Sify Technologies (SIFY) Set to Announce Quarterly Earnings on Monday

Sify Technologies (NASDAQ:SIFYGet Rating) is set to announce its earnings results before the market opens on Monday, April 18th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Shares of SIFY opened at $3.00 on Friday. The company’s fifty day moving average is $3.00 and its 200 day moving average is $3.20. Sify Technologies has a fifty-two week low of $2.61 and a fifty-two week high of $4.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.96.

Several equities research analysts recently weighed in on SIFY shares. StockNews.com started coverage on shares of Sify Technologies in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Sify Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 12th.

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in shares of Sify Technologies by 97.7% in the fourth quarter. Millennium Management LLC now owns 379,250 shares of the technology company’s stock worth $1,225,000 after purchasing an additional 187,391 shares during the last quarter. Morgan Stanley grew its holdings in shares of Sify Technologies by 7,174.9% in the first quarter. Morgan Stanley now owns 82,716 shares of the technology company’s stock worth $292,000 after purchasing an additional 81,579 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Sify Technologies by 79.7% in the fourth quarter. Renaissance Technologies LLC now owns 82,280 shares of the technology company’s stock worth $266,000 after purchasing an additional 36,484 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Sify Technologies by 33.0% in the fourth quarter. BlackRock Inc. now owns 45,806 shares of the technology company’s stock worth $148,000 after purchasing an additional 11,369 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Sify Technologies by 91.2% in the fourth quarter. Bank of America Corp DE now owns 14,887 shares of the technology company’s stock worth $48,000 after purchasing an additional 7,102 shares during the last quarter. Institutional investors and hedge funds own 1.78% of the company’s stock.

About Sify Technologies (Get Rating)

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through five segments: Network Centric Services, Data Center Services, Cloud and Managed Services, Technology Integration Services, and Applications Integration Services. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, network managed, application to person, unified communication as a service, and proactive monitoring and management of the network and devices.

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Earnings History for Sify Technologies (NASDAQ:SIFY)

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