Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers power management products, uninterruptible power systems, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. The company also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing these products and their related systems. It offers its products primarily under the Liebert, NetSure, Geist, and Avocent brands. The company serves social media, financial services, healthcare, transportation, retail, education, and government industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. Vertiv Holdings Co is headquartered in Columbus, Ohio.
IPO Year: 2018
Exchange: NYSE
Website: vertiv.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $155.00 | Buy | UBS |
| 10/7/2024 | $125.00 | Buy | Jefferies |
| 8/7/2024 | $95.00 → $92.00 | Neutral → Outperform | Mizuho |
| 4/5/2024 | $96.00 | Outperform | Oppenheimer |
| 8/2/2023 | $40.00 | Underperform → Buy | BofA Securities |
| 6/9/2023 | Hold → Buy | Vertical Research | |
| 10/27/2022 | $11.75 → $20.00 | Market Perform → Outperform | Cowen |
| 4/1/2022 | $29.00 → $18.00 | Neutral → Overweight | JP Morgan |
| 2/24/2022 | $27.00 → $13.00 | Neutral | Mizuho |
| 2/24/2022 | $31.00 → $16.00 | Buy | Deutsche Bank |
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8-K - Vertiv Holdings Co (0001674101) (Filer)
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8-K - Vertiv Holdings Co (0001674101) (Filer)
8-K - Vertiv Holdings Co (0001674101) (Filer)
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8-K - Vertiv Holdings Co (0001674101) (Filer)
8-K - Vertiv Holdings Co (0001674101) (Filer)
10-Q - Vertiv Holdings Co (0001674101) (Filer)
Innovation in powering and cooling AI racks, management of energy consumption and emissions all to be a focus in new year AI continues to reshape the data center industry, a reality reflected in the projected 2025 data center trends from Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions. Vertiv experts anticipate increased industry innovation and integration to support high-density computing, regulatory scrutiny around AI, as well as increasing focus on sustainability and cybersecurity efforts. "Our experts correctly identified the proliferation of AI and the need to transition to more complex liquid- and air-cooling strategies as a trend f
VertivTM CoolChip CDU liquid-to-liquid and liquid-to-air solutions support hyperscale, colocation and enterprise applications Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced a significant expansion of its liquid cooling product portfolio with the introduction of two new Vertiv™ CoolChip CDU (coolant distribution unit) systems. These systems enable modular, cost-effective liquid cooling deployments in data centers, making it possible to operate high-density computing for AI alongside traditional air-cooled racks. The new CDUs are on display at the Vertiv booth at SC24, the international conference for high performance comput
First-of-its-kind cooling solution integrates air and liquid cooling technologies to meet the evolving and mixed cooling needs of data centers supporting AI Data center operators face the challenge of supporting rapidly evolving environments in which established IT applications increasingly co-exist alongside the high-density computing being deployed to support AI. Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, and Compass Datacenters, which designs, builds and operates data center campuses for some of the world's largest technology companies, announced today they have collaborated to develop a first-of-its-kind solution that enables futu
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, will host its previously announced Investor Event today in Atlanta beginning at 2:30 p.m. Eastern Time. The Investor Event is being held in conjunction with SC24: International Conference for High Performance Computing, Networking, Storage and Analysis, where Vertiv is exhibiting its latest technology showcase. At the event and in the presentation materials, Vertiv's management team will update investors on the Company's vision and strategy, current business and operations, market opportunities and financial performance, including guidance. As previously announced, a webcast of the live event a
Ansys intelligent engineering project will accelerate the development and delivery of customized data center cooling systems / Key Highlights Ansys technology enables Vertiv to develop products and respond to customer requests with more agility, speeding up their go-to-market timeAnsys optiSLang™ automation and optimization framework accelerates the design of cooling technology, paving the path for Vertiv to design and manufacture data center critical digital infrastructure that can efficiently and reliably run artificial intelligence (AI) workloadsAnsys Minerva™ simulation process and data management web applications empower experts and non-experts alike to access automated simulations acr
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, announced that it will hold an Investor Event on Monday, November 18, 2024 beginning at 2:30 p.m. Eastern Time. The event will be held in Atlanta, Georgia, in conjunction with SC24: International Conference for High Performance Computing, Networking, Storage and Analysis, where Vertiv will exhibit its latest technology showcase. At the Investor Event, Vertiv's management team will update investors on the Company's vision and strategy, current business and operations, market opportunities and financial performance. A webcast of the live event and presentation materials can be accessed in the I
Appointment as executive vice president to start January 1, 2025 Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that on January 1, 2025, Scott Armul will be promoted to executive vice president, global portfolio and business units, reporting to Vertiv CEO Giordano (Gio) Albertazzi. Armul will focus on driving a growth-oriented global portfolio strategy, as Vertiv continues to expand its offerings to meet evolving industry and customer needs in an increasingly demanding digital economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029815135/en/Vertiv promotes
