Cyxtera Technologies (CYXT) Scheduled to Post Earnings on Thursday

Cyxtera Technologies (NASDAQ:CYXT – Get Rating) will announce its earnings results before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Cyxtera Technologies has set its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last issued its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.03. The company had revenue of $178.40 million during the quarter, compared to analysts’ expectations of $178.71 million. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts expect Cyxtera Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

CYXT stock opened at $12.71 on Thursday. Cyxtera Technologies has a fifty-two week low of $7.51 and a fifty-two week high of $13.88. The business’s 50 day moving average price is $12.22 and its two-hundred day moving average price is $11.41. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.03.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Cyxtera Technologies from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 30th. Raymond James increased their price target on shares of Cyxtera Technologies from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 23rd. Cowen began coverage on shares of Cyxtera Technologies in a research note on Thursday, January 6th. They set an “outperform” rating on the stock. Credit Suisse Group started coverage on shares of Cyxtera Technologies in a research note on Thursday, April 7th. They set an “outperform” rating and a $15.00 target price for the company. Finally, William Blair reiterated an “outperform” rating on shares of Cyxtera Technologies in a report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $13.83.

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley purchased a new position in Cyxtera Technologies in the third quarter worth about $110,000. Royal Bank of Canada bought a new stake in shares of Cyxtera Technologies during the third quarter valued at approximately $92,000. Cubist Systematic Strategies LLC purchased a new position in Cyxtera Technologies in the 3rd quarter worth approximately $248,000. Millennium Management LLC bought a new position in Cyxtera Technologies in the 3rd quarter valued at approximately $141,000. Finally, UBS Group AG purchased a new stake in Cyxtera Technologies during the 3rd quarter valued at $509,000.

Cyxtera Technologies Company Profile (Get Rating)

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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