Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.
IPO Year:
Exchange: NYSE
Website: ironmountain.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2023 | $44.00 | Sell | UBS |
| 8/22/2023 | $58.00 → $68.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 12/16/2022 | $58.00 | Sector Perform | RBC Capital Mkts |
| 12/14/2022 | $66.00 | Outperform | Exane BNP Paribas |
| 6/24/2022 | $58.00 | Overweight | Barclays |
| 2/25/2022 | $18.00 → $20.00 | Underperform | Credit Suisse |
| 2/25/2022 | $49.00 → $52.00 | Hold → Buy | Stifel |
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Data center campus acquisition in Richmond and campus extension in Manassas significantly strengthens Iron Mountain's global data center portfolio, to support continued customer demand Iron Mountain (NYSE:IRM), a global leader in information management services, has acquired two data center development sites in Virginia - adding significant planned capacity to support its rapid growth in the data center market. These latest acquisitions bring more than 100 acres to Iron Mountain's data center development portfolio, and add an estimated 350+ megawatts (MW) of planned future capacity - taking the company's total data center capacity to in excess of 1.2 gigawatts (GW) globally when fully d
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the J.P. Morgan 2024 Ultimate Services Investor Conference in New York City. Date: Thursday, November 14, 2024 Time: 1:50 pm ET Presenters: Barry A. Hytinen, Executive Vice President and Chief Financial Officer The presentation is being webcast and it will be accessible on the Investor Relations section of www.ironmountain.com under News & Events, Investor Events or by clicking here: Webcast Link. About Iron Mountain Iron Mountain Incorporated (NYSE:IRM) is a global leader in information management services. Founded in 1951 and trusted
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announces financial results for the third quarter of 2024. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mountain's Investor Relations website. Reconciliations of non-GAAP measures to the appropriate GAAP measures are included herein. Financial Performance Highlights for the Third Quarter of 2024 ($ in millions, except per share data) Three Months Ended
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, will report its third quarter 2024 financial results before market hours on Wednesday, November 6, 2024. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: http://investors.ironmountain.com, under "Quarterly Earnings" prior to the call on Wednesday, November 6, 2024. The webcast link can be accessed under "Investor Events" and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the 2024 RBC Capital Markets Global Communications Infrastructure Conference in Chicago, IL. Date: Tuesday, September 24, 2024 Time: 10:40 am CT (11:40 am ET) Presenters: William L. Meaney, President and Chief Executive Officer Barry A. Hytinen, Executive Vice President and Chief Financial Officer The presentation is being webcast and it will be accessible on the Investor Relations section of www.ironmountain.com under News & Events, Investor Events or by clicking here: Webcast Link. About Iron Mountain Iron Mountai
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the Goldman Sachs Communacopia and Technology Conference in San Francisco, CA. Date: September 10, 2024 Time: 8:50 am PT (11:50 am ET) Presenter: Barry A. Hytinen, Executive Vice President and Chief Financial Officer The presentation is being webcast and it will be accessible on the Investor Relations section of www.ironmountain.com under News & Events, Investor Events or by clicking here: Webcast Link. About Iron Mountain Iron Mountain Incorporated (NYSE:IRM) is a global leader in information management services. Founded in 1951 a
Leader in information management services uses MongoDB Atlas and MongoDB Atlas Vector Search for intelligent document processing, workflow automation, and information governance capabilities on a unified platform AUSTIN, Texas, Aug. 20, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today at its MongoDB.local Austin developer conference announced that Iron Mountain (NYSE:IRM), a global leader in information management services, is using MongoDB as the data platform for their new Iron Mountain InSight® Digital Experience Platform (DXP). Built on MongoDB Atlas, InSight DXP is now available for customers seeking a unified, customizable platform to access, manage, govern, and monetize physical
