Multiple recent events surrounding Iron Mountain Incorporated (IRM) are reflected in various reportings. In one report, the company was noted for underperforming several times when compared to its competitors withoutstanding a few daily gains. While Franklin Resource Inc. and US Bancorp DE are selling off their IRM shares, Envestnet Portfolio Solutions Inc and Brown Advisory Inc are increasing their holdings. Notably, Iron Mountain had a strong showing in Q1 2024, exceeding revenue expectations and aligning with EPS projections. Their stock has seen a considerable rise of 13.3% YTD, and has outpaced the stock market gains. The company’s Q4 AFFO and Q3 FFO estimations were beaten while their revenues kept rising year over year. Despite some insider selling activities, IRM stock still appears to be an apt pick for growth investors. Iron Mountain’s Q1 earnings and revenue beat consensus and provided a reaffirmed guidance. Looking ahead, IRM predicted a strong guidance for 2024 and has successfully completed the acquisition of Regency Technologies snapping up a further 139,847 shares.
Iron Mountain IRM News Analytics from Tue, 22 Aug 2023 07:00:00 GMT to Sun, 02 Jun 2024 15:09:58 GMT - Rating 6 - Innovation 3 - Information 6 - Rumor -4
