Sify Technologies (NASDAQ:SIFY) Announces Quarterly Earnings Results

Sify Technologies (NASDAQ:SIFY) posted its earnings results on Monday. The technology company reported ($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $128.86 million for the quarter. Sify Technologies had a negative return on equity of 15.31% and a negative net margin of 3.61%.

Sify Technologies Stock Up 0.2%

SIFY traded up $0.03 during trading on Monday, reaching $15.02. 115,484 shares of the company were exchanged, compared to its average volume of 80,081. The company’s 50-day moving average is $11.67 and its two-hundred day moving average is $10.33. Sify Technologies has a 12-month low of $2.85 and a 12-month high of $17.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.74 and a current ratio of 0.88.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Sify Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sify Technologies presently has a consensus rating of “Sell”.

Institutional Trading of Sify Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in shares of Sify Technologies in the 2nd quarter worth approximately $50,000. Baader Bank Aktiengesellschaft bought a new position in Sify Technologies during the 3rd quarter valued at approximately $137,000. Schroder Investment Management Group raised its stake in Sify Technologies by 5.6% during the second quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after buying an additional 2,244 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in Sify Technologies in the third quarter worth $273,000. Finally, Acadian Asset Management LLC grew its stake in shares of Sify Technologies by 75.4% in the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after acquiring an additional 84,958 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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.