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Vertiv Declares Quarterly Dividend

Retrieved on:

Thursday, March 7, 2024

Software, Technology, Hardware, Data Management, VRT

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company’s Class A common stock.

Key Points:

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company’s Class A common stock.
The cash dividend will be payable on March 28, 2024, to shareholders of record of Class A common stock at the close of business on March 19, 2024.

Vertiv to Participate in Upcoming J.P. Morgan Industrials Conference

Retrieved on:

Monday, March 4, 2024

Professional Services, Data Management, Data Analytics, Technology, Software, Networks, Hardware, VRT, Conference

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the upcoming J.P. Morgan Industrials Conference in New York City.

Key Points:

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the upcoming J.P. Morgan Industrials Conference in New York City.
Giordano Albertazzi, Chief Executive Officer, and David Fallon, Chief Financial Officer, will present at the event on Wednesday, March 13, 2024 at 12:00 p.m. Eastern time.

Vertiv Reports Strong Fourth Quarter Results and Provides Full Year 2024 Outlook

Retrieved on:

Wednesday, February 21, 2024

Professional Services, Data Management, Data Analytics, Technology, Software, Consulting, Hardware, Acquisition, AI, Growth, VRT, S&P Global, Public expenditure, Acceleration, ABL, DNA, Video game

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its fourth quarter and full year ended December 31, 2023.

Key Points:

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its fourth quarter and full year ended December 31, 2023.
Vertiv reported fourth quarter 2023 net sales of $1,865 million, an increase of $211 million, or 13%, compared to fourth quarter 2022 and a 12% organic net sales(1) increase, which excludes the impact of foreign currency.
The book-to-bill ratio was 1.3x in the fourth quarter and organic orders increased 23% from last year’s fourth quarter, as underlying market demand remained strong.
Fourth quarter 2023 operating profit of $285 million increased $123 million and adjusted operating profit of $330 million increased $120 million, or 57%, from fourth quarter 2022.

Vertiv Announces Date of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on:

Wednesday, January 31, 2024

Software, Networks, Data Analytics, Hardware, Data Management, Professional Services, Technology, Mobile, Wireless, VRT, Webcast

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its fourth quarter and full year 2023 results before market open on Wednesday, February 21, 2024.

Key Points:

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its fourth quarter and full year 2023 results before market open on Wednesday, February 21, 2024.
The press release will contain a link to the presentation materials providing a fourth quarter and full year 2023 update, which will be available on Vertiv’s website at investors.vertiv.com .
Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.
A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv’s website at investors.vertiv.com .

Digital Agriculture Market worth $36.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, January 29, 2024

For instance, the Indian government is spearheading a technological revolution in agriculture, championing the widespread adoption of digital and innovative farming techniques throughout the nation.

Key Points:

For instance, the Indian government is spearheading a technological revolution in agriculture, championing the widespread adoption of digital and innovative farming techniques throughout the nation.
As the sector continues to embrace innovation, automation and control systems stand as a key driver, propelling the digital agriculture market toward growth and efficiency.
The US is poised to maintain its dominant position within the North American digital agriculture market throughout the forecast period.
Farmers are increasingly recognizing the transformative impact of digital agriculture technologies on operational efficiency, resource optimization, and ultimately, crop yields.

Digital Agriculture Market worth $36.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, January 29, 2024

For instance, the Indian government is spearheading a technological revolution in agriculture, championing the widespread adoption of digital and innovative farming techniques throughout the nation.

Key Points:

For instance, the Indian government is spearheading a technological revolution in agriculture, championing the widespread adoption of digital and innovative farming techniques throughout the nation.
As the sector continues to embrace innovation, automation and control systems stand as a key driver, propelling the digital agriculture market toward growth and efficiency.
The US is poised to maintain its dominant position within the North American digital agriculture market throughout the forecast period.
Farmers are increasingly recognizing the transformative impact of digital agriculture technologies on operational efficiency, resource optimization, and ultimately, crop yields.

