxtera Technologies
Starboard Value Acquisition Corp. announced a definitive business combination agreement with Cyxtera Technologies Inc
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