We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Digital Realty's Oakland Data Center to Support Shadowserver
Read MoreHide Full Article
Digital Realty (DLR - Free Report) recently inked a deal with The Shadowserver Foundation for supporting the latter’s data-center needs at Digital Realty's facility in Oakland, CA. The company’s Network Hub solution on PlatformDIGITAL™ will help the foundation strengthen its internet security.
According to Digital Realty chief technology officer Chris Sharp "With Network Hub on PlatformDIGITAL™, organizations can break through data gravity barriers to scale digital business.”
Notably, the Oakland data center of Digital Realty provides direct access to Silicon Valley and the capacity to support high-density deployments, offering agility and flexibility to assist customers meet their rising data-center requirements. The Oakland data center has access to more than 60 networks within Digital Realty's Bay Area Connected Campus and is well poised to support the foundation in streamlining its data-center network.
With growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure, data-center REITs are witnessing a boom market. Furthermore, the estimated growth rates for the artificial intelligence, autonomous vehicle and virtual/augmented reality markets will remain robust over the next five to six years. Apart from these, data centers are poised to benefit from the heightening reliance on technology in wake of the coronavirus pandemic. As such data-center REITs, including Digital Realty, Equinix, Inc. (EQIX - Free Report) , CyrusOne Inc. and CoreSite Realty Corporation (COR - Free Report) , will keep witnessing significant demand.
Digital Realty is poised to benefit from this healthy market fundamental through accretive acquisitions, development and expansion efforts.During the first quarter, the company completed the acquisition of Interxion, a European provider of carrier and cloud-neutral colocation data-center services for a total consideration of $8.4 billion, including debt. The combined entity enjoys enhanced presence in major European metro areas, and its size and scale is expected to result in an efficient cost structure and superior EBITDA margins.
Such encouraging factors have helped Digital Realty’s shares gain 9.8% so far this year, as against the industry’s decline of 16.5%.
However, Digital Realty faces stiff competition from several data-center developers, owners and operators, many of which enjoy ownership of similar assets in locations same as the company. As the data-center market has the potential of further growth, these REITs remain under aggressive pricing pressure.
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Digital Realty's Oakland Data Center to Support Shadowserver
Digital Realty (DLR - Free Report) recently inked a deal with The Shadowserver Foundation for supporting the latter’s data-center needs at Digital Realty's facility in Oakland, CA. The company’s Network Hub solution on PlatformDIGITAL™ will help the foundation strengthen its internet security.
According to Digital Realty chief technology officer Chris Sharp "With Network Hub on PlatformDIGITAL™, organizations can break through data gravity barriers to scale digital business.”
Notably, the Oakland data center of Digital Realty provides direct access to Silicon Valley and the capacity to support high-density deployments, offering agility and flexibility to assist customers meet their rising data-center requirements. The Oakland data center has access to more than 60 networks within Digital Realty's Bay Area Connected Campus and is well poised to support the foundation in streamlining its data-center network.
With growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure, data-center REITs are witnessing a boom market. Furthermore, the estimated growth rates for the artificial intelligence, autonomous vehicle and virtual/augmented reality markets will remain robust over the next five to six years. Apart from these, data centers are poised to benefit from the heightening reliance on technology in wake of the coronavirus pandemic. As such data-center REITs, including Digital Realty, Equinix, Inc. (EQIX - Free Report) , CyrusOne Inc. and CoreSite Realty Corporation (COR - Free Report) , will keep witnessing significant demand.
Digital Realty is poised to benefit from this healthy market fundamental through accretive acquisitions, development and expansion efforts.During the first quarter, the company completed the acquisition of Interxion, a European provider of carrier and cloud-neutral colocation data-center services for a total consideration of $8.4 billion, including debt. The combined entity enjoys enhanced presence in major European metro areas, and its size and scale is expected to result in an efficient cost structure and superior EBITDA margins.
Such encouraging factors have helped Digital Realty’s shares gain 9.8% so far this year, as against the industry’s decline of 16.5%.
However, Digital Realty faces stiff competition from several data-center developers, owners and operators, many of which enjoy ownership of similar assets in locations same as the company. As the data-center market has the potential of further growth, these REITs remain under aggressive pricing pressure.
Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>