Interxion makes progress in cloud computing, emerges on analysts’ radar
October 3, 2012
Grazed from NewPakistan. Author: Usman Khalid.
William Blair and Co. started coverage of cloud-computing service providers Interxion Holding with a buy rating. The investment bank had positive view about the company for the reason that it has a strong business model to go forward. “This company has a solid competitive position and attractive business model, which includes predominantly recurring revenue streams, largely fixed-cost infrastructure and expanding free cash flow,” analyst Jim Breen wrote in a research note.
The cloud-computing industry had caught root of late due to the cost-effective model of storing and retrieving data from remote services. More and more companies are plunging into cloud computing and virtual server configurations due to the fact that they consume fewer resources and provide the same services and on-site services…
Interxion was trading at $22.43 on Tuesday, down one percent from the day before, but up 66 percent this year…
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