Summary
11.52 -0.49(-4.08%)09/06/2024
Digitalbridge Group Inc (DBRG)
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Digitalbridge Group Inc (DBRG)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -4.08 | 0.17 | -5.91 | 9.93 | 7.59 | 49.51 | 0.00 | -27.40 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 11.52 | |
| Open | 11.98 | |
| High | 12.07 | |
| Low | 11.34 | |
| Volume | 2,185,749 | |
| Change | -0.49 | |
| Change % | -4.08 | |
| Avg Volume (20 Days) | 2,211,183 | |
| Volume/Avg Volume (20 Days) Ratio | 0.99 | |
| 52 Week Range | 9.99 - 20.99 | |
| Price vs 52 Week High | -45.12% | |
| Price vs 52 Week Low | 15.32% | |
| Range | -2.42 | |
| Gap Up/Down | 0.06 | |
Fundamentals | ||
| Market Capitalization (Mln) | 2,238 | |
| EBIDTA | 578,190,016 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 10.13 | |
| Book Value | 2.3070 | |
| Earnings Per Share | -1.0570 | |
| EPS Estimate Current Quarter | -0.0900 | |
| EPS Estimate Next Quarter | -0.0700 | |
| EPS Estimate Current Year | -0.8800 | |
| EPS Estimate Next Year | -0.1300 | |
| Diluted EPS (TTM) | -1.0570 | |
| Revenues | ||
| Profit Marging | -0.2256 | |
| Operating Marging (TTM) | 0.0643 | |
| Return on asset (TTM) | 0.0044 | |
| Return on equity (TTM) | -0.3226 | |
| Revenue TTM | 1,904,855,040 | |
| Revenue per share TTM | 3.9840 | |
| Quarterly Revenue Growth (YOY) | 1.1520 | |
| Quarterly Earnings Growth (YOY) | 0.0000 | |
| Gross Profit (TTM) | 849,557,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 4.0080 | |
| Revenue Enterprise Value | 5.5026 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 566,809,024 | |
| Shares Float | 494,406,148 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 4.32 | |
| Institutions (%) | 86.54 | |
08/07 22:01 EST - zacks.com
Here's What Key Metrics Tell Us About DigitalBridge (DBRG) Q2 Earnings
The headline numbers for DigitalBridge (DBRG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Here's What Key Metrics Tell Us About DigitalBridge (DBRG) Q2 Earnings
The headline numbers for DigitalBridge (DBRG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
08/07 21:45 EST - zacks.com
DigitalBridge (DBRG) Lags Q2 Earnings Estimates
DigitalBridge (DBRG) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.06 per share a year ago.
DigitalBridge (DBRG) Lags Q2 Earnings Estimates
DigitalBridge (DBRG) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.06 per share a year ago.
08/07 21:07 EST - seekingalpha.com
DigitalBridge Group, Inc. (DBRG) Q2 2024 Earnings Call Transcript
DigitalBridge Group, Inc. (NYSE:DBRG ) Q2 2024 Earnings Conference Call August 1, 0000 8:30 AM ET Company Participants Severin White - Head of IR Marc Ganzi - Chief Executive Officer Tom Mayrhofer - Chief Financial Officer Conference Call Participants Ric Prentiss - Raymond James Richard Choe - JP Morgan Jade Rahmani - KBW Operator Good day and welcome to DigitalBridge Group, Inc Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode.
DigitalBridge Group, Inc. (DBRG) Q2 2024 Earnings Call Transcript
DigitalBridge Group, Inc. (NYSE:DBRG ) Q2 2024 Earnings Conference Call August 1, 0000 8:30 AM ET Company Participants Severin White - Head of IR Marc Ganzi - Chief Executive Officer Tom Mayrhofer - Chief Financial Officer Conference Call Participants Ric Prentiss - Raymond James Richard Choe - JP Morgan Jade Rahmani - KBW Operator Good day and welcome to DigitalBridge Group, Inc Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode.
