Sify Technologies (NASDAQ:SIFY) Posts Quarterly Earnings Results, Hits Estimates

Sify Technologies (NASDAQ:SIFY) posted its quarterly earnings data on Thursday. The technology company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, FiscalAI reports. Sify Technologies had a negative net margin of 1.97% and a negative return on equity of 7.24%. The business had revenue of $130.13 million during the quarter, compared to analyst estimates of $188.23 million.

Sify Technologies Stock Performance

NASDAQ SIFY opened at $14.69 on Friday. The company has a fifty day moving average of $15.84 and a two-hundred day moving average of $14.83. Sify Technologies has a 1 year low of $4.84 and a 1 year high of $17.85. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.65 and a current ratio of 0.74.

Institutional Trading of Sify Technologies

A number of large investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new position in Sify Technologies during the 4th quarter worth approximately $400,000. Renaissance Technologies LLC grew its position in shares of Sify Technologies by 22.2% during the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after acquiring an additional 3,600 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Sify Technologies during the third quarter worth approximately $273,000. XTX Topco Ltd acquired a new position in shares of Sify Technologies in the 2nd quarter valued at $50,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Sify Technologies by 75.4% in the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock valued at $838,000 after acquiring an additional 84,958 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings cut shares of Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Wall Street Zen raised Sify Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Sify Technologies Company Profile

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.