Latest news with #IronMountain
Yahoo
15 hours ago
- Business
- Yahoo
Jim Cramer Says He is 'Not a Fan' of Iron Mountain (IRM)
We recently published a list of . In this article, we are going to take a look at where Iron Mountain Incorporated (NYSE:IRM) stands against other stocks that Jim Cramer discusses. When a caller inquired about Iron Mountain Incorporated (NYSE:IRM) during the lightning round, Cramer commented, 'No, not a fan. Yield too low. Not there.' Iron Mountain (NYSE:IRM) provides solutions that help organizations manage, protect, and transform their information and assets across physical and digital formats. On May 27, as Barclays revised its models for the data center group, the firm raised its price target on the stock to $121 from $118 and maintained an Overweight rating. However, Cramer showed bearish sentiment toward the company earlier in May as he commented: 'No. Better places to be, better places to be. You know, like we have Kimco on tonight, give you a better yield. I think that's a better place to go.' A biotechnology laboratory with a scientist working with a microscope on a volixibat drug. Overall, IRM ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Business
- Yahoo
Jim Cramer Says He is 'Not a Fan' of Iron Mountain (IRM)
We recently published a list of . In this article, we are going to take a look at where Iron Mountain Incorporated (NYSE:IRM) stands against other stocks that Jim Cramer discusses. When a caller inquired about Iron Mountain Incorporated (NYSE:IRM) during the lightning round, Cramer commented, 'No, not a fan. Yield too low. Not there.' Iron Mountain (NYSE:IRM) provides solutions that help organizations manage, protect, and transform their information and assets across physical and digital formats. On May 27, as Barclays revised its models for the data center group, the firm raised its price target on the stock to $121 from $118 and maintained an Overweight rating. However, Cramer showed bearish sentiment toward the company earlier in May as he commented: 'No. Better places to be, better places to be. You know, like we have Kimco on tonight, give you a better yield. I think that's a better place to go.' A biotechnology laboratory with a scientist working with a microscope on a volixibat drug. Overall, IRM ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 days ago
- Business
- CNBC
Lightning Round: PDYN, D, IRM
'Mad Money' host Jim Cramer weighs in on stocks including: Palladyne AI, Dominion Energy and Iron Mountain.
CNBC
5 days ago
- Business
- CNBC
Cramer's Lightning Round: 'Not a fan' of Iron Mountain
Dominion Energy: "I like Dominion. It's fine. For a while, I was worried about the balance sheet. I think we're ok." Iron Mountain: "No, not a fan. Yield too low." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
6 days ago
- Business
- Yahoo
Why Iron Mountain Stock Rallied 10% in May
Iron Mountain reported strong first-quarter results last month. The REIT is benefiting from the accelerating growth provided by its growth businesses. It's in a strong position to continue growing. 10 stocks we like better than Iron Mountain › Shares of Iron Mountain (NYSE: IRM) jumped 10.1% in May, according to data provided by S&P Global Market Intelligence. A big catalyst was the real estate investment trust's (REIT) strong first-quarter results. Iron Mountain got off to a "strong start to 2025," commented CEO William Meaney in the REIT's first-quarter earnings press release. He noted that the company delivered "another record performance in Revenue, Adjusted EBITDA, and AFFO in the first quarter and above our expectations." Its revenue rose 8%, its adjusted EBITDA increased 12%, and its AFFO rose 8% (and by 6% per share). The company saw strong performance across its business. Its legacy physical storage operations benefited from stable demand. Meanwhile, its growth businesses (data, digital, and asset lifecycle management) collectively grew by more than 20% in the period. The company continues to benefit from its Project Matterhorn growth strategy, which is a multiyear plan to accelerate its growth. It has helped the REIT deliver 11% compound annual revenue growth and 9% compound annual AFFO growth since 2021. Its growth businesses have increased their revenue at a 28% compound annual rate during that period (compared to 6% for its legacy operations) and now contribute 28% of its yearly revenue. Iron Mountain sees more growth ahead. Its strong performance in the first quarter and positive outlook led the company to increase its full-year guidance. It now expects its revenue and AFFO to grow by 11% at the midpoint of its forecast (up from 9%), with AFFO per share rising 10% (up from 8%). A key aspect of the company's strategy has been investing in building data centers. The REIT currently has 29 data centers in 21 markets, serving over 1,300 customers. It has 424 megawatts (MW) of operating capacity, another 185 MW under construction, and an additional 671 MW of development projects in the pipeline. That large backlog puts the company in a position to grow its data center revenue at a more than 20% annual rate in the future. Iron Mountain's Project Matterhorn strategy has helped significantly grow shareholder value in recent years. The stock is up over 250% in the past five years. That has shares trading at around $100 or about 20 times AFFO at the midpoint of its 2025 guidance range. That's a reasonable level for a REIT and right in line with the trading levels of other REITs focused on the fast-growing data center sector. Because of that, Iron Mountain still looks like a buy for those seeking income (it has a more than 3% dividend yield) and solid growth potential. Before you buy stock in Iron Mountain, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Iron Mountain wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Matt DiLallo has positions in Iron Mountain. The Motley Fool recommends Iron Mountain. The Motley Fool has a disclosure policy. Why Iron Mountain Stock Rallied 10% in May was originally published by The Motley Fool Sign in to access your portfolio