07/31 11:06 EST - zacks.com
DigitalBridge (DBRG) Earnings Expected to Grow: Should You Buy?
DigitalBridge (DBRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DigitalBridge (DBRG) Earnings Expected to Grow: Should You Buy?
DigitalBridge (DBRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
06/19 08:00 EST - investorplace.com
The 7 Best REITs to Buy in June 2024
One of the best ways to protect your portfolio, and generate consistent income is with some of the best REITs to buy. Look at Digital Realty (NYSE: DLR ), for example.
The 7 Best REITs to Buy in June 2024
One of the best ways to protect your portfolio, and generate consistent income is with some of the best REITs to buy. Look at Digital Realty (NYSE: DLR ), for example.
06/13 08:00 EST - businesswire.com
Vantage Data Centers Completes $9.2 Billion Equity Investment Led by DigitalBridge and Silver Lake
DENVER, & BOCA RATON, Fla., & MENLO PARK, Calif.--(BUSINESS WIRE)--Vantage Data Centers, a leading global provider of hyperscale data center campuses, has completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing. The capital raise was significantly oversubscribed.
Vantage Data Centers Completes $9.2 Billion Equity Investment Led by DigitalBridge and Silver Lake
DENVER, & BOCA RATON, Fla., & MENLO PARK, Calif.--(BUSINESS WIRE)--Vantage Data Centers, a leading global provider of hyperscale data center campuses, has completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing. The capital raise was significantly oversubscribed.
06/08 09:00 EST - investorplace.com
The 7 Most Undervalued Under-$50 Stocks to Buy in June 2024
For many investors, especially those who are just building a portfolio, undervalued stocks under $50 hold significant appeal. Investors can start a significant position, in terms of shares owned, for a small investment.
The 7 Most Undervalued Under-$50 Stocks to Buy in June 2024
For many investors, especially those who are just building a portfolio, undervalued stocks under $50 hold significant appeal. Investors can start a significant position, in terms of shares owned, for a small investment.
06/04 12:52 EST - businesswire.com
AirMDR Closes $5 Million Funding Round to Advance AI-Native Managed Detection and Response (MDR) Service
MENLO PARK, Calif.--(BUSINESS WIRE)--AirMDR, an innovation driver in AI-powered Autonomous Managed Detection and Response (MDR), today announced the closing of a $5 million Seed round of financing. The round was led by Foundation Capital with participation by Storm Ventures. AirMDR will use this funding to expand R&D and fuel market entry. Driven by a reliance on human resources and disparate systems, cybersecurity practitioners and traditional MDRs experience gaps in the quality and speed.
AirMDR Closes $5 Million Funding Round to Advance AI-Native Managed Detection and Response (MDR) Service
MENLO PARK, Calif.--(BUSINESS WIRE)--AirMDR, an innovation driver in AI-powered Autonomous Managed Detection and Response (MDR), today announced the closing of a $5 million Seed round of financing. The round was led by Foundation Capital with participation by Storm Ventures. AirMDR will use this funding to expand R&D and fuel market entry. Driven by a reliance on human resources and disparate systems, cybersecurity practitioners and traditional MDRs experience gaps in the quality and speed.
06/04 12:52 EST - businesswire.com
Barclays appoints Alexander Altmann as Global Head of Equities Tactical Strategies
LONDON & NEW YORK--(BUSINESS WIRE)--Barclays is pleased to announce the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr Altmann will join the bank in June and will be based in New York, reporting to Ronnie Wexler, Global Head of Equities Distribution. In this newly created global role, Mr Altmann will be responsible for capturing new opportunities by delivering thematic idea generation, which will drive and monetise actionable market con.
Barclays appoints Alexander Altmann as Global Head of Equities Tactical Strategies
LONDON & NEW YORK--(BUSINESS WIRE)--Barclays is pleased to announce the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr Altmann will join the bank in June and will be based in New York, reporting to Ronnie Wexler, Global Head of Equities Distribution. In this newly created global role, Mr Altmann will be responsible for capturing new opportunities by delivering thematic idea generation, which will drive and monetise actionable market con.
