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

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. Sify Technologies had a negative net margin of 3.02% and a negative return on equity of 14.64%. The firm had revenue of $130.13 million for the quarter, compared to the consensus estimate of $188.23 million.

Sify Technologies Trading Down 4.1%

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

Hedge Funds Weigh In On Sify Technologies

A number of institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sify Technologies in the fourth quarter valued at approximately $400,000. Lighthouse Investment Partners LLC acquired a new position in shares of Sify Technologies during the 3rd quarter worth approximately $273,000. Acadian Asset Management LLC increased its holdings in shares of Sify Technologies by 75.4% during the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after acquiring an additional 84,958 shares during the last quarter. Renaissance Technologies LLC raised its stake in Sify Technologies by 22.2% in the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock valued at $241,000 after acquiring an additional 3,600 shares during the period. Finally, XTX Topco Ltd bought a new stake in Sify Technologies in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Sify Technologies

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.