Latest news with #IronMountainIncorporated
Yahoo
a day 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
a day 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
27-05-2025
- Business
- Yahoo
Barclays Maintains Overweight Rating on Iron Mountain (IRM), Lifts PT
On May 27, Barclays raised its price target on Iron Mountain Incorporated (NYSE:IRM) to $121 from $118 and maintained an Overweight rating. The rating update came with the firm's update of models in the data center group and the company's fiscal Q1 2025 earnings, which showed record performance in revenue and adjusted EBITDA. A storage facility with boxes and shelves to store records, representing the company's secure records storage. Iron Mountain Incorporated (NYSE:IRM) reported record fiscal Q1 2025 revenue of $1.6 billion, reflecting a 7.8% growth on a reported basis and 9.4% growth excluding the effects of foreign exchange. The improved results were attributed to strong performance across the company's business, with its growth businesses of data center, digital, and asset lifecycle management (ALM) collectively rising more than 20%. The company also delivered a record first-quarter adjusted EBITDA of $580 million and increased its 2025 guidance based on these results. On May 1, Iron Mountain Incorporated (NYSE:IRM) declared a quarterly cash dividend of $0.785 per share for Q2 2025. Iron Mountain Incorporated (NYSE:IRM) provides storage and information management solutions. Its operations are divided into the following business segments: Global Records & Information Management Business, Global Data Center Business, and Corporate & Other Business. 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 AI stock that is more promising than IRM and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Yahoo
14-05-2025
- Business
- Yahoo
Jim Cramer on Iron Mountain (IRM) – 'Nope. Better Places to Be. Look at Kimco Instead'
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 on Jim Cramer's radar recently. On Monday's episode of Mad Money, Jim Cramer broke down the day's market rally and argued in favor of staying invested, even in times of uncertainty. He pointed out that earnings are once again playing a significant role in driving market behavior. 'Earnings matter again, okay? That's what happened last night when the United States and China reached an agreement, however temporary, to hold off trade armageddon. The rollback of the exorbitant tariffs to much more reasonable levels caused the stock market to explode.' READ ALSO: 10 Jim Cramer Stocks with Huge Upside Potential and Jim Cramer's Thoughts on These 13 Stocks. He highlighted that the rally was not limited to companies directly tied to U.S.-China trade. He called it 'a spectacular day for the bulls.' Still, Cramer was quick to ground the excitement. He pointed out that despite the dramatic gains, the S&P 500 remains essentially flat for the year. While he welcomed the reversal, he said: 'Now don't get me wrong, I'm glad it happened, but I just spent a week in Europe, and it is stunning how much better the markets are doing over there.' He expressed hope that the rebound in U.S. stocks continues but warned investors not to ignore other global opportunities. 'If we find ourselves in trouble again, something that's still a real possibility, please don't forget that Europe's also an option,' he said. He acknowledged that European markets have been the best-performing so far this year. 'Bottom line: It's better to stay in, stay on, and let her ride than to try to pick the perfect moment to trade in and out and in and out of the stock market. By the way, that's not much of a strategy. It's more of a game of chicken where there are no winners, just losers who think they are smarter than the average bear.' For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 12. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 40 A caller asked if they should buy more, sell, or hold Iron Mountain Incorporated (NYSE:IRM). Here's what Cramer had to say in response: '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.' Iron Mountain (NYSE:IRM) offers a wide range of solutions to meet its clients' needs in information management, digital transformation, data security, data center services, and asset lifecycle management. On May 1, the company reported a record revenue of $1.6 billion for the first quarter of 2025, which was a 7.8% increase on a reported basis. Iron Mountain (NYSE:IRM) saw strong growth in its data center, digital, and asset lifecycle management businesses, which grew over 20%. Net income for the quarter was $16 million, and adjusted EBITDA reported was a record $580 million. Overall, IRM ranks 8th on our list of stocks on Jim Cramer's radar recently. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IRM but that trades at less than 5 times its earnings, check out our report about this cheapest 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.
Yahoo
10-04-2025
- Business
- Yahoo
Iron Mountain Schedules First Quarter 2025 Earnings Release and Conference Call
PORTSMOUTH, N.H., April 10, 2025--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its first quarter 2025 financial results before market hours on Thursday, May 1, 2025. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: under "Quarterly Earnings" prior to the call on Thursday, May 1, 2025. The webcast link can be accessed under "Investor Events" and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference call are encouraged to use the Pre-Registration Link to gain immediate access to the call and bypass the live operator. Participants will be given a unique PIN and may pre-register at any time, including up to and after the call start time. Call and replay information are as follows: Call Date: Thursday, May 1, 2025Call Time: 8:30 A.M. (Eastern Time)Domestic Call Dial In: 1-844-890-1796International Call Dial In: 1-412-717-9590 Telephonic replay available two hours after the conclusion of the call for one week. Replay Domestic Dial In: 1-877-344-7529Replay International Dial In: 1-412-317-0088Access Code: 4857296 About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit View source version on Contacts Investor Relations Contacts: Mark Rupe SVP, Investor (215) 402-7013 Erika Crabtree Manager, Investor (617) 535-2845 Sign in to access your portfolio