Iron Mountain InSight® Digital Experience Platform (DXP) helps customers automate workflows, make data more quickly accessible, enable audit-ready compliance, and get their data AI-ready. Intelligent document processing makes it possible for anyone to extract intelligence from content, no matter where it is stored. Customers and system integrators can use templated solution design tools to build custom content management and workflow automation solutions. Global information management leader Iron Mountain (NYSE:IRM) today announced the availability of Iron Mountain InSight® Digital Experience Platform (DXP), a secure software-as-a-service (SaaS) platform. This press release featu
-- Net Income of $35 million -- -- Achieves record quarterly Revenue and Adjusted EBITDA -- -- Data Center: Leased 66 megawatts in the second quarter; Increases full year projection to 130 megawatts -- -- Expects to be towards the upper end of full year 2024 guidance range -- -- Increases quarterly dividend per share by 10% -- Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announces financial results for the second quarter of 2024. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mou
The Board of Directors (the "Board") of Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, declared a quarterly cash dividend of $0.715 per share for the third quarter, payable on October 3, 2024 to shareholders of record on September 16, 2024. "Our Board of Directors has authorized a 10% increase to our dividend. Our business model is delivering strong revenue performance, resulting in top tier growth in Adjusted Funds from Operations. This is in line with our long term plan to increase the dividend alongside growth in AFFO per share," said William L. Meaney, President and Chief Executive Officer. About Iron Mountain Iron Mountain Incorporated
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Wells Fargo analyst Eric Luebchow maintains Iron Mountain (NYSE:IRM) with a Overweight and raises the price target from $90 to $110.
Stifel analyst Shlomo Rosenbaum maintains Iron Mountain (NYSE:IRM) with a Buy and raises the price target from $86 to $103.
Iron Mountain (NYSE:IRM) has outperformed the market over the past 5 years by 10.67% on an annualized basis producing an average annual return of 23.62%. Currently, Iron Mountain has a market capitalization of $26.29 billion. Buying $1000 In IRM: If an investor had bought $1000 of IRM stock 5 years ago, it would be worth $2,876.54 today based on a price of $89.69 for IRM at the time of writing. Iron Mountain's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engi
Iron Mountain's (NYSE:IRM) short percent of float has risen 17.24% since its last report. The company recently reported that it has 12.47 million shares sold short, which is 5.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.33 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Goldman Sachs analyst George Tong maintains Iron Mountain (NYSE:IRM) with a Buy and raises the price target from $89 to $101.
As of June 17, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Essex Property Trust Inc (NYSE:ESS) On June 14, Scotiabank analyst Nicholas Yulico maintaine
Iron Mountain (NYSE:IRM) has outperformed the market over the past 5 years by 9.46% on an annualized basis producing an average annual return of 22.63%. Currently, Iron Mountain has a market capitalization of $26.24 billion. Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $276.41 today based on a price of $89.53 for IRM at the time of writing. Iron Mountain's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine an
Iron Mountain Incorporated (NYSE:IRM) reported first-quarter financial results Thursday before the bell, following which the shares started soaring. Here’s a look at the key metrics from the quarter. Q1 Earnings Details: The company, under the helm of CEO William Meaney, reported first-quarter adjusted earnings per share of 43 cents. Quarterly revenue of $1.477 billion, beating the street view of $1.453 billion. Total reported revenues increased 12.2% compared to the prior year. This was driven by a 9% increase in storage rental revenue and a 17.2% increase in service revenue. On a constant currency basis, adjusted EBITDA increased by 12.5% in the first quarter, compared to the firs
Iron Mountain affirmed full year 2024 guidance; details are summarized in the table below.2024 Guidance(1)($ in millions, except per share data) 2024 Guidance Y/Y % Changeat MidpointTotal Revenue$6,000 - $6,150 11%Adjusted EBITDA$2,175 - $2,225 12%AFFO$1,300 - $1,335 9%AFFO Per Share$4.39 - $4.51 8%
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announces financial results for the third quarter of 2024. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mountain's Investor Relations website. Reconciliations of non-GAAP measures to the appropriate GAAP measures are included herein. Financial Performance Highlights for the Third Quarter of 2024 ($ in millions, except per share data) Three Months Ended
