SunTrust Robinson Humphrey Initiates Coverage on DuPont Fabros Technology(NYSE:DFT). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jul 21, 2016.
In a different note, 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) shares turned negative on Wednesdays trading session with the shares closing down -0.41 points or -0.86% at a volume of 7,35,684. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.57. The peak price level was also seen at $47.57 while the days lowest was $46.881. Finally the shares closed at $47.01. The 52-week high of the shares is $48.57 while the 52-week low is $24.88. According to the latest information available, the market cap of the company is $3,499 M.
DuPont Fabros Technology(DFT) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $124.15M. Analysts had an estimated revenue of $121.21M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.66.
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 Companys facilities are designed to offer specialized efficient and safe computing environments in a low-cost operating model. The Companys 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 Companys 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.