DuPont Fabros Technology (DFT) is Upgraded by Raymond James to Outperform

DuPont Fabros Technology (DFT) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released 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 opened for trading at $42.74 and hit $43.76 on the upside on Monday, eventually ending the session at $43.52, with a gain of 1.30% or 0.56 points. The heightened volatility saw the trading volume jump to 912,731 shares. Company has a market cap of $3,288 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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