Cyxtera Technologies Inc. (NASDAQ:CYXT) shares traded 1.57% higher at $2.58 on Wall Street last session.
In accordance with the data, 8 analysts cover Cyxtera Technologies Inc. (NASDAQ:CYXT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $2.00, we find $6.00. Given the previous closing price of $2.54, this indicates a potential upside of 136.22 percent. CYXT stock price is now 26.86% away from the 50-day moving average and -66.62% away from the 200-day moving average. The market capitalization of the company currently stands at $463.42M.
It has been rated a hold by 1 analysts and a buy by 5. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
With the price target of $2, Exane BNP Paribas recently initiated with Underperform rating for Cyxtera Technologies Inc. (NASDAQ: CYXT). On August 24, 2022, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $13, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, Semah Victor, Chief Legal Officer sold 8,292 shares of the company’s stock on Aug 10. The stock was sold for $97,597 at an average price of $11.77. Upon completion of the transaction, the Chief Legal Officer now directly owns 29,202 shares in the company, valued at $75341.16. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Chief Financial Officer Sagasta Carlos Ignacio sold 19,304 shares of the business’s stock. A total of $227,208 was realized by selling the stock at an average price of $11.77. This leaves the insider owning 54,258 shares of the company worth $0.14 million. Insiders disposed of 439,645,270 shares of company stock worth roughly $1.13 billion over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CYXT stock. A new stake in Cyxtera Technologies Inc. shares was purchased by MASON CAPITAL MANAGEMENT LLC during the first quarter worth $3,806,000. BALYASNY ASSET MANAGEMENT LLC invested $1,755,000 in shares of CYXT during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Cyxtera Technologies Inc. valued at approximately $728,000. CLEARLINE CAPITAL LP acquired a new stake in CYXT for approximately $556,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in CYXT valued at around $89,000 in the second quarter. In total, there are 142 active investors with 61.50% ownership of the company’s stock.
Cyxtera Technologies Inc. (NASDAQ: CYXT) opened at $2.6100 on Wednesday. During the past 12 months, Cyxtera Technologies Inc. has had a low of $1.53 and a high of $15.42. As of last week, the company has a debt-to-equity ratio of 3.51, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for CYXT is $2.0338 and a two-hundred day moving average price translates $7.7298 for the stock.
The latest earnings results from Cyxtera Technologies Inc. (NASDAQ: CYXT) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at -$0.27, missing analysts’ expectations of -$0.2 by -0.07. This compares to -$0.32 EPS in the same period last year. The net profit margin was -28.80% and return on equity was -33.50% for CYXT. The company reported revenue of $186.6 million for the quarter, compared to $177.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.36 percent. For the current quarter, analysts expect CYXT to generate $187.2M in revenue.
Cyxtera Technologies Inc.(CYXT) 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.