Here's How RBC Capital Views Cyxtera


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • RBC Capital analyst Jonathan Atkin maintained Cyxtera Technologies Inc (NASDAQ:CYXTwith an Outperform and raised the price target from $14 to $16.
  • Atkin's recent fireside chat and meetings with CFO Carlos Sagasta at RBC's Global Communications Infrastructure conference touched on multiple financial, strategic, and operating topics. 
  • Atkins updated his model and increased the price target based on a higher terminal-value assumption in his DCF model. 
  • The management expected good demand visibility for 1-3 years. They saw the inflationary and recessionary environment as a positive for Cyxtera. 
  • Atkin expected Cyxtera to be more likely to focus on internal growth initiatives. 
  • Price Action: CYXT shares traded higher by 1.86% at $14.79 on the last check Monday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsPrice TargetReiterationAnalyst RatingsTechBriefs