Streetbeat News

GDS

GDS Holdings Limited

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.

Open

34.13

Mkt cap

833M

Volume

2.5M

High

35.29

P/E Ratio

-11.72

52-wk high

52.50

Low

33.88

Div yield

N/A

52-wk low

5.85

RBC Capital analyst Jonathan Atkin has reiterated a 'Sector Perform' rating on GDS Holdings (NASDAQ:GDS) and maintained a $13 price target.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 1:10 pm

Shares of companies in the technology sector are trading higher in anticipation of NVIDIA's earnings report. The sector has been gaining attention due to increased interest in AI this year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:23 pm

GDS Holdings Ltd reported a Q2 FY23 net revenue growth of 7.0% Y/Y to $340.91 million, beating the consensus of $337.64 million. The total area committed and pre-committed by customers rose 8.4% Y/Y to 637,661 square meters. Adjusted EBITDA rose 16.3% Y/Y to $170.3 million. The company reaffirmed its FY23 outlook. GDS shares are trading higher by 6.30% at $10.80 premarket.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 1:29 pm

GDS Holdings has confirmed its previously provided 2023 guidance for total revenues, adjusted EBITDA, and Capex.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 11:06 am

GDS Holdings reported Q2 earnings per ADS of $(0.18), beating the analyst consensus estimate of $(0.26) by 30.77%. This is a 43.75% increase over losses from the same period last year. The company also reported quarterly sales of $340.90 million, beating the analyst consensus estimate of $337.64 million by 0.97%. However, this is a 1.17% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 11:02 am

GDS Holdings (NASDAQ:GDS) is set to release its latest quarterly earnings report on Tuesday, 2023-08-22. Analysts estimate an earnings per share (EPS) of $-0.26. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The company's shares are currently trading at $10.44, down 59.89% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:00 pm

Chinese stocks are trading lower following the filing for Chapter 15 bankruptcy protection in New York by property developer, China Evergrande Group.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:25 am

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Unique Fabricating, Reata Pharmaceuticals, and Bluejay Diagnostics, while the losers included Tonix Pharmaceuticals, Sleep Number Corporation, and Femasys Inc. Avantor shares fell by 9.9% due to worse-than-expected Q2 financial results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 5:07 pm

Several US stocks traded higher on Friday, with the Nasdaq Composite gaining around 200 points. Notable gainers include Reata Pharmaceuticals, which rose 53.3% after Biogen agreed to acquire the company, Roku, which gained 20.8% after reporting better-than-expected Q2 results and strong Q3 guidance, and The Boston Beer Company, which surged 18.1% after reporting better-than-expected quarterly results. Other companies that saw significant gains include Business First Bancshares, Huron Consulting Group, TAL Education Group, Costamare, Coursera, Beazer Homes USA, Celestica, SIGA Technologies, Silicon Motion Technology Corporation, UP Fintech Holding Limited, SkyWest, GDS Holdings Limited, Dada Nexus Limited, Cardlytics, AVITA Medical, T. Rowe Price Group, Opendoor Technologies, Meritage Homes Corporation, Skechers U.S.A., Chart Industries, DISH Network Corporation, Upstart Holdings, DexCom, and Intel Corporation.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:47 pm

Chinese stocks are experiencing a surge due to expectations of policy support and additional stimulus measures.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:12 pm

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