Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) has been assigned an average recommendation of "Hold" from the ten research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.47.
CYXT has been the subject of a number of analyst reports. Truist Financial cut their price objective on shares of Cyxtera Technologies from $15.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, December 22nd. Exane BNP Paribas assumed coverage on shares of Cyxtera Technologies in a report on Wednesday, December 14th. They issued an "underperform" rating on the stock. Credit Suisse Group dropped their target price on shares of Cyxtera Technologies to $6.00 in a report on Thursday, October 13th. BNP Paribas started coverage on Cyxtera Technologies in a research report on Wednesday, December 14th. They issued an "underperform" rating and a $2.00 price target for the company. Finally, Raymond James decreased their target price on Cyxtera Technologies from $13.00 to $7.00 and set an "outperform" rating for the company in a research report on Wednesday, November 9th.
Get Cyxtera Technologies alerts:Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CYXT. Starboard Value LP boosted its position in shares of Cyxtera Technologies by 25.7% during the 1st quarter. Starboard Value LP now owns 20,767,571 shares of the company's stock valued at $253,780,000 after acquiring an additional 4,241,256 shares during the last quarter. Mason Capital Management LLC bought a new position in shares of Cyxtera Technologies during the 3rd quarter valued at approximately $6,018,000. Balyasny Asset Management LLC bought a new position in shares of Cyxtera Technologies during the 3rd quarter valued at approximately $2,775,000. State Street Corp boosted its position in shares of Cyxtera Technologies by 102.8% during the 2nd quarter. State Street Corp now owns 1,168,882 shares of the company's stock valued at $13,255,000 after acquiring an additional 592,643 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Cyxtera Technologies by 2.0% during the 2nd quarter. FMR LLC now owns 23,816,520 shares of the company's stock valued at $270,080,000 after acquiring an additional 473,991 shares during the last quarter.
Cyxtera Technologies Stock Performance
Shares of CYXT stock opened at $2.58 on Friday. The firm has a 50-day moving average of $2.02 and a 200-day moving average of $5.23. The company has a market cap of $463.41 million, a P/E ratio of -2.13 and a beta of 0.84. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.46 and a quick ratio of 0.46. Cyxtera Technologies has a one year low of $1.53 and a one year high of $15.42.Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.12). The firm had revenue of $186.60 million during the quarter, compared to analysts' expectations of $187.67 million. Cyxtera Technologies had a negative net margin of 28.78% and a negative return on equity of 29.61%. Equities research analysts forecast that Cyxtera Technologies will post -1.05 EPS for the current fiscal year.
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.
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