5 Best Data Center Hardware Stocks to Invest in

2. Vertiv Holdings Co (NYSE:VRT)

On April 22, Vertiv Holdings Co (NYSE:VRT) reported solid first-quarter growth, with net sales of $2.65 billion, a 30% upsurge YoY. The corporation reported an operating profit of $440 million, a 51% increase. It also had an adjusted operating profit of $551 million, with a 64% growth. The firm improved its adjusted operating margin to 20.8%, up 430 basis points, because of rising volumes and price-cost savings.

The corporation had $767 million in operating cash flow, a 153% spike, with adjusted free cash flow being $653 million, up 147%.

According to CEO Giordano Albertazzi, “customers prioritizing optimized design, deployment speed, and operational efficiency,” showing that demand is linked to changing data center requirements. Executive Chairman Dave Cote said that clients chose the firm “because we can deliver at scale.”

Vertiv Holdings Co (NYSE:VRT) updated its full-year goals and forecasted net sales of $13.5 billion to $14.0 billion and adjusted EPS of $6.30 to $6.40.

Vertiv Holdings Co (NYSE:VRT) is a company that produces, designs, and services critical digital infrastructure technology for data centers, communication networks, and commercial and industrial applications.