06/04 12:45 EST - businesswire.com
DigitalBridge to Participate in Investor and Industry Conferences in June 2024
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced senior executives from DigitalBridge will participate in the following upcoming investor and industry events: June 4-6: Datacloud Global Congress 2024 – Cannes, France Chris Moon, Managing Director of DigitalBridge Credit will be participating in a keynote panel, “How Are We Mana.
DigitalBridge to Participate in Investor and Industry Conferences in June 2024
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced senior executives from DigitalBridge will participate in the following upcoming investor and industry events: June 4-6: Datacloud Global Congress 2024 – Cannes, France Chris Moon, Managing Director of DigitalBridge Credit will be participating in a keynote panel, “How Are We Mana.
05/24 14:20 EST - seekingalpha.com
BrightSpire: 13% Yield But Negative Total Returns Since 2018
BrightSpire Capital, Inc. was spun out from DigitalBridge in 2018. The total returns on DigitalBridge since inception have been negative 69.46%, including distributions. BrightSpire is headed in the same direction.
BrightSpire: 13% Yield But Negative Total Returns Since 2018
BrightSpire Capital, Inc. was spun out from DigitalBridge in 2018. The total returns on DigitalBridge since inception have been negative 69.46%, including distributions. BrightSpire is headed in the same direction.
05/22 07:35 EST - seekingalpha.com
Earn Up To 8% Yield With AI Exposure
As the digital revolution unfolds, global corporations are poised to invest billions to remain competitive in the rapidly evolving landscape. While growth companies hold promise, their inability to deliver immediate income to shareholders presents a challenge. We discuss two picks with ~8% yields to benefit from substantial investments in AI and other digital transformations.
Earn Up To 8% Yield With AI Exposure
As the digital revolution unfolds, global corporations are poised to invest billions to remain competitive in the rapidly evolving landscape. While growth companies hold promise, their inability to deliver immediate income to shareholders presents a challenge. We discuss two picks with ~8% yields to benefit from substantial investments in AI and other digital transformations.
05/20 13:49 EST - https://www.prnewswire.com
Pioneer in Latin America, Scala Data Centers Leads Innovation with Successful Green Diesel Proof of Concept
SÃO PAULO, May 20, 2024 /PRNewswire/ -- Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, celebrates the success of its Proof of Concept (POC) confirming the technical feasibility of using hydro-treated vegetable oil (HVO), known as green diesel, in its Caterpillar backup generators. This innovation, pioneering in Latin America, reinforces Scala's leadership in adopting responsible and sustainable practices. Derived from renewable sources like vegetable oils, green diesel undergoes a hydro-treatment process, transforming it into a high-quality fuel with reduced environmental impact. Replacing fossil diesel with HVO can decrease greenhouse gas emissions by up to 85%, consolidating Scala's commitment to corporate sustainability. During the POC – conducted by Scala's Center of Excellence in Engineering (CoE) in collaboration with the Operations Team and Sotreq, Caterpillar's dealer in Brazil – HVO demonstrated excellent performance in backup generators, maintaining critical resilience of data centers without requiring changes to existing equipment. Agostinho Villela, Scala's Chief Technology Officer, emphasizes: "The transition to HVO aligns perfectly with our strategy to ensure continuous and sustainable operations without compromising the quality and reliability our customers expect from us." "We closely monitored Scala's test on Caterpillar equipment in a pioneering initiative in Latin America," adds Mauricio Garcia, Director of Sotreq's Power Unit. "The use of HVO in generators opens up a universe of possibilities, in addition to ensuring lower maintenance costs, preserving equipment, and reducing greenhouse gas emissions." While we've made significant strides in technical and environmental advancements, Scala Data Centers acknowledges the current economic challenges surrounding the implementation of hydro-treated vegetable oil (HVO) in our operations within the Latin American context, as it is 3 times more expensive than diesel. We closely monitor market trends, hoping to identify opportunities that could make the use of HVO economically viable on a larger scale. By taking the lead in this endeavor, Scala positions itself as an industry pioneer and encourages broader market participation in the direction we advocate. We anticipate that movements like ours will raise awareness within the supply chain about the substantial demand potential for HVO, prompting stakeholders to explore more attractive commercial terms conducive to its widespread adoption. Our aim is to stimulate the industry to envision and realize the future benefits of sustainable energy solutions. Christiana Weisshuhn, Chief Communications and Sustainability Officer, adds: "Green diesel is more than an alternative