Cyxtera Technologies, Inc. (NASDAQ: CYXT) Expected to Announce Earnings of – $ 0.19 Per Share


Analysts expect that Cyxtera Technologies, Inc. (NASDAQ: CYXTGet Rating) will post earnings per share of ($ 0.19) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cyxtera Technologies’ earnings, with the highest EPS estimate coming in at ($ 0.15) and the lowest estimate coming in at ($ 0.22). The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Cyxtera Technologies will report full year earnings of ($ 0.80) per share for the current year, with EPS estimates ranging from ($ 0.88) to ($ 0.69). For the next fiscal year, analysts forecast that the firm will report earnings of ($ 0.65) per share, with EPS estimates ranging from ($ 0.77) to ($ 0.52). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that provide coverage for Cyxtera Technologies.

Cyxtera Technologies (NASDAQ: CYXTGet Rating) last posted its earnings results on Thursday, May 12th. The company reported ($ 0.23) earnings per share for the quarter, missing the consensus estimate of ($ 0.22) by ($ 0.01). The company had revenue of $ 182.40 million for the quarter, compared to analysts’ expectations of $ 182.35 million. Cyxtera Technologies’s quarterly revenue was up 5.5% on a year-over-year basis.

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Cyxtera Technologies from $ 13.00 to $ 14.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Zacks Investment Research downgraded shares of Cyxtera Technologies from a “hold” rating to a “sell” rating in a research note on Monday, March 28th. Raymond James boosted 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. Credit Suisse Group initiated coverage on shares of Cyxtera Technologies in a research note on Thursday, April 7th. They issued an “outperform” rating and a $ 15.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of Cyxtera Technologies in a research note on Friday, January 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $ 13.83.

Several hedge funds have recently modified their holdings of CYXT. Royal Bank of Canada purchased a new stake in Cyxtera Technologies in the third quarter valued at $ 92,000. Penserra Capital Management LLC acquired a new stake in Cyxtera Technologies in the third quarter valued at $ 103,000. Morgan Stanley purchased a new stake in Cyxtera Technologies in the third quarter valued at $ 110,000. Bank of New York Mellon Corp. acquired a new stake in Cyxtera Technologies in the third quarter valued at $ 121,000. Finally, Harbor Advisors LLC purchased a new stake in Cyxtera Technologies in the fourth quarter valued at $ 126,000.

Cyxtera Technologies stock traded up $ 1.09 during trading on Friday, hitting $ 14.60. The company had a trading volume of 437,216 shares, compared to its average volume of 377,822. Cyxtera Technologies has a 1-year low of $ 7.51 and a 1-year high of $ 14.61. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.79. The company’s 50 day simple moving average is $ 12.46 and its 200-day simple moving average is $ 11.71.

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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Earnings History and Estimates for Cyxtera Technologies (NASDAQ: CYXT)



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