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, will report its third quarter 2024 financial results before market hours on Wednesday, November 6, 2024. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: http://investors.ironmountain.com, under "Quarterly Earnings" prior to the call on Wednesday, November 6, 2024. The webcast link can be accessed under "Investor Events" and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference
-- Net Income of $35 million -- -- Achieves record quarterly Revenue and Adjusted EBITDA -- -- Data Center: Leased 66 megawatts in the second quarter; Increases full year projection to 130 megawatts -- -- Expects to be towards the upper end of full year 2024 guidance range -- -- Increases quarterly dividend per share by 10% -- Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announces financial results for the second quarter of 2024. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mou
The Board of Directors (the "Board") of Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, declared a quarterly cash dividend of $0.715 per share for the third quarter, payable on October 3, 2024 to shareholders of record on September 16, 2024. "Our Board of Directors has authorized a 10% increase to our dividend. Our business model is delivering strong revenue performance, resulting in top tier growth in Adjusted Funds from Operations. This is in line with our long term plan to increase the dividend alongside growth in AFFO per share," said William L. Meaney, President and Chief Executive Officer. About Iron Mountain Iron Mountain Incorporated
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, will report its second quarter 2024 financial results before market hours on Thursday, August 1, 2024. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: http://investors.ironmountain.com, under "Quarterly Earnings" prior to the call on Thursday, August 1, 2024. The webcast link can be accessed under "Investor Events" and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference ca
-- Net Income of $77 million; Achieves record quarterly Revenue -- -- Strong start to the year exceeding guidance on all metrics; reiterates full year 2024 guidance -- -- Data Center: Leased 30 megawatts in the first quarter -- Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announces financial results for the first quarter of 2024. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mountain's Investor Relations website. Reconciliations of non-GAAP measures to the appropriate GAAP measures
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, will report its first quarter 2024 financial results before market hours on Thursday, May 2, 2024. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: http://investors.ironmountain.com, under "Quarterly Earnings" prior to the call on Thursday, May 2, 2024. The webcast link can be accessed under "Investor Events" and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference call are
-- Net Income of $29 million; Achieves record quarterly and full year Revenue and Adjusted EBITDA -- -- Data Center: Leased 124 megawatts for the full year 2023 -- -- Issues Strong 2024 Guidance with Revenue Growth of 10-12% -- Iron Mountain Incorporated (NYSE:IRM), a global leader in information management services, announces financial results for the fourth quarter and full year 2023. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mountain's Investor Relations website. Reconciliations of non-GAAP measures to the appropriate GA
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management, innovative storage, data center infrastructure and asset lifecycle management, will report its fourth quarter and full year 2023 financial results before market hours on Thursday, February 22, 2024. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: http://investors.ironmountain.com, under "Quarterly Earnings" prior to the call on Thursday, February 22, 2024. The webcast link can be accessed under "Investor Events" and you may register directly for the webcast at the
Iron Mountain Incorporated (NYSE:IRM), a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management, today announced the tax treatment for all 2023 distributions on its common stock. Form 1099 Box 1a Form 1099 Box 1b Form 1099 Box 2a Form 1099 Box 2b Form 1099 Box 2f Form 1099 Box 3 Form 1099 Box 5 Payment Date Total Distribution Ordinary Taxable Dividend Qualified Taxable Dividend (1) Total Capital Gain Distribution Unrecaptured Sec. 1
UBS initiated coverage of Iron Mountain with a rating of Sell and set a new price target of $44.00
RBC Capital Mkts upgraded Iron Mountain from Sector Perform to Outperform and set a new price target of $68.00 from $58.00 previously
RBC Capital Mkts initiated coverage of Iron Mountain with a rating of Sector Perform and set a new price target of $58.00