to fossil diesel; it is a fundamental piece in our vision of a sustainable future. We look forward to beginning the transition to HVO as it becomes economically viable, continuing to lead by example in sustainable data center management." "This proof of concept reinforces our unwavering commitment to providing excellent services to our customers, in an aspect that is fundamental to them," shares Eugênio Cruz, Data Center Operations VP. "In addition to reducing emissions, green diesel offers additional advantages, as tank cleaning and rigorous quality controls, which are necessary when using current biodiesel, will no longer be required, ensuring high availability of our sites." When HVO enters commercial-scale utilization, the plan is to begin replacing the fuel in its tanks. This reinforces Scala's leading position in the industry, spearheading the transition to cleaner energy solutions and setting new standards for sustainability in the data center sector. This remarkable advancement by Scala Data Centers sets new sustainability benchmarks in the data center industry and signals a paradigm shift in global industrial practices. Scala establishes itself as a beacon of innovation by demonstrating that cutting-edge technology and environmental responsibility can harmoniously coexist. With eyes set on the future, the company invites partners, customers, and the global community to join in this transformative journey, marking a historic moment for Scala and the entire technology industry. About Scala Data Centers Scala Data Centers is the leading sustainable data center platform in the Latin America Hyperscale market. Based in Brazil and backed by DigitalBridge, it was developed to meet and exceed the growing demand for digital access in Latin America. Scala has a highly qualified team of over 1,000 professionals and applies a flexible and innovative approach to delivering exceptional colocation services for Hyperscale customers, cloud software, service providers, and large companies. We customize state-of-the-art solutions for each client with high availability, high rate of energy efficiency, and very high density capable of supporting the AI/ML (Artificial Intelligence / Machine Learning) workloads. All this is combined with best sustainability practices guided by our ESG (Environmental, Social, Governance) program. For more information, visit https://scaladatacenters.com/en/.
Pioneer in Latin America, Scala Data Centers Leads Innovation with Successful Green Diesel Proof of Concept
SÃO PAULO, May 20, 2024 /PRNewswire/ -- Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, celebrates the success of its Proof of Concept (POC) confirming the technical feasibility of using hydro-treated vegetable oil (HVO), known as green diesel, in its Caterpillar backup generators. This innovation, pioneering in Latin America, reinforces Scala's leadership in adopting responsible and sustainable practices. Derived from renewable sources like vegetable oils, green diesel undergoes a hydro-treatment process, transforming it into a high-quality fuel with reduced environmental impact. Replacing fossil diesel with HVO can decrease greenhouse gas emissions by up to 85%, consolidating Scala's commitment to corporate sustainability. During the POC – conducted by Scala's Center of Excellence in Engineering (CoE) in collaboration with the Operations Team and Sotreq, Caterpillar's dealer in Brazil – HVO demonstrated excellent performance in backup generators, maintaining critical resilience of data centers without requiring changes to existing equipment. Agostinho Villela, Scala's Chief Technology Officer, emphasizes: "The transition to HVO aligns perfectly with our strategy to ensure continuous and sustainable operations without compromising the quality and reliability our customers expect from us." "We closely monitored Scala's test on Caterpillar equipment in a pioneering initiative in Latin America," adds Mauricio Garcia, Director of Sotreq's Power Unit. "The use of HVO in generators opens up a universe of possibilities, in addition to ensuring lower maintenance costs, preserving equipment, and reducing greenhouse gas emissions." While we've made significant strides in technical and environmental advancements, Scala Data Centers acknowledges the current economic challenges surrounding the implementation of hydro-treated vegetable oil (HVO) in our operations within the Latin American context, as it is 3 times more expensive than diesel. We closely monitor market trends, hoping to identify opportunities that could make the use of HVO economically viable on a larger scale. By taking the lead in this endeavor, Scala positions itself as an industry pioneer and encourages broader market participation in the direction we advocate. We anticipate that movements like ours will raise awareness within the supply chain about the substantial demand potential for HVO, prompting stakeholders to explore more attractive commercial terms conducive to its widespread adoption. Our aim is to stimulate the industry to envision and realize the future benefits of sustainable energy solutions. Christiana Weisshuhn, Chief Communications and Sustainability