According to Zacks, “GDS Holdings Limited provides information technology service. It offers integrated solutions, consulting, service and training including data center hosting, IT management and operation outsourcing, business continuity management, disaster recovery and cloud computing services. The company operates primarily in Shanghai, Beijing, Shenzhen, Guangzhou and Chengdu. GDS Holdings Limited is headquartered in Shanghai, the People’s Republic of China. “
A number of other research analysts also recently issued reports on the stock. TheStreet downgraded shares of GDS from a c- rating to a d rating in a research report on Monday, May 6th. BidaskClub downgraded shares of GDS from a strong-buy rating to a buy rating in a research report on Thursday, April 25th. Finally, Credit Suisse Group set a $42.00 price objective on shares of GDS and gave the company a buy rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $41.29.
GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). The company had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $888.42 million. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The firm’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.71) earnings per share. On average, analysts forecast that GDS will post -0.5 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of GDS by 13.5% in the 1st quarter. FMR LLC now owns 2,681,325 shares of the company’s stock worth $95,696,000 after buying an additional 319,481 shares during the period. Jane Street Group LLC purchased a new stake in shares of GDS in the 1st quarter worth about $2,085,000. Graticule Asia Macro Advisors LLC purchased a new stake in shares of GDS in the 1st quarter worth about $4,586,000. Toronado Partners LLC grew its position in shares of GDS by 38.1% in the 1st quarter. Toronado Partners LLC now owns 594,467 shares of the company’s stock worth $21,217,000 after buying an additional 163,928 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of GDS by 77.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,692 shares of the company’s stock worth $96,000 after buying an additional 1,175 shares during the period. 57.69% of the stock is currently owned by hedge funds and other institutional investors.
GDS Company Profile
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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