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Finance

Cyxtera Stock Forecast After SVAC Merger—Is It a Good Buy?

Currently, Cyxtera stock isn’t covered by analysts. However, given that it’s a leading data center company, analysts should start covering it soon.

Based on SVAC’s current price, Cyxtera has an enterprise value of $3.4 billion. Based on this value and Cyxtera’s projected total revenue, its valuation multiples for 2021 and 2022 are 4.9x and 4.7x, respectively. Considering that Equinix and Digital Realty Trust are trading at NTM EV-to-sales multiples of 13.0x and 13.6x, respectively, Cyxtera looks undervalued and worth considering.

View more information: https://marketrealist.com/p/cyxtera-stock-forecast-after-svac-merger/

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