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Cyxtera Technologies, Inc. - $CYXTQ STOCK NEWS

Welcome to our dedicated page for Cyxtera Technologies news (Ticker: $CYXTQ), a resource for investors and traders seeking the latest updates and insights on Cyxtera Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cyxtera Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cyxtera Technologies's position in the market.

News
Cyxtera Receives Court Approval for Sale to Brookfield and Plan of Reorganization
Rhea-AI Summary
Cyxtera (OTC: CYXTQ) announced the approval of the sale of its assets to Brookfield Infrastructure Partners L.P. This transaction will provide Cyxtera with additional financial flexibility, enabling it to benefit from Brookfield’s global infrastructure expertise. The sale will strengthen and optimize Cyxtera’s data center portfolio, positioning it for long-term growth. The company expects to complete the transaction and emerge from the court-supervised process in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
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none
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News
Cyxtera Provides Business Update for the Third Quarter 2023
Rhea-AI Summary
Cyxtera (CYXTQ) Releases Positive Q3 2023 Business Update, Revenue Grows by 7.5% Year Over Year
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
earnings
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News
Cyxtera Launches AI + Quantum Center of Excellence to Empower Customers to Explore New Technologies
Rhea-AI Summary
Cyxtera launches AI + Quantum Center of Excellence in the UK, providing a testing and activation hub for companies exploring AI and quantum computing. Founding partners include Fujitsu, Boston Limited, Oxford Quantum Circuits, SECQAI, Amulet Hotkey, and Asperitas. Fujitsu is deploying its AI Test Drive Lab in Cyxtera's COE, offering direct access to infrastructure and solutions. OQC and Cyxtera partner on integrating a quantum computer in a colocation data center. The COE experience includes workshops, training, proof of concept, and deployment options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
AI
News
Cyxtera and Hewlett Packard Enterprise Collaborate to Help Customers Accelerate and Simplify their Hybrid IT Strategies
Rhea-AI Summary
Cyxtera collaborates with HPE to offer Enterprise Bare Metal solution supported by HPE GreenLake platform, providing operational flexibility of the cloud with performance, control, cost-predictability, and security. Quick Start TCO Workshop program helps assess IT infrastructure and compare costs with colocation, bare metal, and public cloud. HPE buys back old hardware through Asset Upcycling Services. Benefits include quick provisioning, cost reduction, improved performance and security, maximum control, simplified capacity planning, and access to interconnection services and technology partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
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none
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News
Cyxtera Files Plan of Reorganization and Provides Business Update for the Second Quarter 2023
Rhea-AI Summary
Cyxtera has reached a key milestone in its Chapter 11 process by filing a proposed Plan of Reorganization. The proposed plan, supported by the company's lenders, aims to optimize the capital structure and reduce pre-filing funded debt by over $950 million. The plan provides flexibility for a balance sheet recapitalization or a sale of the business. In the second quarter of 2023, Cyxtera delivered solid growth in total revenue, recurring revenue, core revenue, and transaction adjusted EBITDA. Final bids for the sale process are due on August 18, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
earnings
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News
Cyxtera Named a Leader in 2023 ISG Provider Lens™: Private/Hybrid Cloud – Data Center Services – Colocation
Rhea-AI Summary
Cyxtera, a global leader in data center colocation and interconnection services, has been recognized as a Leader in the 2023 ISG Provider Lens™: Private Hybrid Cloud – Data Center Services report. This is the second year in a row that Cyxtera has won this designation. Cyxtera was recognized for its rich colocation and interconnection services, robust partner ecosystem, patented Digital Exchange network fabric, self-service customer portal, excellent remote hands services, and exceptional compliance levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
Tags
none
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Cyxtera Technologies, Inc.

OTC:CYXTQ

CYXTQ Rankings

N/A Ranked by Market Cap
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CYXTQ Stock Data

126.22k
94.95M
20.99%
26.69%
4.53%
Information Technology Services
Technology
Link
United States
Coral Gables

About CYXTQ

cyxtera technologies combines a worldwide footprint of best-in-class data centers with a portfolio of modern, cloud- and hybrid-ready security and analytics offerings – providing more than 3,500 enterprises, government agencies and service providers an integrated, secure and resilient infrastructure platform for critical applications and systems.