Officer, adds: "Green diesel is more than an alternative to fossil diesel; it is a fundamental piece in our vision of a sustainable future. We look forward to beginning the transition to HVO as it becomes economically viable, continuing to lead by example in sustainable data center management." "This proof of concept reinforces our unwavering commitment to providing excellent services to our customers, in an aspect that is fundamental to them," shares Eugênio Cruz, Data Center Operations VP. "In addition to reducing emissions, green diesel offers additional advantages, as tank cleaning and rigorous quality controls, which are necessary when using current biodiesel, will no longer be required, ensuring high availability of our sites." When HVO enters commercial-scale utilization, the plan is to begin replacing the fuel in its tanks. This reinforces Scala's leading position in the industry, spearheading the transition to cleaner energy solutions and setting new standards for sustainability in the data center sector. This remarkable advancement by Scala Data Centers sets new sustainability benchmarks in the data center industry and signals a paradigm shift in global industrial practices. Scala establishes itself as a beacon of innovation by demonstrating that cutting-edge technology and environmental responsibility can harmoniously coexist. With eyes set on the future, the company invites partners, customers, and the global community to join in this transformative journey, marking a historic moment for Scala and the entire technology industry. About Scala Data Centers Scala Data Centers is the leading sustainable data center platform in the Latin America Hyperscale market. Based in Brazil and backed by DigitalBridge, it was developed to meet and exceed the growing demand for digital access in Latin America. Scala has a highly qualified team of over 1,000 professionals and applies a flexible and innovative approach to delivering exceptional colocation services for Hyperscale customers, cloud software, service providers, and large companies. We customize state-of-the-art solutions for each client with high availability, high rate of energy efficiency, and very high density capable of supporting the AI/ML (Artificial Intelligence / Machine Learning) workloads. All this is combined with best sustainability practices guided by our ESG (Environmental, Social, Governance) program. For more information, visit https://scaladatacenters.com/en/.
05/20 07:26 EST - https://www.defenseworld.net
Insider Selling: Ciena Co. (NYSE:CIEN) SVP Sells $63,112.00 in Stock
Ciena Co. (NYSE:CIEN – Get Free Report) SVP Joseph Cumello sold 1,288 shares of Ciena stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $49.00, for a total value of $63,112.00. Following the completion of the transaction, the senior vice president now owns 49,883 shares of the company’s stock, valued at $2,444,267. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Joseph Cumello also recently made the following trade(s): On Monday, April 15th, Joseph Cumello sold 3,156 shares of Ciena stock. The shares were sold at an average price of $45.74, for a total value of $144,355.44. Ciena Trading Down 0.7 % Ciena stock opened at $48.85 on Monday. Ciena Co. has a 1 year low of $39.94 and a 1 year high of $63.24. The firm’s 50 day moving average price is $48.06 and its two-hundred day moving average price is $48.89. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.12 and a current ratio of 4.29. Ciena (NYSE:CIEN – Get Free Report) last announced its earnings results on Thursday, March 7th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.48 by $0.18. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Ciena had a return on equity of 9.92% and a net margin of 5.22%. Ciena’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. On average, research analysts predict that Ciena Co. will post 1.46 EPS for the current fiscal year. Wall Street Analyst Weigh In Several research firms have recently commented on CIEN. Citigroup initiated coverage on shares of Ciena in a research report on Friday, April 12th. They set a “sell” rating and a $44.00 price target for the company. StockNews.com upgraded shares of Ciena from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. BNP Paribas started coverage on Ciena in a research report on Thursday, April 11th. They set an “outperform” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Ciena from $56.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, Needham & Company LLC increased their price target on Ciena from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.79. Get Our Latest Stock Analysis on Ciena Institutional Inflows and Outflows Several institutional investors have recently made changes to their positions in CIEN. Hsbc Holdings PLC lifted its position in shares of Ciena by 87.0% in the 3rd quarter. Hsbc Holdings PLC now owns 50,597 shares of the communications equipment provider’s stock valued at $2,407,000 after acquiring an additional 23,544 shares in the last quarter. DigitalBridge Group Inc. raised its stake in Ciena by 34.4% during the 3rd quarter. DigitalBridge Group Inc. now owns 352,727 shares of the communications equipment provider’s stock valued at $16,670,000 after purchasing an additional 90,206 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Ciena by 2.2% in the third quarter. HighTower Advisors LLC now owns 17,585 shares of the communications equipment provider’s stock valued at $833,000 after purchasing an additional 376 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Ciena in the third quarter worth $483,000. Finally, Atreides Management LP purchased a new position in shares of Ciena during the third quarter valued at $77,883,000. 