Net sales of $2,074 million, 19% higher than third quarter 2023. Operating profit of $372 million, up 48% from third quarter 2023, and adjusted operating profit(1) of $417 million, up 41% from third quarter 2023 Strong third quarter trailing twelve-month (TTM) organic orders up ~37% compared to prior year TTM period. Third quarter organic orders growth of ~17% vs. prior year Adjusted operating margin(1) of 20.1%, up 310 basis points compared to third quarter 2023 Diluted EPS of $0.46 and adjusted diluted EPS(1) of $0.76, above high-end of prior guidance Operating cash flow of $375 million and adjusted free cash flow(1) of $336 million in third quarter 2024. Net leverage of 1.4x at
End-to-end critical power and cooling reference designs for NVIDIA Blackwell architectures up to 7MW, with OCP infrastructure options Vertiv (NYSE:VRT), a global provider of critical digital infrastructure, today announced that it is releasing a complete 7MW reference architecture of the NVIDIA GB200 NVL72 platform, co-developed with NVIDIA, that will enable customers to transform traditional data center architectures into AI factories capable of powering AI applications across the enterprise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241014494536/en/Vertiv and NVIDIA collaborative reference design for power and cooling inf
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its third quarter 2024 results before market open on Wednesday, October 23, 2024. The press release will contain a link to the presentation materials providing a third quarter 2024 update, which will be available on Vertiv's website at investors.vertiv.com. Vertiv's management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time. A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv's website at investors.vertiv.com. A replay of the conference call will also be available
Net sales of $2,074 million, 19% higher than third quarter 2023. Operating profit of $372 million, up 48% from third quarter 2023, and adjusted operating profit(1) of $417 million, up 41% from third quarter 2023 Strong third quarter trailing twelve-month (TTM) organic orders up ~37% compared to prior year TTM period. Third quarter organic orders growth of ~17% vs. prior year Adjusted operating margin(1) of 20.1%, up 310 basis points compared to third quarter 2023 Diluted EPS of $0.46 and adjusted diluted EPS(1) of $0.76, above high-end of prior guidance Operating cash flow of $375 million and adjusted free cash flow(1) of $336 million in third quarter 2024. Net leverage of 1.4x at
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its third quarter 2024 results before market open on Wednesday, October 23, 2024. The press release will contain a link to the presentation materials providing a third quarter 2024 update, which will be available on Vertiv's website at investors.vertiv.com. Vertiv's management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time. A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv's website at investors.vertiv.com. A replay of the conference call will also be available
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company's Class A common stock. The cash dividend will be payable on September 26, 2024, to shareholders of record of Class A common stock at the close of business on September 17, 2024. About Vertiv Vertiv (NYSE:VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communicat
Second quarter 2024 organic orders up 57% compared to second quarter 2023, and up 37% on a trailing twelve-month basis Second quarter 2024 net sales of $1,953 million, 13% higher than second quarter 2023 and organic net sales growth(1) of 14% Second quarter 2024 operating profit of $336 million, up 63% from second quarter 2023, and adjusted operating profit(1) of $382 million, up 52% from second quarter 2023 Adjusted operating margin(1) of 19.6%, up 510 basis points compared to second quarter 2023 Raising 2024 net sales guidance to $7,665 million at the midpoint, $50 million higher than prior guidance Raising 2024 operating profit guidance to $1,256 million at the midpo
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its second quarter 2024 results before market open on Wednesday, July 24, 2024. The press release will contain a link to the presentation materials providing a second quarter 2024 update, which will be available on Vertiv's website at investors.vertiv.com. Vertiv's management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time. A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv's website at investors.vertiv.com. A replay of the conference call will also be available
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company's Class A common stock. The cash dividend will be payable on June 26, 2024, to shareholders of record of Class A common stock at the close of business on June 17, 2024. About Vertiv Vertiv (NYSE:VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networ
First quarter 2024 organic orders up 60% compared to first quarter 2023, book-to-bill ratio 1.5x in first quarter 2024 and record high $6.3 billion backlog at the end of first quarter 2024 First quarter 2024 net sales of $1,639 million, 8% higher than first quarter 2023 First quarter 2024 operating profit of $203 million and adjusted operating profit(1) of $249 million, up 42% from first quarter 2023 Accelerated capital deployment with $600 million in share repurchases (~9.1 million shares at $66/share weighted average price) in first quarter 2024 Raising full year 2024 guidance, expect net sales growth of 12% at the midpoint, operating profit of $1,150 to $1,200 million and ad
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its first quarter 2024 results before market open on Wednesday, April 24, 2024. The press release will contain a link to the presentation materials providing a first quarter 2024 update, which will be available on Vertiv's website at investors.vertiv.com. Vertiv's management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time. A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv's website at investors.vertiv.com. A replay of the conference call will also be available f
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company's Class A common stock. The cash dividend will be payable on March 28, 2024, to shareholders of record of Class A common stock at the close of business on March 19, 2024. About Vertiv Vertiv (NYSE:VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication netw
