Cyxtera Technologies, Inc. (NASDAQ:CYXT) Receives Consensus Recommendation of “Hold” from Analysts

Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.11.

A number of analysts have recently issued reports on the company. Credit Suisse Group lowered their price objective on Cyxtera Technologies from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Friday, March 17th. Raymond James cut Cyxtera Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 21st. Finally, TD Cowen cut Cyxtera Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, March 20th.

Institutional Trading of Cyxtera Technologies

Large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in shares of Cyxtera Technologies during the second quarter worth $35,000. Ensign Peak Advisors Inc bought a new stake in shares of Cyxtera Technologies during the third quarter worth $28,000. Cohen & Steers Inc. grew its holdings in shares of Cyxtera Technologies by 348.4% during the third quarter. Cohen & Steers Inc. now owns 7,740 shares of the company’s stock worth $32,000 after purchasing an additional 6,014 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Cyxtera Technologies during the third quarter worth $44,000. Finally, Citigroup Inc. bought a new stake in shares of Cyxtera Technologies during the first quarter worth $147,000.

Cyxtera Technologies Stock Down 5.2 %

CYXT opened at $0.15 on Thursday. The company has a debt-to-equity ratio of 31.18, a quick ratio of 0.43 and a current ratio of 0.43. Cyxtera Technologies has a 1 year low of $0.14 and a 1 year high of $15.42. The stock’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $1.58.

Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last released its quarterly earnings data on Thursday, March 16th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.06). The firm had revenue of $192.90 million for the quarter, compared to the consensus estimate of $190.20 million. Cyxtera Technologies had a negative net margin of 84.13% and a negative return on equity of 116.69%.

About Cyxtera Technologies

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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.