InterXion (NYSE:INXN) posted its quarterly earnings data on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19, Morningstar.com reports. The company had revenue of $142.20 million for the quarter, compared to analyst estimates of $141.79 million. InterXion had a net margin of 6.32% and a return on equity of 7.27%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. InterXion updated its FY 2018 guidance to EPS.
Shares of NYSE:INXN traded down $1.09 during midday trading on Friday, reaching $59.41. The company had a trading volume of 684,946 shares, compared to its average volume of 489,043. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.76. The firm has a market cap of $4.21 billion, a PE ratio of 79.55, a price-to-earnings-growth ratio of 5.64 and a beta of 0.86. InterXion has a one year low of $54.35 and a one year high of $68.95.
Large investors have recently modified their holdings of the stock. Kovack Advisors Inc. bought a new stake in shares of InterXion in the second quarter worth $253,000. WINTON GROUP Ltd acquired a new position in InterXion in the first quarter worth $254,000. Laurel Grove Capital LLC acquired a new position in InterXion in the third quarter worth $370,000. Fox Run Management L.L.C. boosted its holdings in InterXion by 37.0% in the second quarter. Fox Run Management L.L.C. now owns 5,526 shares of the technology company’s stock worth $345,000 after purchasing an additional 1,491 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in InterXion by 20.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,987 shares of the technology company’s stock worth $373,000 after purchasing an additional 1,007 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.
INXN has been the topic of a number of analyst reports. Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the company a “buy” rating in a research note on Thursday, August 2nd. Citigroup dropped their price objective on shares of InterXion from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday. Berenberg Bank assumed coverage on shares of InterXion in a research note on Thursday, September 20th. They set a “buy” rating and a $93.00 price objective on the stock. TheStreet lowered shares of InterXion from a “b-” rating to a “c” rating in a research note on Thursday, August 23rd. Finally, Zacks Investment Research upgraded shares of InterXion from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $73.73.
InterXion Company Profile
InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.
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