NEXTDC Limited (NXT) is a Data-Centre-as-a-Service (DCaaS) provider offering a ange of services to corporate, government and IT services companies
NEXTDC Limited (NXT) is a Data-Centre-as-a-Service (DCaaS) provider offering a ange of services to corporate, government and IT services companies. NXT four main services are Cross Connects, Rack Space, ID Access Cards (IDACs) and Remote Hands served through its five data centre facilities across Australia. NXT share price has fallen from over $2.80 to below $1.70 in the past year with heavy shorting currently in place. NXT has just released a market update and that should drive short covering. Expect the stock to recover closer to $2 in the short to medium term.
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Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and CEO at Deep Data Analytics (www.deepdataanalytics.com.au) which is an integrated data analytics driven investment strategy service provider.
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