BOCA RATON, Fla. - DigitalBridge Group, Inc. (NYSE: DBRG), a global digital infrastructure investment firm, has announced the appointment of industry veteran Christian Belady as a Senior Advisor. Belady, who has over four decades of experience in data center development and management, will provide strategic guidance to DigitalBridge's data center investment strategy.
Belady's career includes significant contributions to data center and server design, holding over 150 U.S. and international patents. He has been recognized with industry awards and was recently elected to the National Academy of Engineering. Belady's expertise is expected to support DigitalBridge's efforts to meet the growing demand for digital infrastructure driven by cloud computing and artificial intelligence (AI).
Jon Mauck, Senior Managing Director at DigitalBridge, expressed confidence that Belady's innovations and experience will advance the company's data center sector, particularly in energy efficiency and design improvements for AI workloads.
Prior to this role, Belady served as Vice President of Data Center Research and Development at Microsoft (NASDAQ:MSFT)'s Cloud Infrastructure Organization, where he led a team developing new technologies to scale cloud and AI services. He also contributed to the development of industry standards and sustainability initiatives through organizations such as ASHRAE, The Green Grid, and iMasons Climate Accord.
DigitalBridge manages $75 billion in digital infrastructure assets and has offices in key global markets. The company's portfolio includes investments in cell towers, data centers, fiber, small cells, and edge infrastructure.
The information for this article is based on a press release statement from DigitalBridge Group, Inc.
InvestingPro Insights
DigitalBridge Group, Inc. (NYSE: DBRG) has been actively enhancing its strategic position in the digital infrastructure sector, underscored by the recent appointment of Christian Belady as a Senior Advisor. As the company navigates the competitive landscape of digital infrastructure investment, real-time data and insights from InvestingPro provide a deeper understanding of its financial health and market performance.
According to InvestingPro, DigitalBridge's management has been focused on shareholder value, as evidenced by aggressive share buybacks. This aligns with the company's strategy to optimize capital allocation and could signal management's confidence in the firm's intrinsic value. In addition, DigitalBridge is currently trading at a low EBITDA valuation multiple, which may indicate that the company is undervalued relative to its earnings before interest, taxes, depreciation, and amortization.
InvestingPro Data further reveals that DigitalBridge has a market capitalization of approximately $3.5 billion, with a notable revenue growth of 27.77% over the last twelve months as of Q3 2023. The company's gross profit margin stands at a robust 76.5%, reflecting efficient operations and strong pricing power. However, analysts are anticipating a sales decline in the current year, which could be a point of concern for potential investors.
Those interested in a more detailed analysis, including additional InvestingPro Tips such as the company's expected net income drop this year and its recent stock price volatility, can find them on InvestingPro. There are 11 additional tips available for DigitalBridge, which can be accessed at https://www.investing.com/pro/DBRG. To get an additional 10% off a 2-year InvestingPro+ subscription, use the coupon code SFY24, or for a 1-year subscription, use code SFY241.
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