GDS (GDS) Projected to Post Earnings on Wednesday

GDS (NASDAQ:GDS) will likely be issuing its quarterly earnings data before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $3.11 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $35.27 on Monday. The firm has a market capitalization of $6.72 billion, a PE ratio of -11.56 and a beta of 0.07. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average of $30.91 and a two-hundred day moving average of $24.11. GDS has a 12 month low of $5.85 and a 12 month high of $52.50.

Analyst Upgrades and Downgrades

Several brokerages have commented on GDS. Raymond James upped their price target on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. JMP Securities assumed coverage on GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and upped their target price for the stock from $27.06 to $45.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.23.

GDS Company Profile

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.