FY2028 EPS Estimates for Sify Technologies Reduced by Sidoti

Sify Technologies Limited (NASDAQ:SIFY) – Analysts at Sidoti reduced their FY2028 earnings per share (EPS) estimates for Sify Technologies in a report released 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 forecast of $0.05. The consensus estimate for Sify Technologies’ current full-year earnings is $0.01 per share.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings reiterated 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 report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Sify Technologies has an average rating of “Sell”.

Sify Technologies Price Performance

Shares of Sify Technologies stock opened at $12.78 on Monday. Sify Technologies has a 12-month low of $10.09 and a 12-month high of $17.85. 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 of $13.26 and a two-hundred day moving average of $14.55.

Sify Technologies (NASDAQ:SIFY) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.01 EPS for the quarter. Sify Technologies had a negative net margin of 1.22% and a negative return on equity of 9.85%. The firm had revenue of $143.84 million during the quarter, compared to analysts’ expectations of $189.58 million.

Hedge Funds Weigh In On Sify Technologies

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

Sify Technologies Company Profile

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.