Streetbeat News

Chindata Group Holdings Ltd

https://www.chindatagroup.com/

CEO

Huapeng Wu

Employees

Industry

Securities Brokerage

chindata group holdings limited provides carrier-neutral hyper scale data center solutions in china, india, and southeast asia markets. it offers colocation and managed, energy procurement and transmission, infrastructure, and it and network services. the company was formerly known as bcpe bridge stack limited and changed its name to chindata group holdings limited in april 2020. chindata group holdings limited was founded in 2015 and is headquartered in beijing, china.

Open

8.57

Mkt cap

3.1B

Volume

11M

High

8.60

P/E Ratio

26.41

52-wk high

9.44

Low

8.37

Div yield

N/A

52-wk low

4.86

Chindata Group has completed its transition to private ownership after merging with BCPE Chivalry. The company has requested the suspension of trading of its ADSs on Nasdaq from December 18, 2023, and will delist and deregister its securities. The deregistration will take effect 90 days post the filing of Form 25, with the SEC, or sooner if determined by the SEC. Chindata Group plans to file a Form 15 to suspend its SEC reporting obligations, which will cease its requirement to file reports such as Form 20-F and Form 6-K.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:56 am

Chindata Group has announced that its shareholders have approved the merger agreement, which is a significant step towards completing the merger process.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:31 pm

Chindata Group Holdings has projected its FY23 revenues to be between RMB5.88B and RMB6.08B, indicating a year-on-year growth of 29.2%-33.6%. The company also expects its adjusted EBITDA to be between RMB3.10 billion and RMB3.220 billion, a 31.0%-35.6% increase over the full year of 2022.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:34 am

Chindata Group Holdings (NASDAQ:CD) reported a 20% decrease in Q2 GAAP EPADS to $0.08 per share from $0.10 YoY. However, the company's sales increased by 38.26% to $214.28M from $154.98M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:33 am

Several analyst forecasts were released on Monday, affecting a range of companies. Keybanc lowered the price target for Bumble Inc. (BMBL) from $25 to $24, while Barrington Research cut OUTFRONT Media Inc.'s (OUT) price target from $24 to $16. Goldman Sachs boosted the price target for Okta, Inc. (OKTA) from $77 to $91, and Jefferies cut the price target for Chindata Group Holdings Limited (CD) from $10.73 to $8.6. Barclays increased CF Industries Holdings, Inc.'s (CF) price target from $80 to $85, and UBS slashed Public Service Enterprise Group Incorporated's (PEG) price target from $70 to $66. HC Wainwright & Co. raised MannKind Corporation's (MNKD) price target from $7 to $7.5, and B. Riley Securities cut Braemar Hotels & Resorts Inc.'s (BHR) price target from $7 to $3.5. Jefferies increased the price target for Intuit Inc. (INTU) from $525 to $600, and Bernstein boosted Hyatt Hotels Corporation's (H) price target from $136 to $147. Citigroup increased Airbnb, Inc.'s (ABNB) price target from $135 to $160.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 11:45 am

Jefferies analyst Edison Lee has downgraded Chindata Group Holdings (NASDAQ:CD) from Buy to Hold and lowered the price target from $10.73 to $8.6.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:53 am

Chindata Group has entered into a definitive agreement for a 'going private' transaction at $4.30 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:32 pm

Trading of shares in Chindata Group Holdings has been halted, pending further news.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:26 pm

Chindata has received a non-binding 'take private' proposal from CMC at $9.2 per ADS. The company's directors have not yet made any decisions regarding the proposal.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:02 am

In Monday's pre-market session, several information technology stocks saw significant movement. Mobilicom (MOB), Alpine 4 Holdings (ALPP), Chindata Group Holdings (CD), GSE Systems (GVP), Gorilla Tech Gr (GRRR), and Applied Optoelectronics (AAOI) all saw increases, with Mobilicom leading the pack with a 104.7% increase. On the other hand, Neonode (NEON), WaveDancer (WAVD), WISeKey Intl Hldg (WKEY), Argo Blockchain (ARBK), Bit Origin (BTOG), and MicroCloud Hologram (HOLO) all experienced decreases, with Neonode seeing the largest drop of 22.2%.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 1:12 pm

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