GDS (GDS) Projected to Post Earnings on Wednesday

GDS (NASDAQ:GDS) is expected to release its earnings data before the market opens on Wednesday, March 19th. Analysts expect GDS to post earnings of ($0.22) per share and revenue of $3.11 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

GDS Trading Up 5.2 %

NASDAQ:GDS opened at $35.27 on Monday. The stock’s 50 day moving average price is $30.91 and its 200 day moving average price is $24.11. The company has a market capitalization of $6.72 billion, a PE ratio of -11.56 and a beta of 0.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 52-week low of $5.85 and a 52-week high of $52.50.

Analyst Ratings Changes

A number of research firms have weighed in on GDS. StockNews.com cut GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Citizens Jmp raised GDS to a “strong-buy” rating in a research report on Monday, January 27th. JMP Securities began coverage on GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective for the company. Raymond James increased their price objective on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group cut GDS from a “buy” rating to a “hold” rating and increased their price objective for the stock from $27.06 to $45.00 in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, GDS currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

About GDS

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.