GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. It serves cloud service providers, large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on GDS shares. Royal Bank of Canada cut their price target on shares of GDS from $58.00 to $41.00 in a report on Monday, June 6th. Credit Suisse Group cut their price target on shares of GDS from $71.50 to $48.90 and set an "outperform" rating for the company in a report on Monday, May 16th. Truist Financial cut their price target on shares of GDS from $85.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, May 19th. StockNews.com upgraded shares of GDS to a "sell" rating in a report on Thursday, June 16th. Finally, Nomura downgraded shares of GDS from a "buy" rating to a "neutral" rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $57.43.
GDS Trading Up 0.2 %
Shares of NASDAQ:GDS traded up $0.06 during midday trading on Monday, reaching $29.35. 380,038 shares of the stock were exchanged, compared to its average volume of 1,648,705. The company has a market capitalization of $5.49 billion, a P/E ratio of -21.17 and a beta of 0.77. GDS has a 52-week low of $19.83 and a 52-week high of $66.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $29.84 and a 200-day moving average price of $33.63.
GDS (NASDAQ:GDS - Get Rating) last issued its quarterly earnings results on Wednesday, May 18th. The company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.13). The firm had revenue of $353.92 million for the quarter, compared to analysts' expectations of $349.91 million. GDS had a negative return on equity of 6.28% and a negative net margin of 18.43%. Equities research analysts expect that GDS will post -1.69 earnings per share for the current fiscal year.