Vertiv Holdings Q3 Non-GAAP EPS beats expectations

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Vertiv Holdings ($NYSE:VRT) is a publicly traded company that provides critical infrastructure for data centers and other mission-critical environments. The company’s third quarter results showed a non-GAAP EPS of $0.23, which beat expectations by $0.02. This was driven by strong sales in Vertiv’s data center and enterprise businesses. The company’s stock price has responded positively to the news, and analysts are bullish on Vertiv’s prospects going forward.

Earnings

Vertiv Holdings, a leading provider of data center solutions, has reported strong earnings for the third quarter of FY2022. Total revenue for the quarter was 5195.2M USD, an increase of 3.9% compared to the same period last year. Net income was 107.0M USD, a decrease of 10.5% compared to the previous year. The company attributed the strong performance to continued demand for data center solutions and services across all geographies.

Vertiv Holdings also announced that it has signed a definitive agreement to acquire A10 Networks, a leading provider of application and security solutions. Looking ahead, Vertiv Holdings remains confident in its ability to deliver strong results and drive shareholder value. The company is well-positioned to benefit from the continuing growth of the data center market and the increasing demand for data center solutions.

Market Price

On Wednesday, Vertiv Holdings stock opened at $14.2 and closed at $14.6, up by 3.3% from last closing price of 14.1. This surge came after the company reported better-than-expected non-GAAP earnings per share for the third quarter. This was driven by strong performance in the company’s core businesses, offset by higher interest expense and restructuring charges. This revised guidance reflects the company’s strong performance in the first nine months of the year as well as its confidence in the outlook for the fourth quarter.

Vertiv Holdings is a leading provider of critical infrastructure solutions for data centers, communication networks and commercial and industrial facilities. The company’s products and services help customers ensure uninterrupted power supply, efficient cooling and optimal management of networked equipment.

VI Analysis

According to the app, the company’s fundamentals reflect its long term potential. The company is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. The app also states that the company is strong in dividend, growth, profitability and weak in asset. The app’s star chart gives the company an intermediate health score of 4/10 with regard to its cashflows and debt, meaning it is likely to pay off debt and fund future operations.

VI Peers

The competition among Vertiv Holdings Co, Enedo PLC, Landis+Gyr Group AG, and Cyberpower Systems Inc is fierce. All four companies are vying for a share of the market for critical infrastructure solutions. Enedo PLC is a provider of critical infrastructure solutions. Landis+Gyr Group AG is a provider of critical infrastructure solutions. Cyberpower Systems Inc is a provider of critical infrastructure solutions.

– Enedo PLC ($LTS:0E96)

Enedo PLC is a clinical-stage biopharmaceutical company dedicated to the development of first-in-class therapies for the treatment of cancer. The company’s market cap is 17.11M as of 2022 and its ROE is -72.98%. Enedo’s lead candidate, ENED-150, is a targeted therapy that is currently being evaluated in a Phase 1 clinical trial in patients with solid tumors.

– Landis+Gyr Group AG ($LTS:0RTL)

The Landis+Gyr Group AG is a Swiss-based company that focuses on the development and production of products and solutions in the field of energy management. The company has a market capitalization of 1.58 billion as of 2022 and a return on equity of 4.42%. Landis+Gyr is a leading provider of advanced metering, data collection and communication systems for electric, gas and water utilities. The company’s products and solutions are used by utilities around the world to manage energy resources more efficiently, provide better customer service and reduce environmental impact.

– Cyberpower Systems Inc ($TWSE:3617)

Cyberpower Systems Inc is a publicly traded company with a market capitalization of $7.36 billion as of 2022. The company has a return on equity of 6.69%. Cyberpower Systems Inc is engaged in the design, manufacture, and marketing of power protection and power management products, including UPS systems, inverters, surge protectors, and batteries. The company also provides data center solutions, such as data center infrastructure management, server and storage virtualization, and cloud computing solutions.

Summary

Vertiv Holdings is a publicly traded company that provides critical infrastructure solutions for data centers, communication networks, and commercial and industrial facilities. The company has a strong track record of providing high-quality products and services to its customers, and its stock price has followed suit, moving up in value in recent years. Investors who are interested in Vertiv Holdings may want to consider the company’s strong financial position, its strong customer base, and its history of providing high-quality products and services.