Sify Technologies (NASDAQ:SIFY) Releases Earnings Results, Hits Expectations

Sify Technologies (NASDAQ:SIFY) announced its earnings results on Thursday. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01, FiscalAI reports. The business had revenue of $130.13 million during the quarter, compared to the consensus estimate of $188.23 million. Sify Technologies had a negative net margin of 3.02% and a negative return on equity of 14.64%.

Sify Technologies Stock Performance

Shares of Sify Technologies stock opened at $14.34 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $15.87 and a 200-day moving average of $14.82. Sify Technologies has a 1-year low of $4.84 and a 1-year high of $17.85.

Analyst Ratings Changes

Several brokerages have weighed in on SIFY. Weiss Ratings cut shares of Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Wall Street Zen upgraded shares of Sify Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Sify Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIFY. Acadian Asset Management LLC increased its stake in shares of Sify Technologies by 75.4% in the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock valued at $838,000 after purchasing an additional 84,958 shares during the last quarter. XTX Topco Ltd bought a new position in Sify Technologies in the second quarter valued at about $50,000. Lighthouse Investment Partners LLC bought a new position in shares of Sify Technologies in the third quarter worth about $273,000. Renaissance Technologies LLC grew its holdings in shares of Sify Technologies by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock valued at $241,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Sify Technologies during the 4th quarter worth approximately $400,000. 0.61% of the stock is currently owned by institutional investors.

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.