2313 GMT - NextDC's one-off grant of A$150 million in rights to senior management is probably higher than investors had anticipated, Citi analyst Siraj Ahmed says. The data-center operator's 1H underlying Ebitda was slightly weaker than Ahmed had expected, albeit about 1% ahead of the average analyst forecast. Writing in a note to clients, his high-level view is that net revenue was strong, but that costs were also higher. NextDC's reiteration of its annual guidance means that analysts' forecasts are unlikely to change much, Ahmed adds. Citi has a buy rating and A$18.70 target price on the stock, which is down 4.5% at A$13.87. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 23, 2025 18:13 ET (23:13 GMT)
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