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Vertiv Holdings Co (VRT), together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
It offers AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.
The company also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and digital critical infrastructure software services.
It offers its products primarily under the Vertiv, Liebert, NetSure, Geist, E&I, Powerbar, and Avocent brands.
The company serves social media, financial services, healthcare, transportation, retail, education, and government industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. Vertiv Holdings Co is headquartered in Westerville, Ohio.
Vertiv Holdings Co reported earnings of $0.52 per share on revenue of $1.74 billion for the third quarter ended September 2023. The consensus earnings estimate was $0.44 per share on revenue of $1.75 billion. The company beat expectations by 10.64% while revenue grew 17.66% on a year-over-year basis.
The company said it expects fourth quarter earnings of $0.48 to $0.52 per share on revenue of $1.828 billion to $1.853 billion. The current consensus earnings estimate is $0.47 per share on revenue of $1.82 billion for the quarter ending December 31, 2023.
With the companies currently focused on rolling out artificial intelligence, the company will benefit from their clients heading into the new year.
Entry Point: $47.00
Trading Range: $11.95 - $47.25
Stop Loss: $44.65
Target Price: $51.70
