$148.18 Million in Sales Expected for InterXion Holding N.V. (INXN) This Quarter
Wall Street analysts forecast that InterXion Holding N.V. (NYSE:INXN) will report sales of $148.18 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for InterXion’s earnings. The lowest sales estimate is $147.55 million and the highest is $149.06 million. InterXion posted sales of $119.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.3%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that InterXion will report full-year sales of $148.18 million for the current fiscal year, with estimates ranging from $564.46 million to $566.09 million. For the next financial year, analysts expect that the company will report sales of $629.73 million per share, with estimates ranging from $622.80 million to $641.19 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow InterXion.
INXN has been the topic of several research reports. Barclays upped their price objective on shares of InterXion from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Wells Fargo & Company reiterated an “outperform” rating and set a $62.00 price objective (up previously from $54.00) on shares of InterXion in a report on Thursday, November 2nd. Cowen upgraded shares of InterXion from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $45.00 to $54.00 in a report on Tuesday, August 8th. BidaskClub lowered shares of InterXion from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Finally, Citigroup upped their price objective on shares of InterXion from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.70.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC acquired a new position in shares of InterXion during the third quarter worth about $133,000. Oppenheimer Asset Management Inc. boosted its holdings in InterXion by 19.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,363 shares of the technology company’s stock valued at $153,000 after purchasing an additional 552 shares in the last quarter. Advisor Group Inc. boosted its holdings in InterXion by 38.7% in the third quarter. Advisor Group Inc. now owns 3,840 shares of the technology company’s stock valued at $196,000 after purchasing an additional 1,071 shares in the last quarter. Emerald Advisers Inc. PA acquired a new position in InterXion in the third quarter valued at approximately $214,000. Finally, Stifel Financial Corp acquired a new position in InterXion in the second quarter valued at approximately $227,000. Institutional investors own 86.55% of the company’s stock.
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InterXion Company Profile
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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