Shares of Vertiv Holdings (VRT) advanced Wednesday after the maker of equipment and cooling systems for data centers reported stronger-than-expected second-quarter results and lifted its full-year outlook.
Vertiv Holdings Co. (VRT) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.67 per share a year ago.
Vertiv reports a strong second quarter and highlights ‘robust momentum' within the data center market.
VRT benefits from AI-driven demand with strong Q2 growth expected, but stretched valuation may give investors pause ahead of earnings.
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Vertiv targets AI-driven expansion with $200 million buyout of Great Lakes, enhancing its rack and thermal solutions.
Recently, Zacks.com users have been paying close attention to Vertiv (VRT). This makes it worthwhile to examine what the stock has in store.
Vertiv gains ground over Generac Holdings, driven by soaring AI demand, strong orders, and innovative cooling technology for next-generation data centers.
Vertiv (VRT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Vertiv's AI-focused alliances drive growth across power, cooling and infrastructure in high-density deployments.
Vertiv Holdings Co. (VRT) concluded the recent trading session at $127.37, signifying a +2.12% move from its prior day's close.
I reiterate my Buy rating on Vertiv Holdings Co with a $127 price target, despite recent Amazon news and a short-term share price dip. Amazon's in-house liquid cooling announcement triggered a selloff despite the news not being new. I do not expect this to materially change Vertiv's growth story. Vertiv remains well-positioned for AI infrastructure growth across other hyperscalers, supported by strong demand for compute capacity for AI applications.