Inside Bar (Bullish)
|Bid||23.19 x 1100|
|Ask||23.33 x 900|
|Day's Range||22.59 - 24.17|
|52 Week Range||21.00 - 36.65|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||25.06|
|Earnings Date||Apr 22, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||2.47 (11.21%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||31.75|
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
(Bloomberg) -- This has been the decade of the data center, which can be measured in a ten-fold increase in traffic and a 25-fold jump in worldwide storage. The surge was thought to come with a steep cost for the climate, since all those racks of servers run hot enough to require special cooling systems and vast amounts of energy. But data centers are rapidly becoming more energy efficient, and new research suggests there’s no longer a close link between more cloud computing and more energy use. A report published Thursday in Science credits the progress to better management, more efficient hardware and the rise of “hyperscale” data centers created by tech giants.Back in 2010, according to the report, data centers globally used about 194 terawatt-hours of electricity—about as much power as Iran used that year. By 2018 that figure had increased to 205 TWh. That’s a 6% rise in power use, in a period that saw data-center computing grow by 550%.The data-center industry’s 20% annual improvement in energy intensity dwarfs all other major parts of the economy. The power used today by data centers, 1% of the global total, is roughly the same as it was in 2010.This was an unexpected result. Analysts have extrapolated the incredible rise in cloud computing on to data-center electricity consumption “leading to unreliable predictions of current and future global data center energy use,” according to the report in Science. Instead of collecting and analyzing power-use data, some researchers had been taking the growth factor seen in data-center internet traffic and assuming energy use was growing just as quickly. This new research is the first major attempt to compile a bottom-up view of data-center energy use in a decade. Researchers based their work on reports published by Cisco Systems, Inc., Lawrence Berkeley National Laboratory and the International Energy Agency, among other sources.“We don’t have nationally reported statistics for data centers,” said Eric Masanet, lead author and a mechanical engineering professor at Northwestern University. That created a lot of work for him and his colleagues. “We don’t see these estimates come out very often.”In a blog post Thursday, Google celebrated the findings and touted the company’s own efforts at buying renewable power and cutting energy use. Urs Hölzle, senior vice president for technical infrastructure, wrote that Google can now harness about seven times as much computing power from the same amount of energy as it could five years ago. (Google and its parent company, Alphabet Inc., were not involved in the research by Masanet’s team or its funding.)Can the trend continue? The rise of hyperscale data centers and potential for better efficiency in storage means that computing and power use may continue to diverge, at least through the next doubling of data-center workloads, which is estimated to take 3 to 4 years. Masanet and his co-authors recommend policy changes to support continued efficiency gains. Government efforts such as the Energy Star program in the U.S. can include servers and networking equipment. Renewable energy can play an even bigger role in data centers through tax credits and procurement standards. Finally, there can be better data about data centers. “Data centers are becoming way too important to not rally more research behind them,” Masanet said.To contact the author of this story: Eric Roston in New York at email@example.comTo contact the editor responsible for this story: Aaron Rutkoff at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced that William Meaney, President & CEO and Barry Hytinen, Executive Vice President and CFO, will participate in the following upcoming investor events:
For consumers and businesses with storage needs, MakeSpace comes to the customer to pick up items using professional movers, stores the items in a warehouse and delivers them back when needed. The East Coast company has taken up some prime downtown office space and its CEO told the Business Journal about its growth plans in the Valley.
We are adding a high-yielding REIT, Iron Mountain (IRM), to our Income/Value Portfolio; specializing in the secure storage and retrieval of data and records for organizations, the company has around 225,000 customers in roughly 50 countries worldwide, explains Scott Chan, editor of The Complete Investor.
To the extent that high-priced stocks indicate successful companies, perhaps low-priced stocks indicate struggling companies, suggests turnaround specialist George Putnam, editor of The Turnaround Letter.
Shares of storage and document management company Iron Mountain Inc. rose about 6% Thursday, after the company beat earnings estimates for the fourth quarter. The Boston-based REIT said it had net income of $37.1 million, or 13 cents a share, in the quarter, down from $158.6 million, or 55 cents a share, in the year-earlier period. Funds from operations came to 65 cents, a penny ahead of the 64 cents FactSet consensus. Revenue rose to $1.08 billion from $1.06 billion, also ahead of the $1.07 billion FactSet consensus. The company, which is in the midst of an overhaul of operations, said revenue from storage rentals rose 2.5% in all of 2019. The company is now expecting 2020 revenue of $4.375 billion to $4.475 billion and adjusted EPS of $1.15 to $1.25. Shares have fallen 7.5% in the last 12 months, while the S&P 500 has gained 23%.
While Iron Mountain's (IRM) Q4 performance reflects healthy storage revenues aided by solid contribution from revenue management, headwinds from paper prices are concerns.
Persistently declining volumes in North America amid shrinking hard-copy documentation needs are expected to have dented Iron Mountain's (IRM) data-management service revenues in Q4.
Alexandria's (ARE) Q4 performance likely to reflect gains from solid leasing activity and rental rate growth, helping the company bank on the high demand for well-located life-science properties.
Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, announced the tax treatment for all 2019 distributions on its common stock.
Iron Mountain Incorporated®, the global leader in storage and information management services, today announced a perfect score of 100 on the 2020 Corporate Equality Index (CEI) for the third consecutive year. CEI is the nation's premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. Iron Mountain joins the ranks of over 680 major U.S. businesses that also earned top marks this year.
Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its fourth quarter and full year 2019 financial results before market hours on Thursday, February 13, 2020. The Company will also host a conference call to discuss results on the same day.