Why Is GDS Holdings Stock Trading Lower Tuesday?
Portfolio Pulse from Anusuya Lahiri
GDS Holdings Ltd (NASDAQ:GDS) reported Q4 fiscal 2023 revenue growth of 6.3% Y/Y to $360.1 million, surpassing consensus estimates. Despite beating revenue and loss per ADS expectations, the stock price fell. The company also announced a $587 million equity raise for DigitalLand Holdings and provided a positive FY24 outlook. GDS shares dropped 23.80% to $6.37. Exposure to GDS can be gained through ETFs like VPN and SRVR.
March 26, 2024 | 3:57 pm
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NEGATIVE IMPACT
GDS Holdings reported higher than expected Q4 revenue and a smaller loss per ADS, announced a significant equity raise, and provided a strong FY24 outlook.
The stock price of GDS Holdings fell significantly despite positive earnings and outlook, likely due to market reactions to the equity raise and possibly other external factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Pacer Data & Infrastructure Real Estate ETF (NYSE:SRVR) provides exposure to GDS Holdings, which has reported positive earnings but experienced a decline in stock price.
SRVR, which includes GDS in its holdings, might see an indirect impact from GDS's earnings report and stock decline. The effect on SRVR's price may be limited due to its diversified portfolio.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Global X Data Center REITs & Digital Infrastructure ETF (NASDAQ:VPN) offers exposure to GDS Holdings, which reported positive earnings but saw a stock price decline.
VPN, holding GDS in its portfolio, may experience indirect effects from GDS's performance. However, the diversified nature of ETFs may mitigate direct impact on its price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50