Shares of Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.14 and last traded at $7.18, with a volume of 4431 shares traded. The stock had previously closed at $7.25.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CYXT. Citigroup upgraded shares of Cyxtera Technologies from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday. Credit Suisse Group dropped their target price on shares of Cyxtera Technologies to $13.00 in a report on Monday, August 15th. Truist Financial lifted their price target on shares of Cyxtera Technologies from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, Royal Bank of Canada lifted their price target on shares of Cyxtera Technologies from $14.00 to $16.00 in a research note on Monday, June 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.83.
Cyxtera Technologies Stock Up 1.4%
The stock has a market capitalization of $1.37 billion, a P/E ratio of -6.28 and a beta of 0.88. The company’s 50-day moving average price is $11.65 and its 200 day moving average price is $12.20. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.41 and a current ratio of 0.41.
Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08). The firm had revenue of $184.10 million for the quarter, compared to the consensus estimate of $185.00 million. Cyxtera Technologies had a negative net margin of 27.88% and a negative return on equity of 27.18%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.88) earnings per share. As a group, equity analysts expect that Cyxtera Technologies, Inc. will post -0.9 earnings per share for the current year.
In other news, COO James Randolph Rowland sold 9,885 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $12.29, for a total transaction of $121,486.65. Following the sale, the chief operating officer now directly owns 91,052 shares in the company, valued at approximately $1,119.029.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cyxtera Technologies news, CFO Carlos Ignacio Sagasta sold 11,229 shares of Cyxtera Technologies stock in a transaction on Monday, August 8th. The shares were sold at an average price of $12.29, for a total value of $138,004.41. Following the sale, the chief financial officer now directly owns 89,708 shares in the company, valued at approximately $1,102,511.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO James Randolph Rowland sold 9,885 shares of Cyxtera Technologies stock in a transaction on Monday, August 8th. The shares were sold at an average price of $12.29, for a total transaction of $121,486.65. Following the completion of the sale, the chief operating officer now owns 91,052 shares in the company, valued at $1,119,029.08. The disclosure for this sale can be found here. Insiders have sold 147.318 shares of company stock worth $1,762.105 in the last three months. Company insiders own 73.20% of the company’s stock.
Institutional Trading of Cyxtera Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new stake in Cyxtera Technologies in the 4th quarter valued at $211,000. Sciencast Management LP purchased a new position in shares of Cyxtera Technologies in the 1st quarter worth $286,000. BC Partners Advisors LP grew its stake in shares of Cyxtera Technologies by 3.5% in the 1st quarter. BC Partners Advisors LP now owns 47,676,705 shares of the company’s stock worth $582,609,000 after buying an additional 1,627,561 shares in the last quarter. Privium Fund Management BV purchased a new position in shares of Cyxtera Technologies in the 1st quarter worth $152,000. Finally, Clearline Capital LP grew its stake in shares of Cyxtera Technologies by 91.7% in the 4th quarter. Clearline Capital LP now owns 458,924 shares of the company’s stock worth $5,245,000 after buying an additional 219.567 shares in the last quarter.
Cyxtera Technologies Company Profile
Cyxtera Technologies, Inc provides various data center products and services for enterprises, service providers, and government agencies. It offers retail colocation, interconnection, deployment, and support services; and Bare Metal, an on-demand IT infrastructure solution. The company is headquartered in Coral Gables, Florida.
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