NEXTDC is a technology company enabling business transformation through innovative data centre outsourcing solutions, connectivity services and infrastructure management software.
The data centre industry is constantly growing alongside the global economy, especially with people are working and operating businesses from home.
NEXTDC recently announced that they have won several new material customer contracts, which is a positive sign for a high growth company. Revenues from these new contracts will be commencing during the 2021 financial year, according to management.
The CEO recently said, “The demand for our data centre services continues to accelerate and exceed our expectations, yet requires discipline and patience as the nexus between the hyperscale capacity planning, site development, infrastructure deployment and revenue recognition can in practice be 2-3 years for these very large hyperscale developments.”
NEXTDC solutions include:
NEXTDC services include:
NEXTDC main competitors:
NEXTDC quick fundamentals:
My opinion:
I am buying NEXTDC shares for the long term. They are expanding every single day and I think there is still a lot of growth potential for the long term. The fact that they are able to land new contracts in tough times like these, makes me feel positive about the business. The stock has had some momentum when you look at the year-to-date performance.
The management is forward-thinking and plan for the long term.
I am buying some NEXTDC shares, for the long term.
Log into EasyEquities
to view Xero Ltd
Higgo van Biljon
Easy user, Founder & CEO FinMeUp
Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by Higgo van Biljon, Founder and Chief Executive Officer of FinMeUp as general market commentary, and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.