91.99% of the stock is owned by hedge funds and other institutional investors. Ciena Company Profile (Get Free Report) Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Read More Five stocks we like better than Ciena Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index CVS Health Stock Has a Silver Lining Called Value What Are Dividend Achievers? An Introduction Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Find and Profitably Trade Stocks at 52-Week Lows 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off
Insider Selling: Ciena Co. (NYSE:CIEN) SVP Sells $63,112.00 in Stock
Ciena Co. (NYSE:CIEN – Get Free Report) SVP Joseph Cumello sold 1,288 shares of Ciena stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $49.00, for a total value of $63,112.00. Following the completion of the transaction, the senior vice president now owns 49,883 shares of the company’s stock, valued at $2,444,267. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Joseph Cumello also recently made the following trade(s): On Monday, April 15th, Joseph Cumello sold 3,156 shares of Ciena stock. The shares were sold at an average price of $45.74, for a total value of $144,355.44. Ciena Trading Down 0.7 % Ciena stock opened at $48.85 on Monday. Ciena Co. has a 1 year low of $39.94 and a 1 year high of $63.24. The firm’s 50 day moving average price is $48.06 and its two-hundred day moving average price is $48.89. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.12 and a current ratio of 4.29. Ciena (NYSE:CIEN – Get Free Report) last announced its earnings results on Thursday, March 7th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.48 by $0.18. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Ciena had a return on equity of 9.92% and a net margin of 5.22%. Ciena’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. On average, research analysts predict that Ciena Co. will post 1.46 EPS for the current fiscal year. Wall Street Analyst Weigh In Several research firms have recently commented on CIEN. Citigroup initiated coverage on shares of Ciena in a research report on Friday, April 12th. They set a “sell” rating and a $44.00 price target for the company. StockNews.com upgraded shares of Ciena from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. BNP Paribas started coverage on Ciena in a research report on Thursday, April 11th. They set an “outperform” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Ciena from $56.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, Needham & Company LLC increased their price target on Ciena from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.79. Get Our Latest Stock Analysis on Ciena Institutional Inflows and Outflows Several institutional investors have recently made changes to their positions in CIEN. Hsbc Holdings PLC lifted its position in shares of Ciena by 87.0% in the 3rd quarter. Hsbc Holdings PLC now owns 50,597 shares of the communications equipment provider’s stock valued at $2,407,000 after acquiring an additional 23,544 shares in the last quarter. DigitalBridge Group Inc. raised its stake in Ciena by 34.4% during the 3rd quarter. DigitalBridge Group Inc. now owns 352,727 shares of the communications equipment provider’s stock valued at $16,670,000 after purchasing an additional 90,206 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Ciena by 2.2% in the third quarter. HighTower Advisors LLC now owns 17,585 shares of the communications equipment provider’s stock valued at $833,000 after purchasing an additional 376 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Ciena in the third quarter worth $483,000. Finally, Atreides Management LP purchased a new position in shares of Ciena during the third quarter valued at $77,883,000. 91.99% of the stock is owned by hedge funds and other institutional investors. Ciena Company Profile (Get Free Report) Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Read More Five stocks we like better than Ciena Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index CVS Health Stock Has a Silver Lining Called Value What Are Dividend Achievers? An Introduction Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Find and Profitably Trade Stocks at 52-Week Lows 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off
05/17 17:46 EST - investorplace.com
The 7 Most Undervalued Stocks Under $20 to Buy in May 2024
The markets are moving higher after a cooler reading on inflation stirs hopes that interest rates will be cut at some point in 2024. However, with many stocks still looking significantly overvalued, investors are on the hunt for undervalued cheap stocks.
