The Benchmark Company Analysts Downgrade SAVVIS, Inc. (SVVS) Shares to "Hold"
Tuesday, June 28, 2021 8:19 AM

Equities research analysts at The Benchmark Company downgraded shares of SAVVIS, Inc. (NASDAQ: SVVS) from a "buy" rating to a "hold" rating in a research note to investors on Tuesday. The analysts currently have a $40.00 price target on the stock, down from $45.00.

Separately, analysts at RBC Capital (NYSE: RY) downgraded shares of SAVVIS, Inc. from an "outperform" rating to a "sector perform" rating in a research note to investors on Thursday, April 28th. They now have a $40.00 price target on the stock, up previously from $38.00. Also, analysts at Kaufman Brothers downgraded shares of SAVVIS, Inc. from a "buy" rating to a "hold" rating in a research note to investors on Wednesday, April 27th. They now have a $40.00 price target on the stock.

Shares of SAVVIS, Inc. opened at 39.59 on Wednesday. SAVVIS, Inc. has a 52 week low of $14.47 and a 52 week high of $39.43. The stock's 50-day moving average is $39.33 and its 200-day moving average is $34.20. The company has a market cap of $2.278 billion.

SAVVIS, Inc. last announced its quarterly results on Wednesday, April 27th. The company reported ($0.03) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.11) EPS by $0.08. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 1.70% on a year-over-year basis. On average, analysts predict that SAVVIS, Inc. will post $-0.07 EPS next quarter.

SAVVIS, Inc. (SAVVIS) provides information technology (IT), services including cloud services, managed hosting, managed security, colocation, professional services, and network services, through its global infrastructure to businesses and government agencies around the world. The Company’s services are designed to offer IT solutions that meet the specific IT infrastructure and business needs of its customers. Its suite of products can be purchased individually, in various combinations, or as part of a total or partial outsourcing arrangement. Its colocation solutions meet the specific needs of customers who require control of their physical assets, while its managed hosting solution offerings provide customers with access to its services and infrastructure without the upfront capital costs associated with equipment acquisition. The Company operates in two segments: hosting and network. In June 2010, the Company acquired Fusepoint, Inc.

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