Streetbeat News

GDS

GDS Holdings Limited

https://www.gds-services.com

Industry

Information Technology Services

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. It serves cloud service providers, large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.

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GDS Holdings shares are trading lower after the company reported worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:07 pm

GDS Holdings Ltd (NASDAQ:GDS) reported mixed Q1 fiscal 2024 results with a 9.1% increase in net revenue to $363.89 million, missing the consensus of $374.55 million. Loss per ADS of $0.27 beat the consensus loss of $0.29. Adjusted gross profit increased by 8.6% year-over-year to $189.5 million, while the adjusted EBITDA rose 4.7% to $163.9 million. The company reaffirmed its 2024 guidance.

Portfolio Pulse from Akanksha Bakshi

May 22, 2024 | 1:20 pm

GDS Holdings has reiterated its FY24 revenue guidance of RMB11.34B–RMB11.76B, which is in line with the previous estimate of RMB11.49B. The company also confirmed its adjusted EBITDA and capex guidance.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:06 am

GDS Holdings reported its Q1 GAAP EPADS of $(0.27), which beat the estimate of $(0.29). However, its sales of $363.89 million missed the estimate of $374.55 million.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:04 am

Tech sector stocks are down due to market uncertainty and doubts about potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:38 pm

In Monday's pre-market session, several information technology stocks showed notable movements. Airspan Networks, Spectaire Holdings, and Wrap Technologies were among the top gainers, with Airspan leading at a 15% increase. On the downside, X3 Holdings, Cleanspark, and Movella Holdings experienced significant drops, with X3 Holdings leading the losses at 28.2%. Wrap Technologies and GDS Holdings also released their Q4 earnings recently, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 12:07 pm

JP Morgan analyst Gokul Hariharan maintains a Neutral rating on GDS Holdings (NASDAQ:GDS) and lowers the price target from $12 to $7.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:15 pm

TD SYNNEX Corporation (NYSE:SNX) reported Q1 earnings surpassing estimates with an EPS of $2.99 against the expected $2.84, despite missing revenue forecasts. U.S. stocks, including the Dow Jones, NASDAQ, and S&P 500, saw gains. Consumer discretionary shares led gains, while utilities fell. Stoke Therapeutics, Mesoblast Ltd, and OpGen saw significant stock price increases, whereas Cardlytics, GDS Holdings, and AppTech Payments experienced declines. Oil prices dropped slightly, while gold saw a minor increase.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 7:08 pm

Westport Fuel Systems Inc. (NASDAQ:WPRT) shares fell by approximately 10% after reporting a Q4 loss wider than expected. Other stocks experienced significant movements, with notable gainers including Stoke Therapeutics, Inc. (NASDAQ:STOK) and losers like Quhuo Limited (NASDAQ:QH). The movements were attributed to various factors including financial results, clinical trial data, and strategic agreements.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 5:45 pm

In Tuesday's intraday session, 12 Information Technology stocks showed significant movement. Notable gainers included Veritone, Cheetah Mobile, Research Solutions, OMNIQ, Datasea, and Semtech, with increases ranging from 12.53% to 21.0%. On the downside, Syntec Optics Holdings, GDS Holdings, WiSA Technologies, Rubicon Technologies, Wetouch Technology, and Meta Materials experienced declines between 14.4% and 26.0%. GDS Holdings' drop was attributed to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:31 pm

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