InterXion (INXN) Posts Earnings Results, Misses Estimates By $0.04 EPS

InterXion (NYSE:INXN) posted its quarterly earnings data on Thursday. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04), MarketWatch Earnings reports. InterXion had a net margin of 4.77% and a return on equity of 5.60%. The company had revenue of $151.53 million for the quarter, compared to analysts’ expectations of $151.09 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. InterXion updated its FY 2019 guidance to EPS.

INXN traded down $0.73 on Friday, hitting $70.25. 1,048,132 shares of the company’s stock traded hands, compared to its average volume of 454,636. The company has a market capitalization of $5.07 billion, a PE ratio of 106.44, a price-to-earnings-growth ratio of 7.49 and a beta of 1.11. InterXion has a one year low of $50.05 and a one year high of $71.83. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.00.

INXN has been the topic of a number of analyst reports. Credit Suisse Group lowered their price objective on InterXion from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Zacks Investment Research cut InterXion from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. CIBC reaffirmed a “market perform” rating on shares of InterXion in a research report on Friday. Oppenheimer cut InterXion from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Citigroup cut InterXion from an “outperform” rating to a “market perform” rating in a research report on Friday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $76.67.

A number of institutional investors and hedge funds have recently modified their holdings of INXN. Centersquare Investment Management LLC raised its stake in InterXion by 14,009.4% during the 1st quarter. Centersquare Investment Management LLC now owns 2,577,795 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 2,559,525 shares during the period. Norges Bank bought a new stake in InterXion during the 4th quarter valued at approximately $135,240,000. American Century Companies Inc. raised its stake in InterXion by 40.4% during the 4th quarter. American Century Companies Inc. now owns 2,896,739 shares of the technology company’s stock valued at $156,887,000 after purchasing an additional 834,220 shares during the period. Principal Financial Group Inc. raised its stake in InterXion by 19.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,141,431 shares of the technology company’s stock valued at $276,358,000 after purchasing an additional 660,439 shares during the period. Finally, Jennison Associates LLC raised its stake in InterXion by 138.9% during the 4th quarter. Jennison Associates LLC now owns 990,042 shares of the technology company’s stock valued at $53,621,000 after purchasing an additional 575,604 shares during the period. 96.59% of the stock is currently owned by institutional investors.

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InterXion Company Profile

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.

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Earnings History for InterXion (NYSE:INXN)

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