Video: Craig Scroggie, CEO of NextDC

About the author:

Author name:

By Nick Harris

Job title:

Senior Analyst

Date posted:

18 October 2017, 9:15 AM

Sectors Covered:

Telecommunications, Technology

NextDC (NXT) has progressively proven it can populate its data centres to generate impressive returns. It has subsequently lowered its cost of capital, lowered the cost to build and lowered the cost to operate its world class data centre while at the same time adding more cloud, content, channel partners and corporate customers to its data centre ecosystem.

NXT has now progressed to the second round of generation 2 data centres, which creates an even bigger opportunity to grow the business. I spoke with Craig Scroggie, CEO of NextDC, last week about the company's plans for 2018:

NXT will host its AGM in late November and we think it's possible that larger customers could be secured for its generation 2 facilities with B2 and M2 operational and S2 due to go live within the next 12 months.

More information

We currently have an Add recommendation on NextDC and it is one of our high conviction stock picks this month. Morgans clients can view further detailed analysis and the share price target for NXT here. Alternatively, please contact your nearest Morgans office for access.

Disclaimer(s): Analyst owns shares.

Morgans Corporate has been appointed as a Corporate adviser to 360 Capital Group.

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