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

DuPont Fabros Technology (DFT) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.64 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.65. The company posted revenue of $128.54 million in the period, 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.

Many Wall Street Analysts have commented on DuPont Fabros Technology. Company shares were Reiterated by RBC Capital Mkts on May 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $37 .

DuPont Fabros Technology opened for trading at $45.94 and hit $47.4525 on the upside on Thursday, eventually ending the session at $47.4, with a gain of 3.27% or 1.5 points. The heightened volatility saw the trading volume jump to 10,60,093 shares. Company has a market cap of $3,528 M.

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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