NEXTDC secures $2.9bn debt facility
NEXTDC (ASX:NXT) has announced a new $2.9bn debt facility aimed at supporting its ongoing expansion efforts and strengthening its financial position.
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NEXTDC eyes $2 billion funding as cloud and AI demand surges
Data centre developer and operator NEXTDC (ASX:NXT) wants to raise the total amount it has asked investors for this year to a massive $2 billion, after revealing plans late Tuesday for a second large round of funding.
Read MoreNextDC slips on mixed results
Shares in data centre boomer, NextDC (ASX:NXT), slipped yesterday after the company produced a mixed result that left some investors perplexed.
Read MoreNEXTDC pursues $1.3 billion capital raise for data center expansion
NEXTDC (ASX:NXT) is seeking $1.3 billion in a new capital raising to finance its growing data center pipeline and accelerate the expansion of its extensive data center networks in Sydney and Melbourne.
Read MoreNextDC forecasts stable earnings
NextDC (ASX:NXT), a cloud computing-driven data center group, appears to anticipate a potentially unvaried earnings trajectory for the 2023-24 fiscal year, as indicated by the guidance accompanying its strong performance in 2022-23, announced on Monday.
Read MoreNextDC Sees its Future in the Clouds
Data centre group NextDC wants shareholders to cough up $618m to help pay for two new developments in its regional expansion strategy into Asia and NZ.
Read MoreNXT – Morgans rates the stock as Add
The Add rating is retained while the target falls to $13.01 from $14.64.
Read MoreWord of the Year – 2021?
Dion Hershan, Head of Australian Equities at Yarra Capital Management, looks at the opportunities that are emerging from a bleak 2020.
Read MoreNXT – Credit Suisse rates the stock as Reinstate Coverage with Neutral
Credit Suisse reinstates coverage with a Neutral rating and $11.35 target. The broker envisages NextDC will be a beneficiary of higher demand resulting from work-from-home arrangements.
Read MoreMelbourne The Short-Term Key To NextDC
Melbourne is the key to the short term investment case for NextDC, as the ramp-up of the second data centre takes shape.
Read MoreThe Opportunities In – And Pitfalls Of – The Data Storage Sector
While demand for shared cloud-based data storage shows no signs of abating in a hurry, local data centre oversupply is looming as a short term issue.
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