Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
DXN Ltd. ( (AU:DXN) ) has issued an update.
DXN Limited has secured a significant contract with Globalstar Inc., valued at approximately AU$4.6 million, to deliver three prefabricated modular data centre units in Hawaii by the end of 2025. This contract highlights DXN’s technical strength and customization capabilities, reinforcing its strategic expansion into high-growth sectors such as satellite communications and aerospace. The project is expected to bolster DXN’s position in the global satellite and aerospace infrastructure sector, supporting the growing demand for edge-capable, rapidly deployable data centres. The contract is seen as a milestone in DXN’s scale-up strategy, enhancing its global delivery capabilities and affirming its role as a leading provider of mission-critical infrastructure.
The most recent analyst rating on (AU:DXN) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on DXN Ltd. stock, see the AU:DXN Stock Forecast page.
More about DXN Ltd.
DXN Limited is a vertically integrated manufacturer and operator of modular data centres in the Asia Pacific region. The company specializes in designing, engineering, manufacturing, maintaining, and operating data centres. DXN serves major government and blue-chip enterprise customers through its two core divisions: the Modular Division, which focuses on EDGE facilities and critical DC infrastructure, and the Data Centre Operations division, which manages and markets data centres and critical infrastructure.
Average Trading Volume: 374,177
Technical Sentiment Signal: Sell
Current Market Cap: A$10.75M
Find detailed analytics on DXN stock on TipRanks’ Stock Analysis page.