Beijing-based ChinaChindata Group Holdings Limited (CD) provides carrier-neutral hyper-scale data center solutions in China, India, and Southeast Asia. It recently reported impressive fiscal fourth-quarter results, beating Wall Street estimates. Its revenue and EPS for the quarter came in at $122.67 million and $0.06, respectively, besting estimates by 2.9% and 200%, respectively.
However, the stock has declined 16.2% in price over the past six months to close yesterday’s trading session at $6.94. In addition, it is currently trading 60.3% below its 52-week high of $17.48, which it hit on April 6, 2021.
