InterXion Holding NV (NYSE:INXN) – Analysts at William Blair reduced their Q3 2019 EPS estimates for InterXion in a note issued to investors on Wednesday, August 7th. William Blair analyst J. Breen now anticipates that the technology company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.17. William Blair also issued estimates for InterXion’s FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.84 EPS.
Other research analysts also recently issued reports about the stock. Oppenheimer downgraded shares of InterXion from an “outperform” rating to a “market perform” rating in a research report on Friday, May 10th. ValuEngine raised shares of InterXion from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 3rd. Wells Fargo & Co increased their target price on shares of InterXion from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. CIBC reaffirmed a “market perform” rating on shares of InterXion in a research report on Friday, May 10th. Finally, Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the stock a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. InterXion presently has a consensus rating of “Buy” and an average price target of $82.00.
InterXion (NYSE:INXN) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The company had revenue of $158.48 million during the quarter, compared to analysts’ expectations of $157.18 million. InterXion had a net margin of 6.00% and a return on equity of 5.29%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share.
Institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its position in InterXion by 4.9% during the second quarter. LPL Financial LLC now owns 11,531 shares of the technology company’s stock worth $877,000 after acquiring an additional 537 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of InterXion by 62.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,626 shares of the technology company’s stock worth $961,000 after buying an additional 4,851 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of InterXion by 25.5% during the second quarter. Russell Investments Group Ltd. now owns 1,029,717 shares of the technology company’s stock worth $78,191,000 after buying an additional 209,116 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of InterXion by 4.0% during the second quarter. Schroder Investment Management Group now owns 400,911 shares of the technology company’s stock worth $30,505,000 after buying an additional 15,303 shares in the last quarter. Finally, Monashee Investment Management LLC purchased a new stake in shares of InterXion during the second quarter worth about $1,522,000. 89.84% of the stock is currently owned by institutional investors.
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, cloud platforms, Internet service providers, and other customers.
Featured Article: Stock Symbols and CUSIP Explained
Receive News & Ratings for InterXion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterXion and related companies with MarketBeat.com's FREE daily email newsletter.