Cyxtera Technologies (CYXT) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cyxtera Technologies in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CYXT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CYXT, but not buy additional shares or sell existing shares.
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8 Wall Street analysts have issued 1 year price targets for Cyxtera Technologies' stock. Their CYXT share price forecasts range from $2.00 to $16.00. On average, they expect the company's stock price to reach $6.22 in the next twelve months. This suggests a possible upside of 3,705.8% from the stock's current price.
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Cyxtera Technologies' stock was trading at $1.92 at the beginning of 2023. Since then, CYXT shares have decreased by 91.5% and is now trading at $0.1634.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Cyxtera Technologies, Inc. (NASDAQ:CYXT) issued its quarterly earnings data on Thursday, March, 16th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by $0.06. The company earned $192.90 million during the quarter, compared to analyst estimates of $190.20 million. Cyxtera Technologies had a negative trailing twelve-month return on equity of 116.69% and a negative net margin of 84.13%.

ETFs with the largest weight of Cyxtera Technologies (NASDAQ:CYXT) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN),

Cyxtera Technologies trades on the NASDAQ under the ticker symbol "CYXT."

Cyxtera Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (9.87%), BlackRock Inc. (1.43%), Balyasny Asset Management L.P. (0.66%), Geode Capital Management LLC (0.59%), Columbus Hill Capital Management L.P. (0.37%) and Squarepoint Ops LLC (0.17%). Insiders that own company stock include Carlos Ignacio Sagasta, Edmundo Miranda, James Randolph Rowland and Nelson A Fonseca Jr.
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Shares of CYXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CYXT stock can currently be purchased for approximately $0.16.

Cyxtera Technologies (NASDAQ:CYXT) has a market capitalization of $29.46 million and generates $746 million in revenue each year. The company earns $-355,100,000.00 in net income (profit) each year or ($3.56) on an earnings per share basis.

The company employs 744 workers across the globe.

Cyxtera Technologies' mailing address is 777 Third Avenue 18th Floor, New York NY, 10017. The official website for the company is starboardsvac.com. The company can be reached via phone at 305-537-9500 or via email at ir@starboardsvac.com.