SIFY Stock Forecast: Sify Technologies Limited Stock On The Rise

 The article was written by Aline Rzetelna, a Financial Analyst at I Know First

SIFY Stock Forecast: 

Summary:

  • SIFY Regains Compliance with Nasdaq Minimum Bid Price Requirement
  • SIFY Expands Its Network Presence
  • SIFY Reports First Quarter Consolidated Results
  • I Know First Bullish Forecast on SIFY

Sify Technologies Limited provides integrated information and communications technology solutions and services in India and internationally. The Company delivers a range of services that enable businesses and consumers to communicate, transmit, and share information, as well as conduct business remotely using its private data network and the internet. Additionally, it provides Website design, development, content management, online assessment tools, search engine optimization services, messaging and collaboration solutions, on-line testing engine, network management services and on-line exam engine solutions. Founded in 1995, Sify Technologies Limited has its headquarter in Chennai, India. The Company serve over 8,500 businesses and have recently entered into the U.S. market with offices in Silicon Valley.

(Source:Sify Technologies Limited)

SIFY Regains Compliance with Nasdaq Minimum Bid Price Requirement

In December 2016, SIFY received a notification from Nasdaq due to its failure to maintain a minimum bid price of $1.00 for its common stock, over the previous 30 consecutive business days. On September 28th, 2017, Nasdaq notified SIFY that it had regained compliance with the Listing Rules. From September 14 to 27, 2017, the closing bid price of SIFY’s common stock had been at $1.00 per share or greater.

SIFY Expands Its Network Presence

SIFY launched its 7th network Point of Presence (PoP) at Interxion’s MRS1 data center in Marseille, France. The Company is now in charge of Europe’s gateway to India, the Middle East and Africa. Therefore, Sify is connecting all the major global data-transit locations with these 7 PoPs.

The Company’s main goal is to provide effective solutions for customers to efficiently handle the large increase in content exchanged in between Europe and India. Sify’s ability to provide very high availability network of mission-critical applications between Europe and its more that 9000 Enterprise customers on the Indian sub-continent has been enhanced.

Moreover, after this expansion, Sify’s stock price rose 94.87%, until now, in accordance with the I Know First bullish forecast sent on September 5th, 2017. See chart below.

(Source: Google Finance)

SIFY Reports First Quarter Consolidated Results

Sify announced its consolidated results under International Reporting Standards for the first quarter of the fiscal year 2017-18. According to the Company’s Chairman, Sify had made clear progress on all fronts, which is a result of the strategic direction they have set for themselves.

Sify is focusing on expanding its footprint in India and strengthening its services across the world. The Company is involved in Digital India initiatives and various digital transformation projects, which are the key driver to its growth. Sify is also finding multiple opportunities for their services, since India’s government opted to aggressively adopt automation.

Sify’s revenue has shown an extremely high increase in its revenue over the past years. See chart below. 

(Source:Sify Technologies Limited)

In comparison with the same quarter of last year, Sify’s revenue has increased by 9% to INR 4555 million. The Company’s EBITDA for the quarter was INR 699 million, an increase of 12% over the same quarter last year.

Moreover, Sify’s net profit increased by 39% over the same quarter last year, to INR 174 million. The Company’s CAPEX was INR 573 million, during the quarter. Furthermore, its cash balance was INR 1820 million in this quarter.

I Know First Bullish Forecast on SIFY


The Company’s strategic direction, focusing on progress and expansion has helped SIFY to increase its financial results and to let the Company to regain compliance with Nasdaq. I Know First continues to have a bullish forecast for SIFY. The state-of-the-art algorithm is showing an extremely strong signal for the near and long-term periods.

Past I Know First Success with SIFY

I Know First Algorithm has previously predicted the stock movement for SIFY such as in this forecast from September 5th, 2017 to September 19, 2017. The forecast showed a bullish signal of 28.12 and a predictability of 0.18 and achieved a return of 65.97% in just 14 days.

I Know First Algorithm Heatmap Explanation

The sign of the signal tells in which direction the asset price is expected to go (positive = to go up = Long, negative = to drop = Short position), the signal strength is related to the magnitude of the expected return and is used for ranking purposes of the investment opportunities.

Predictability is the actual fitness function being optimized every day, and can be simplified explained as the correlation based quality measure of the signal. This is a unique indicator of the I Know First algorithm. This allows users to separate and focus on the most predictable assets according to the algorithm. Ranging between -1 and 1, one should focus on predictability levels significantly above 0 in order to fill confident about/trust the signal.

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