Gateway Sun

Shares of information sales company Gartner have risen 27.7% in the past six months, from $122.85 per share on March 21 to a close of $156.91 yesterday.

The S&P 500 index is up 8.1% during the same period.

“The leading indicators across all parts of our business are overwhelmingly positive, and we are well-positioned for sustained, long-term double digit growth,” said Gartner CEO Gene Hall in a press release.

Hall says Gartner should reach its goal of $4 billion in revenue in 2018, after posting $3.3 billion in revenue in 2017.

As you know, Gartner has several buildings in the Gateway area and is currently constructing a new campus on airport property. Last week the company announced that they were adding 400 new jobs at its Stamford, Connecticuit headquarters, and the company is also known to be keen to grow is operations in the Dallas, Texas area.

All that growth has translated directly in to value for investors, as the price of Gartner stock has nearly tripled in the past 5 years.

Yesterday’s closing stock price gives the company a value of $14.25 billion.

About Jeff Kuntz

view all posts

Editor of the Gateway Sun and owner of restaurant delivery service Florida Food Runner.

You May Like This