Revenue Update on DuPont Fabros Technology(NYSE:DFT)

DuPont Fabros Technology(NYSE:DFT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $128.54M. Analysts estimated a revenue of $127.15M. Earnings per share were $0.64. Analysts had estimated an EPS of $0.65.

In a different note, On Jul 27, 2016, JP Morgan said it Maintains its rating on DuPont Fabros Technology. In the research note, the firm Raises the price-target to $64.00 per share. The shares have been rated ‘Neutral’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on DuPont Fabros Technology, according to a research note issued on Jul 21, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, Barclays said it Maintains its rating on DuPont Fabros Technology. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on DuPont Fabros Technology. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 17, 2016, Barclays said it Maintains its rating on DuPont Fabros Technology. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 16, 2016, Jefferies said it Maintains its rating on DuPont Fabros Technology. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Hold’ by the firm.

DuPont Fabros Technology (DFT) made into the market gainers list on Thursdays trading session with the shares advancing 0.02% or 0.01 points. Due to strong positive momentum, the stock ended at $46.51, which is also near the day’s high of $46.89. The stock began the session at $46.66 and the volume stood at 6,35,438 shares. The 52-week high of the shares is $48.965 and the 52 week low is $24.88. The company has a current market capitalization of $3,514 M and it has 7,55,48,908 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Jeffrey H Foster (Chief Financial Officer) sold 13,889 shares at $46.05 per share price.Also, 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.

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