Iron Mountain Inc. (IRM)
Iron Mountain (IRM) Q3 FFO and Revenues Surpass Estimates
Iron Mountain (IRM) came out with quarterly funds from operations (FFO) of $1.13 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to FFO of $0.99 per share a year ago.
Iron Mountain third-quarter FFO rises amid strong data center demand
Iron Mountain on Wednesday posted a rise in its funds from operations (FFO) for the third quarter, driven by robust demand for its data centers.
Iron Mountain to Post Q3 Earnings: What's in the Cards for the Stock?
IRM's Q3 results are likely to show strength in core storage and record management businesses and solid data center demand, despite higher interest expenses.
Curious about Iron Mountain (IRM) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Evaluate the expected performance of Iron Mountain (IRM) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
The Big 3: IRM, NFLX, RTX
Aquiles Larrea is a fan of today's Big 3, it just comes to down to when investors should jump onto the stocks. He joins Rick Ducat in breaking down the technical trends for Iron Mountain (IRM), Netflix (NFLX), and RTX Corp. (RTX).
Should You Consider Adding Iron Mountain Stock to Your Portfolio?
Strong cash flows in the storage and records management segment, and a focus on the data center business are positives for IRM. High competition is concerning.
Key Reasons to Add Iron Mountain Stock to Your Portfolio Now
Strong cash flows from the storage and records management businesses, data-center business expansion and healthy balance sheet are likely to support IRM.
Iron Mountain Stock Rises 30% in Three Months: Will the Trend Last?
Strong cash flows in the storage and records management business and a focus on the data center business are upsides for IRM.
Iron Mountain's Rapid Ascent Necessitates A Downgrade
Iron Mountain has seen significant growth, with the stock up 300.3% since February 2021. The company's Global RIM segment and Global Data Center Business have both shown robust revenue and profit growth, driven largely by organic expansion. Despite impressive growth, the high capital costs for data center expansion and current lofty valuations make Iron Mountain too expensive for a 'buy' rating.
Iron Mountain Incorporated (IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference (Transcript)
Iron Mountain Incorporated (NYSE:IRM ) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:40 AM ET Company Participants Bill Meaney - Chief Executive Officer Barry Hytinen - Chief Financial Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin We are ready to get started. I am pleased to welcome Iron Mountain's CEO, Bill Meaney; CFO, Barry Hytinen, and welcome to our conference.
Iron Mountain: Deserves A Downgrade, Overly Expensive Here
IRM's stock price rally has been occurred overly fast and furious, attributed to the recent market rotation and rich dividend hike. While the long-term trends surrounding generative AI and data center capex remain robust, we believe that the premium observed in its stock valuations is unwarranted. This is especially since Data Center remains a miniscule portion of IRM's top/ bottom-lines, with the management's focus on capex growth implying lower AFFO payout ratios ahead.
Should You Retain Iron Mountain Stock in Your Portfolio Now?
IRM's steady revenues in the storage and records management business and focus on the data center business augur well. High interest rates are a concern.
