We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Digital Realty (DLR) Unit Expands in Denmark With New Facility
Read MoreHide Full Article
Digital Realty Trust, Inc.'s (DLR - Free Report) unit — Interxion — recently announced the extension of its global platform with a major expansion project in Denmark. Particularly, the company is coming up with its third data center that will be neighboring the current CPH1 and CPH2 facilities on the Interxion Copenhagen Campus which has emerged as a top cloud and inter-connection hub in Denmark, and marks a strategic extension of the PlatformDIGITAL in the nation.
Shares of Digital Realty declined 2.7% during Wednesday’s session, reflecting broader market concerns.
Construction has commenced for this facility referred to as CPH3. It will be developed in three phases, with the first phase slated to open in the first half of 2022 and offer roughly 2,300 square meters of space. At full build out, the facility is expected to offer more than 7,000 square meters of total equipped space and 14 megawatts of customer capacity.
The expansion of the Copenhagen campus is a strategic fit as the city has emerged as a potential digital hub. The facility offers scope to the company to bank on the digital infrastructure needs of the local and global multi-national enterprises. Per management, customers can reach "80% of Europe's GDP in less than 25 milliseconds."
Per Digital Realty's recently published Data Gravity Index DGx™, data Gravity intensity for the EMEA region is projected to more than double each year by 2024 and is estimated to grow at a faster rate than either North America or Asia Pacific.
Demand for space at data-center REITs’ properties has been shooting up on growth in cloud computing, Internet of Things, artificial intelligence and big data, and an increasing number of companies opting for third-party IT infrastructure.
The heightening reliance on technology in the wake of the pandemic has now become an added advantage, thanks to the work-from-home trend, e-retail and e-learning gaining popularity, spurring demand for data-center spaces. As such, data-center landlords, including Digital Realty, Equinix (EQIX - Free Report) , CyrusOne Inc. and CoreSite Realty Corporation (COR - Free Report) are likely to continue witnessing substantial demand.
However, a competitive data-center landscape is a concern for the company. It competes with several data-center developers, owners and operators, many of which enjoy the ownership of similar assets in locations same as Digital Realty. Amid these, an aggressive pricing pressure is expected to prevail in the data-center market.
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
Digital Realty (DLR) Unit Expands in Denmark With New Facility
Digital Realty Trust, Inc.'s (DLR - Free Report) unit — Interxion — recently announced the extension of its global platform with a major expansion project in Denmark. Particularly, the company is coming up with its third data center that will be neighboring the current CPH1 and CPH2 facilities on the Interxion Copenhagen Campus which has emerged as a top cloud and inter-connection hub in Denmark, and marks a strategic extension of the PlatformDIGITAL in the nation.
Shares of Digital Realty declined 2.7% during Wednesday’s session, reflecting broader market concerns.
Construction has commenced for this facility referred to as CPH3. It will be developed in three phases, with the first phase slated to open in the first half of 2022 and offer roughly 2,300 square meters of space. At full build out, the facility is expected to offer more than 7,000 square meters of total equipped space and 14 megawatts of customer capacity.
The expansion of the Copenhagen campus is a strategic fit as the city has emerged as a potential digital hub. The facility offers scope to the company to bank on the digital infrastructure needs of the local and global multi-national enterprises. Per management, customers can reach "80% of Europe's GDP in less than 25 milliseconds."
Per Digital Realty's recently published Data Gravity Index DGx™, data Gravity intensity for the EMEA region is projected to more than double each year by 2024 and is estimated to grow at a faster rate than either North America or Asia Pacific.
Demand for space at data-center REITs’ properties has been shooting up on growth in cloud computing, Internet of Things, artificial intelligence and big data, and an increasing number of companies opting for third-party IT infrastructure.
The heightening reliance on technology in the wake of the pandemic has now become an added advantage, thanks to the work-from-home trend, e-retail and e-learning gaining popularity, spurring demand for data-center spaces. As such, data-center landlords, including Digital Realty, Equinix (EQIX - Free Report) , CyrusOne Inc. and CoreSite Realty Corporation (COR - Free Report) are likely to continue witnessing substantial demand.
However, a competitive data-center landscape is a concern for the company. It competes with several data-center developers, owners and operators, many of which enjoy the ownership of similar assets in locations same as Digital Realty. Amid these, an aggressive pricing pressure is expected to prevail in the data-center market.
Shares of this Zacks Rank #3 (Hold) company have rallied 8.4% so far in the year, against the industry's decline of 5.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>