DuPont Fabros Technology (DFT) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 44 from a previous price target of $37 . RBC Capital Mkts advised their investors in a research report released on May 9, 2016.
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 .
On the company’s financial health, DuPont Fabros Technology reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.66. The company had revenue of $124.14 million for the quarter, 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.
DuPont Fabros Technology opened for trading at $41.32 and hit $42.04 on the upside on Friday, eventually ending the session at $42.04, with a gain of 1.94% or 0.8 points. The heightened volatility saw the trading volume jump to 8,43,036 shares. Company has a market cap of $3,129 M.
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 Companys facilities are designed to offer specialized efficient and safe computing environments in a low-cost operating model. The Companys 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 Companys 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.