VERTIV ALERT: Bragar Eagel & Squire, P.C. is Investigating Vertiv Holdings Co. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on:

Wednesday, December 20, 2023

Class Action Lawsuit, Professional Services, Legal, Telephone, Defendant, News, P.C, VRT, Cryptocurrency

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vertiv Holdings Co. (NYSE: VRT) on behalf of long-term stockholders following a class action complaint that was filed against Vertiv on March 24, 2022 with a Class Period from April 28, 2021 to February 23, 2022.

Key Points:

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vertiv Holdings Co. (NYSE: VRT) on behalf of long-term stockholders following a class action complaint that was filed against Vertiv on March 24, 2022 with a Class Period from April 28, 2021 to February 23, 2022.
Our investigation concerns whether the board of directors of Vertiv have breached their fiduciary duties to the company.
On February 23, 2022, at 6:00 a.m. Eastern, Vertiv reported disappointing financial results, including $0.06 earnings per share for fourth quarter 2021, missing analyst estimates of $0.28 per share.
There is no cost or obligation to you.

Bugcrowd Platform Implements Industry-First AI Vulnerability Rating Taxonomy for LLMs

Retrieved on:

Tuesday, December 19, 2023

Research, OWASP, Vulnerability, LLM, AI, Conductor, Safety, VRT, Cohere, ROI, Environment, Medical device

SAN FRANCISCO, Dec. 19, 2023 /PRNewswire/ -- Bugcrowd, the only multi-solution crowdsourced cybersecurity platform, today announced updates to the Vulnerability Rating Taxonomy (VRT) that define and prioritize crowdsourced vulnerabilities in Large Language Models (LLMs) for the first time. The VRT is an ongoing open-source effort to standardize how hacker submissions of suspected vulnerabilities are reported in an industry-standard way, and is implemented in the Bugcrowd Platform for use by hackers, customers, and Bugcrowd's application security engineers.

Key Points:

Since the VRT's creation, hundreds of thousands of vulnerability submissions have been created, validated, triaged, and accepted by program owners on the Bugcrowd Platform.
"With these AI security-related updates to the VRT, the Bugcrowd Platform is positioned as the leading option for meeting that goal."
To learn more about how the Bugcrowd Platform can equip your organization to protect itself from cyber risk, access link here .
Register here to join our upcoming webinar: AI Safety and Compliance: Securing the New AI Attack Surface with Bugcrowd Founder and Chief Strategy Officer, Casey Ellis and Zach Long, Founder at Conductor AI.

Vertiv Announces Successful Completion of Term Loan Repricing

Retrieved on:

Wednesday, December 13, 2023

Networks, Hardware, Data Management, Technology, Software, Term loan, Vertiv, NYSE, VRT, Security (finance)

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan.

Key Points:

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan.
The repricing reduces the interest on the Term Loan by 25 basis points to Term SOFR + 250 basis points, resulting in interest savings of approximately $5.3 million per year.

Vertiv Acquisition of CoolTera Ltd. Boosts Liquid Cooling Portfolio

Retrieved on:

Monday, December 4, 2023

Founded in 2016 and based in the UK, CoolTera provides liquid cooling infrastructure solutions, and designs and manufactures coolant distribution units (CDU), secondary fluid networks (SFN), and manifolds for data center liquid cooling solutions.

Key Points:

Founded in 2016 and based in the UK, CoolTera provides liquid cooling infrastructure solutions, and designs and manufactures coolant distribution units (CDU), secondary fluid networks (SFN), and manifolds for data center liquid cooling solutions.
CoolTera and Vertiv have been technology partners for three years with multiple global deployments to data centers and super compute systems.
CoolTera has a proven track record of engineering excellence and strong customer service supported by a team of highly qualified, proven liquid cooling engineers.
Vertiv is well-positioned to support the industry growth.”
The acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions.