DuPont Fabros Technology (DFT) Releases Earnings Results, Beats Expectations By $0.01 EPS

DuPont Fabros Technology (DFT) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.66. The company posted revenue of $124.14 million in the period, compared to analysts expectations of $122.34 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on DuPont Fabros Technology. DuPont Fabros Technology was Downgraded by Citigroup to ” Neutral” on Apr 4, 2016. Company shares were Reiterated by Barclays on Mar 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .Company shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .

DuPont Fabros Technology closed down -0.12 points or -0.29% at $40.8 with 8,64,339 shares getting traded on Wednesday. Post opening the session at $40.77, the shares hit an intraday low of $40.33 and an intraday high of $40.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 10, 2016, Michael A Coke (director) sold 5,000 shares at $34.07 per share price. According to the SEC, on Feb 10, 2016, Jeffrey H Foster (Chief Financial Officer) sold 1,947 shares at $33.75 per share price. On Feb 10, 2016, Scott A Davis (EVP & Chief Technology Officer) sold 22,594 shares at $33.03 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

Leave a Reply

DuPont Fabros Technology - Is it time to Sell?

Top Brokerage Firms are advising their investors on DuPont Fabros Technology. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.