Exane BNP Paribas initiated coverage of Iron Mountain with a rating of Outperform and set a new price target of $66.00
Barclays initiated coverage of Iron Mountain with a rating of Overweight and set a new price target of $58.00
Credit Suisse reiterated coverage of Iron Mountain with a rating of Underperform and set a new price target of $20.00 from $18.00 previously
Stifel upgraded Iron Mountain from Hold to Buy and set a new price target of $52.00 from $49.00 previously
Goldman Sachs reiterated coverage of Iron Mountain with a rating of Buy and set a new price target of $43.00 from $38.00 previously
Credit Suisse Group reiterated coverage of Iron Mountain with a rating of Underperform and set a new price target of $18.00 from $16.00 previously
Credit Suisse Group resumed coverage of Iron Mountain with a rating of Underperform
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
Iron Mountain (NYSE:IRM), the global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services, announced that Arvind Subramanian has joined the company on September 20th, 2023 as Executive Vice President and Managing Director, India. As a core member of the Executive Leadership Team, Arvind will report to CEO William Meaney and will be responsible for Iron Mountain's commercial and operational activities across the company's storage, digital solutions and asset lifecycle management business lines in India. "We are pleased to welcome Arvind to Iron Mountain," said William L. Meaney, President and Chief Executive Officer, Iro
Iron Mountain explores creative, cutting-edge technology to help customers turn today's data challenges into tomorrow's business advantages Iron Mountain (NYSE:IRM), the global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services, announced that Mithu Bhargava has joined the company as Executive Vice President and General Manager for digital solutions. As a core member of the Executive Leadership Team, she will report to CEO, William Meaney and oversee the innovation, execution, and growth of Iron Mountain's digital products, solutions and go-to-market strategy. "We are excited to welcome Mithu to the Iron Mountain family
MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that Robin Matlock, former Chief Marketing Officer of VMware, has been appointed to serve as an independent director on MSCI's Board of Directors (the "Board"), effective today. Ms. Matlock will serve as a member of the Governance and Corporate Responsibility Committee of the Board. Following the appointment of Ms. Matlock, the Board will be comprised of 11 directors. "The expertise that Robin will bring to our Board in the areas of go-to-market and marketing strategy, client insight and technological innovation will further expand our Board's bread
Iron Mountain Incorporated (NYSE:IRM), the leading information management company, today announced that it has appointed Gillian Tiltman as Senior Vice President and Head of Investor Relations, effective immediately. In her role, Tiltman will be responsible for devising, executing and leading Iron Mountain's investor relations strategy. She will lead engagement with the investment community and financial media, shaping Iron Mountain's investment story, and communicating the value of the Company. "As an experienced portfolio manager with an excellent track record, Gillian brings a unique set of experiences and capabilities to Iron Mountain, and we are delighted to welcome her to the Iron M
DEI champion joins the company's global management team Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company enabling digital transformation, today announced that Charlene Jackson has joined the company as Global Chief Diversity, Equity, and Inclusion (DEI) Officer. "The significant racial and social injustices we've witnessed around the world over the past year have reaffirmed and accelerated our commitment to foster meaningful change," said William L. Meaney, President and Chief Executive Officer, Iron Mountain. "We're excited to welcome Charlene to our global Iron Mountain leadership team. With her extensive background in leading, developing, a
SANTA CLARA, Calif.--(BUSINESS WIRE)--Dremio, the innovation leader in data lake transformation, today announced the appointment of Robin Matlock to the Board of Directors and Anita Pandey as Chief Marketing Officer. Dremio makes cloud data warehouses obsolete, bringing data warehouse functionality to cloud data lakes through direct queries for high performing dashboards and analytics. Gone is the requirement to copy data into data warehouses first – a costly, complex, risky and inflexible process. Dremio is demonstrating exponential growth as a result of today’s rapidly evolving business conditions with enterprises requiring an efficient, cost-effective approach to speed their di