Loading...
Loading...
- Credit Suisse analyst Sami Badri initiated coverage of Cyxtera Technologies Inc CYXT with an Outperform rating and a $15 price target.
- The price target implied an upside of 20% from current levels.
- Cyxtera is a data center operator in the retail colocation segment, previously a part of Lumen's portfolio.
- Cyxtera's occupancy rate of 70.9% lagged the data center peer average of 79.8%, considering the recent strengthening enterprise leasing dynamics seen industry-wide.
- Cyxtera beat the Q4 FY21 consensus and issued FY22 guidance above the consensus.
- Price Action: CYXT shares traded higher by 5.04% at $13.12 in the market session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