The 7 Most Undervalued Stocks Under $20 to Buy in May 2024
The markets are moving higher after a cooler reading on inflation stirs hopes that interest rates will be cut at some point in 2024. However, with many stocks still looking significantly overvalued, investors are on the hunt for undervalued cheap stocks.
04/30 20:59 EST - seekingalpha.com
DigitalBridge Group, Inc. (DBRG) Q1 2024 Earnings Call Transcript
DigitalBridge Group, Inc. (NYSE:DBRG ) Q1 2024 Earnings Call Transcript April 30, 2024 5:00 PM ET Company Participants Severin White - IR Marc Ganzi - CEO Tom Mayrhofer - CFO Conference Call Participants Michael Elias - Cowen & Company Jade Rahmani - KBW Ric Prentiss - Raymond James Richard Choe - JPMorgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Operator Good day and welcome to DigitalBridge Group, Inc.'s First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.
DigitalBridge Group, Inc. (DBRG) Q1 2024 Earnings Call Transcript
DigitalBridge Group, Inc. (NYSE:DBRG ) Q1 2024 Earnings Call Transcript April 30, 2024 5:00 PM ET Company Participants Severin White - IR Marc Ganzi - CEO Tom Mayrhofer - CFO Conference Call Participants Michael Elias - Cowen & Company Jade Rahmani - KBW Ric Prentiss - Raymond James Richard Choe - JPMorgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Operator Good day and welcome to DigitalBridge Group, Inc.'s First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.
04/30 20:06 EST - zacks.com
DigitalBridge (DBRG) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for DigitalBridge (DBRG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DigitalBridge (DBRG) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for DigitalBridge (DBRG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
04/30 18:46 EST - zacks.com
DigitalBridge (DBRG) Q1 Earnings and Revenues Miss Estimates
DigitalBridge (DBRG) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago.
DigitalBridge (DBRG) Q1 Earnings and Revenues Miss Estimates
DigitalBridge (DBRG) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago.
04/30 16:35 EST - businesswire.com
DigitalBridge Reports First Quarter 2024 Financial Results
BOCA RATON, Fla.--(BUSINESS WIRE)-- #digitalbridge--DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced financial results for the first quarter 2024. The earnings presentation is available at the following link, Q1 2024 Presentation. First Quarter 2024 Conference Call The Company will conduct an earnings conference call and presentation to discuss the first quarter 2024 financial r.
DigitalBridge Reports First Quarter 2024 Financial Results
BOCA RATON, Fla.--(BUSINESS WIRE)-- #digitalbridge--DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced financial results for the first quarter 2024. The earnings presentation is available at the following link, Q1 2024 Presentation. First Quarter 2024 Conference Call The Company will conduct an earnings conference call and presentation to discuss the first quarter 2024 financial r.