Sify Technologies (NASDAQ:SIFY) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Sify Technologies from “buy” to “hold,” while Weiss Ratings lowered its rating from “sell (d+)” to “sell (d-).” MarketBeat data shows an overall average rating of “Sell.”
• Sify shares opened at $15.80, near the upper end of their 12-month range of $7.40 to $17.85. The stock’s liquidity and leverage metrics remained weak, including a 0.74 current ratio and 1.23 debt-to-equity ratio.
• The company met quarterly EPS expectations at $0.01 but reported revenue of $130.13 million, well below the $188.23 million analyst estimate. Sify also posted a negative net margin and negative return on equity.

Sify Technologies (NASDAQ:SIFY - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings cut Sify Technologies from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sify Technologies presently has an average rating of "Sell".

Sify Technologies Stock Up 0.1%

Shares of NASDAQ:SIFY opened at $15.80 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.65 and a current ratio of 0.74. The business has a fifty day moving average of $15.36 and a 200-day moving average of $14.98. Sify Technologies has a twelve month low of $7.40 and a twelve month high of $17.85.

Sify Technologies (NASDAQ:SIFY - Get Free Report) last issued its earnings results on Thursday, July 16th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Sify Technologies had a negative net margin of 1.97% and a negative return on equity of 9.65%. The company had revenue of $130.13 million for the quarter, compared to analyst estimates of $188.23 million. Analysts forecast that Sify Technologies will post 0.02 earnings per share for the current fiscal year.

Institutional Trading of Sify Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Sify Technologies by 59.3% in the second quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company's stock valued at $39,000 after purchasing an additional 863 shares in the last quarter. Parallel Advisors LLC raised its position in Sify Technologies by 969.1% in the 1st quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company's stock valued at $25,000 after buying an additional 1,754 shares during the last quarter. Liontrust Investment Partners LLP raised its position in Sify Technologies by 6.2% in the 1st quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company's stock valued at $1,728,000 after buying an additional 7,850 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Sify Technologies in the 4th quarter valued at approximately $400,000. Finally, Renaissance Technologies LLC boosted its position in Sify Technologies by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company's stock worth $241,000 after acquiring an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Sify Technologies Company Profile

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company's core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify's end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.

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