Pacific Crest Reiterates a Hold Rating on Interxion Holding N.V.

By Jason Carr

In a report released yesterday, Michael Bowen from Pacific Crest reiterated a Hold rating on Interxion Holding N.V. (NYSE: INXN). The company’s shares opened today at $36.55.

Bowen observed:

“We are adjusting our estimates and remain Sector Weight.”

According to TipRanks.com, Bowen is a 1-star analyst with an average return of -4.5% and a 48.9% success rate. Bowen covers the Technology sector, focusing on stocks such as Zayo Group Holdings, GTT Communications, and Cogent Comms.

Interxion Holding N.V. has an analyst consensus of Strong Buy, with a price target consensus of $41.

Based on Interxion Holding N.V.’s latest earnings report from June 30, the company posted quarterly revenue of $115.7M and quarterly net profit of $10.19M. In comparison, last year the company earned revenue of $110.2M and had a net profit of $11.72M.

Interxion Holding NV engages in the provision of carrier and cloud neutral colocation data center services. The firm focuses to support on sectors such as cloud, connectivity, digital media, enterprise, financial services, and system integrators. Its services include space, power, cooling and a physically secure environment in which to house its customers’ computing, network, storage and information technology infrastructure. The company was founded by Bart van den Dries on April 6, 1998 and is headquartered in Schiphol-Rijk, the Netherlands.