DuPont Fabros Technology (DFT) is Upgraded by Stifel to Buy, Lowers Price Target to $ 43

DuPont Fabros Technology (DFT) was Upgraded by Stifel to ” Buy” while Lowering the Price Target of the company shares to $ 43 from a previous price target of $45 . Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on DuPont Fabros Technology. DuPont Fabros Technology was Upgraded by Raymond James to ” Outperform” on Sep 14, 2016.

On the company’s financial health, DuPont Fabros Technology reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $128.54 million for the quarter, compared to analysts expectations of $126.17 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

DuPont Fabros Technology closed down -1.07 points or -2.65% at $39.38 with 6,76,762 shares getting traded on Tuesday. Post opening the session at $40.55, the shares hit an intraday low of $39.08 and an intraday high of $40.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 17, 2016, Jeffrey H Foster (Chief Financial Officer) sold 13,889 shares at $46.05 per share price. According to the SEC, on Jun 14, 2016, Richard A Jr Montfort (General Counsel) sold 20,326 shares at $45.36 per share price. On Jun 14, 2016, Maria Kenny (EVP, Chief Development Officer) sold 25,000 shares at $46.05 per share price, according to the Form-4 filing with the securities and exchange commission.

DuPont Fabros Technology Inc. is an owner developer operator and manager of enterprise-class carrier-neutral large multi-tenant wholesale data centers. The Company’s facilities are designed to offer specialized efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries such as technology Internet content providers media communications cloud-based healthcare and financial services. The Company’s 12 data centers are located in four major United States markets which total approximately three million gross square feet and approximately 266 megawatts of available critical load to power the servers and computing equipment of its customers.

DuPont Fabros Technology

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