CYXT News and Press, Cyxtera Technologies Inc. From 09/28/22

OQC to launch first commercial quantum computer in a colocation data center Oxford Quantum Circuits (OQC), Europe’s leading quantum computing company, and Cyxtera (NASDAQ: CYXT ), a global leader in data center colocation and interconnection servic...

Summary Jeff Smith’s 13F portfolio value decreased from $7.54B to $5.50B this quarter. Starboard Value increased NortonLifeLock and Mercury Systems while decreasing ON Semiconductor, Huntsman Corp, Corteva, Enovis, and Kohl’s. The largest three individual stock p...

Pursuing completion of conversion by January 1, 2023 Cyxtera (NASDAQ: CYXT ), a global leader in data center colocation and interconnection services, today announced that its Board of Directors unanimously approved Cyxtera’s conversion to a real estate inv...

New facility improves accounts receivable flexibility and reduces interest expense Cyxtera (NASDAQ: CYXT ), a global leader in data center colocation and interconnection services, today announced it has closed an accounts receivable securitization facility of $37...

Shares of Cyxtera ( NASDAQ: CYXT ) rose over 7% pre-market after Citi upgraded the stock from neutral to buy, citing the wireline telecommunications company's "forward operating progress" and a recent pullback in the stock. Price target remained unchanged at $13. In as...

Low margins and utilization prevent CYXT from generating sustaining levels of cash flow from operations as evidenced by an aggregate negative free cash flow of ($160M) since 2019. Severe cash shortages are driven by both persistent under-utilization of assets and excess leverage. ...

Data Center REITs have become "battleground" stocks this year after short-selling firm Chanos & Company launched a fund that will bet against data center REITs described as the firm's "Big Short." Data Centers are among the worst-performing property sectors this year even after re...

Gainers: Vacasa ( VCSA ) +41% . Bonso Electronics International ( BNSO ) +28% . voxeljet AG ( VJET ) +27% . Matterport ( MTTR ) +17% . VIZIO ( VZIO ) +16% . Losers: Sonos ( SONO ) -25% . Marqeta ( MQ ) -25% . Pixelwor...

Cyxtera Technologies, Inc. (CYXT) Q2 2022 Earnings Conference Call August 11, 2022 8:30 a.m. ET Company Participants Kwang Edeker - Senior Director of Finance Nelson Fonseca - President and Chief Executive Officer Carlos Sagasta - Chief Financial Officer Co...

The following slide deck was published by Cyxtera Technologies, Inc. in conjunction with their 2022 Q2 earnings call. For further details see: Cyxtera Technologies, Inc. 2022 Q2 - Results - Earnings Call Presentation