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Vertiv Holdings Co. (VRT), a global designer and manufacturer of critical digital infrastructure technologies, has seen its stock soar nearly 200% since April 2023. Recently, the company reported third-quarter earnings of $1.24 per share in October, exceeding the Zacks Consensus Estimate by 24% and reflecting a 63% year-over-year growth. For the upcoming fourth quarter, analysts have raised EPS estimates to $1.28, predicting nearly 30% growth from the previous year.
Based in Ohio, Vertiv partners with technology firms like Nvidia, providing AI infrastructure solutions essential for high-performance data centers. The company’s revenues for Q4 2023 are projected to increase over 22%, reaching approximately $2.86 billion. Its favorable positioning within the top 35% of Zacks Ranked Industries suggests continued strong performance amid a backdrop of rising AI and data center demand.
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