Fourth quarter net sales of $1,865 million, 13% higher than the fourth quarter of 2022 Fourth quarter organic orders up 23% from fourth quarter 2022. Record high $5.5 billion backlog at the end of fourth quarter 2023 Fourth quarter operating profit of $285 million and adjusted operating profit(1) of $330 million, up 57% from fourth quarter 2022 Operating cash flow of $356 million and adjusted free cash flow(1) of $305 million, an increase of $162 million over the fourth quarter 2022. Net leverage of 1.9x at end of fourth quarter 2023 Full year 2023 operating cash flow of $901 million and adjusted free cash flow of $778 million, an increase of $1,038 million compared to full yea
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, May 31, 2024 /PRNewswire/ -- USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be "on military bases surrounded by machine guns," as stated in an interview with Noema Magazine. According to analysts at Dell'Oro Group, data center spending is fo
Deal to strengthen Vertiv's capabilities to support deployment of AI at scale Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that subsidiaries of the company have entered into a definitive agreement to acquire all of the shares of CoolTera Ltd. (CoolTera), a provider of coolant distribution infrastructure for data center liquid cooling technology and certain assets, including certain contracts, patents, trademarks, and intellectual property from an affiliate of CoolTera. Founded in 2016 and based in the UK, CoolTera provides liquid cooling infrastructure solutions, and designs and manufactures coolant distribution units
Latest addition brings extensive financial experience, expands Board to ten members Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the appointment of Jakki Haussler to its Board of Directors. Ms. Haussler will serve on the Audit Committee of the Board. Ms. Haussler is the Non-Executive Chairman of Opus Capital Management, Inc., which she co-founded in 1996 and subsequently led as CEO until 2019. Haussler has served in a variety of leadership positions in the investment community, including as the managing director of Capvest Venture Fund LP, and a partner at both Adena Ventures LP and Blue Chip Venture Company. She has ext
Document highlights Vertiv efforts around energy- and water-efficiency, DE&I, safety, and other ESG activities Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today released its inaugural environmental, social and governance (ESG) report, the company's first public report of its ESG activities. The report outlines Vertiv's approach to energy and water efficiency; diversity, equity and inclusion (DE&I); employee health and safety; and other ESG-related topics. The content covered in the report serves as a baseline upon which the organization will build future efforts. "We all know how critical connectivity is to our daily lives and the glo
PHOENIX, Feb. 9, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a global leader in smart transportation, today announced the upcoming appointment of Steven C. Lalla to Executive Vice President, Commercial Services. As a key member of the executive team, Mr. Lalla will lead Verra Mobility's Commercial Services business unit. "Our Commercial Services offerings serve a crucial role in our customers' businesses by providing fully outsourced tolling, violations management, and title and registration services to many of the leading commercial vehicle fleets in the world," said David Roberts, President and CEO, Verra Mobility. "We believe that Steve's proven leadership abilities and deep te
UBS initiated coverage of Vertiv with a rating of Buy and set a new price target of $155.00
Jefferies initiated coverage of Vertiv with a rating of Buy and set a new price target of $125.00
Mizuho upgraded Vertiv from Neutral to Outperform and set a new price target of $92.00 from $95.00 previously
Oppenheimer initiated coverage of Vertiv with a rating of Outperform and set a new price target of $96.00
BofA Securities upgraded Vertiv from Underperform to Buy and set a new price target of $40.00
Vertical Research upgraded Vertiv from Hold to Buy
Cowen upgraded Vertiv from Market Perform to Outperform and set a new price target of $20.00 from $11.75 previously
JP Morgan upgraded Vertiv from Neutral to Overweight and set a new price target of $18.00 from $29.00 previously
Mizuho reiterated coverage of Vertiv Holdings with a rating of Neutral and set a new price target of $13.00 from $27.00 previously
Deutsche Bank reiterated coverage of Vertiv Holdings with a rating of Buy and set a new price target of $16.00 from $31.00 previously
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 07/26/24 $10.50 $795.0K 51.7K 16.8K UPS CALL SWEEP BEARISH 09/20/24 $130.00 $78
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported second-quarter FY24 results. Net sales rose 13% Y/Y to $1.953 billion, beating the consensus of $1.939 billion. Organic orders (excluding foreign exchange) rose 57% Y/Y in the quarter. The book-to-bill ratio stood at 1.4x in the quarter. Adjusted EPS stood at $0.67, beating the consensus of $0.57. Adjusted operating profit surged 52% year-over-year to $382 million, with the margin expanding 510 basis points to 19.6%, driven by higher volumes, favorable price-cost dynamics, and productivity improvements, though partially offset by increased R&D and capacity investments. Operating cash flow reached $3
Financial giants have made a conspicuous bearish move on Vertiv Hldgs. Our analysis of options history for Vertiv Hldgs (NYSE:VRT) revealed 11 unusual trades. Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $96,005, and 9 were calls, valued at $565,471. What's The Price Target? Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $115.0 for Vertiv Hldgs during the past quarter. Volume & Open Interest Development In today's trading context, the average open interest for options of Vertiv Hldgs sta
$7,590M - $7,740M
Vertiv Hldgs (NYSE:VRT) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.57 by 17.54 percent. The company reported quarterly sales of $1.953 billion which beat the analyst consensus estimate of $1.939 billion by 0.71 percent. This is a 12.63 percent increase over sales of $1.734 billion the same period last year.
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