Sify Technologies FY2028 Earnings Forecast Cut by Sidoti

by · The Markets Daily

Sify Technologies Limited (NASDAQ:SIFY – Free Report) – Equities researchers at Sidoti lowered their FY2028 earnings per share estimates for shares of Sify Technologies in a research report issued on Thursday, October 29th. Sidoti analyst G. Burns now forecasts that the technology company will earn $0.02 per share for the year, down from their prior estimate of $0.05. The consensus estimate for Sify Technologies’ current full-year earnings is $0.01 per share.

Sify Technologies (NASDAQ:SIFY – Get Free Report) last announced its earnings results on Wednesday, October 28th. The technology company reported $0.01 earnings per share for the quarter. Sify Technologies had a negative net margin of 1.22% and a negative return on equity of 9.85%. The company had revenue of $143.84 million during the quarter, compared to analyst estimates of $189.58 million.

A number of other analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Sify Technologies in a research report on Friday, September 25th. Wall Street Zen cut Sify Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on SIFY

Sify Technologies Stock Performance

NASDAQ:SIFY opened at $12.78 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average price of $13.23 and a 200 day moving average price of $14.54. Sify Technologies has a fifty-two week low of $10.09 and a fifty-two week high of $17.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH purchased a new position in shares of Sify Technologies in the 2nd quarter valued at about $1,262,000. Theleme Partners LLP acquired a new position in Sify Technologies in the second quarter valued at approximately $21,239,000. Allworth Financial LP boosted its holdings in Sify Technologies by 50.6% in the second quarter. Allworth Financial LP now owns 3,828 shares of the technology company’s stock valued at $64,000 after purchasing an additional 1,286 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sify Technologies by 59.3% in the second quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company’s stock valued at $39,000 after purchasing an additional 863 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Sify Technologies by 969.1% in the first quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,754 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies

(Get Free Report)

Sify Technologies Limited is an India-based digital transformation and information and communications technology services company. It provides enterprises with solutions spanning cloud computing, data center infrastructure, managed connectivity, cybersecurity, and IT services.

The company operates data centers and delivers hybrid and multi-cloud services, including cloud migration, infrastructure management, monitoring, and application-related support. Its connectivity offerings include enterprise networking and managed network services, while its security portfolio covers areas such as threat protection, security operations, and compliance support.

Founded in 1998, Sify was among India’s early internet service providers before expanding into enterprise technology and digital infrastructure services.

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