Cyxtera Technologies (NASDAQ:CYXT) Reaches New 1-Year High at $13.90

Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $13.90 and last traded at $13.53, with a volume of 14540 shares changing hands. The stock had previously closed at $12.87.

CYXT has been the topic of a number of research reports. Zacks Investment Research cut shares of Cyxtera Technologies from a “hold” rating to a “sell” rating in a report on Monday, March 28th. Royal Bank of Canada boosted 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. Credit Suisse Group initiated coverage on shares of Cyxtera Technologies in a report on Thursday, April 7th. They set an “outperform” rating and a $15.00 target price on the stock. Raymond James boosted their target price on shares of Cyxtera Technologies from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, March 23rd. Finally, William Blair restated an “outperform” rating on shares of Cyxtera Technologies in a report on Friday, January 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cyxtera Technologies presently has an average rating of “Buy” and an average price target of $13.83.

The stock’s 50 day moving average is $12.35 and its 200-day moving average is $11.67. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.44 and a quick ratio of 0.44.

Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). The company had revenue of $182.40 million for the quarter, compared to the consensus estimate of $182.35 million. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Cyxtera Technologies, Inc. will post -0.8 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Harbor Advisors LLC purchased a new stake in shares of Cyxtera Technologies during the 4th quarter valued at about $126,000. Royal Bank of Canada purchased a new stake in shares of Cyxtera Technologies during the 3rd quarter valued at about $92,000. People s United Financial Inc. purchased a new stake in shares of Cyxtera Technologies during the 3rd quarter valued at about $100,000. Penserra Capital Management LLC purchased a new stake in shares of Cyxtera Technologies during the 3rd quarter valued at about $103,000. Finally, Morgan Stanley purchased a new stake in shares of Cyxtera Technologies during the 3rd quarter valued at about $110,000.

Cyxtera Technologies Company Profile (NASDAQ:CYXT)

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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