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Cyxtera (NASDAQ: CYXT) will have its Chief Financial Officer, Carlos Sagasta, participating in a virtual fireside chat at Citi’s AppsEconomy Conference on January 7, 2022, at 9 a.m. Eastern Time. A live audio webcast will be available on the company's investor relations website, with an archive following the event. Cyxtera operates 61 data centers across 28 global markets, serving over 2,300 enterprises and U.S. federal agencies.
Cyxtera (NASDAQ: CYXT) announced the redemption of all outstanding Public Warrants to purchase Class A common stock for $0.10 each, effective as of 5:00 p.m. on January 19, 2022. The redemption follows the Warrant Agreement's terms, stating that the Company may redeem the Public Warrants if the Common Stock's last sales price is at least $10.00 prior to the redemption notice. Holders may exercise their Warrants until the specified time, either by cash payment of $11.50 per share or on a cashless basis. Unexercised Warrants post-deadline will become void.
Cyxtera (NASDAQ: CYXT) reported Q3 2021 results, showcasing total revenue growth of 2.9% year-over-year to $177.1 million. The company raised its full-year 2021 revenue guidance to $699 million and Transaction Adjusted EBITDA to $225 million. Despite a net loss of $46.7 million, Transaction Adjusted EBITDA increased 6.4% to $58.1 million. Core annualized bookings rose by 2.5% with improved churn rates. Cyxtera also announced the launch of new services and received credit rating upgrades from S&P and Moody’s, reinforcing its market position.
Cyxtera has strengthened its collaboration with NVIDIA by supporting startups through the NVIDIA Inception program, aimed at fostering innovation in AI, data science, and HPC. This partnership will offer NVIDIA-powered digital infrastructure resources to startups in their proof-of-concept stages. Cyxtera's AI/ML compute as a service will provide members with credits for on-demand compute resources using NVIDIA DGX™ A100 systems, facilitating growth and infrastructure efficiency for accelerated machine learning workloads.
Cyxtera (NASDAQ: CYXT), a leader in data center colocation and interconnection services, announced its participation in several upcoming investor conferences. Notable events include:
- Nareit REITWorld: Virtual meetings on November 10, 2021.
- Credit Suisse 25th Annual Technology Conference: Presentation on November 30, 2021, at 3:55 p.m. ET.
- Wells Fargo Virtual 5th Annual TMT Summit: Presentation on December 1, 2021, at 1:20 p.m. ET.
- Raymond James TMT Conference: Panel discussion on December 6, 2021, at 10:30 a.m. ET.
Webcasts will be available on Cyxtera's website.
Cyxtera (NASDAQ: CYXT) announces its third quarter 2021 earnings conference call scheduled for November 15, 2021, at 8:30 am ET. The call will cover the company's financial results for the period ending September 30, 2021. Financial results will be released before the call. Investors can access the call via phone or through a live webcast on the company’s Investor Relations page. A replay will be available until November 22, 2021.
Cyxtera provides data center colocation and interconnection services globally, operating 61 data centers across 28 markets.
Cyxtera has launched its Smart Cabinets, enabling on-demand colocation with integrated power and network connectivity. This solution allows customers to deploy infrastructure rapidly, mirroring cloud scalability while retaining dedicated resources. Available in over 10 global data center markets by Q1 2022, this innovation aims to streamline colocation processes for enterprises, SMBs, and service providers. Cyxtera's digital exchange facilitates seamless integration across various environments, enhancing operational efficiency.
Cyxtera (NASDAQ: CYXT) has appointed Greer Aviv as Senior Vice President of Investor Relations to enhance engagement with the investment community. With over 20 years of experience in finance and communications in the data center sector, Aviv will focus on building relationships with equity analysts and supporting the company's ESG initiatives. Chief Financial Officer Carlos Sagasta expressed enthusiasm about Aviv’s role, emphasizing the importance of communication with stakeholders as Cyxtera aims for growth and innovation in serving customers and creating shareholder value.
On September 20, 2021, Cyxtera (NASDAQ: CYXT) announced an upgrade of its credit rating by Moody’s Investors Service to B3 with a stable outlook. This upgrade reflects Cyxtera's expected revenue and EBITDA growth, improved bookings, and a strengthened balance sheet following its merger with Starboard Value Acquisition Corp. Furthermore, Standard & Poor’s assigned a B- credit rating to Cyxtera Technologies. The stable outlook indicates confidence in Cyxtera's ability to manage debt leverage and fund expansion effectively.
Cyxtera has been awarded the Nutanix Global Service Provider of the Year during the Nutanix Global .NEXT Digital Experience conference. This recognition highlights Cyxtera's ongoing partnership with Nutanix, where they provide on-demand access to Nutanix’s Hyperconverged Infrastructure (HCI) software. Cyxtera has been offering Nutanix products since 2018, enabling businesses to utilize cloud-like flexibility directly in their data centers. The partnership extends to the Federal market with the launch of the Nutanix Federal Innovation Lab.
