Latest news with #IRM
Business Wire
3 days ago
- Business
- Business Wire
Iron Mountain Provides Update on U.S. Government Digital Award
PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term engagement for digitalization as a service, with an expanded scope and a lengthened contract period of five years. If awarded, this new RFQ would incorporate the work awarded to Iron Mountain in April. The company welcomes the opportunity to compete for this larger and longer duration contract. Having successfully completed numerous digital transformation projects for the U.S. Government, having been awarded the earlier iteration of this opportunity, and having the benefit of doing the work under its current contract, Iron Mountain believes it is well positioned to provide the U.S. Government with a superior end-to-end solution that can fully support this efficiency initiative. The company has begun the process of responding to the RFQ and expects to submit its response before the government's July 11, 2025 deadline. In the meantime, we continue to work and be compensated under the initial award given the time criticality of the U.S. Government's requirement. As previously disclosed, the company has not included any benefit from the Department of Treasury award in its 2025 financial guidance. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit
Malay Mail
4 days ago
- Business
- Malay Mail
Institute of Risk Management and the Malaysian Association of Risk and Insurance Management sign agreement to strengthen collaboration in Malaysia
KUALA LUMPUR, June 19 — The Institute of Risk Management (IRM) and the Malaysian Association of Risk and Insurance Management (MARIM) signed a Memorandum of Understanding (MoU) yesterday to enhance collaboration and advance risk management practices in Malaysia. This MoU was established with the aim of generating mutual benefit for both organisations signalling a shared interest in advancing risk management for the benefit of businesses and societies in Malaysia and beyond. 'The MoU sets the foundation for closer ways of working and focuses on joint face-to-face and virtual events, thought leadership initiatives and wider promotional activities with the IRM's global network of regional and special interest groups,' chair of IRM Stephen Sidebottom said at the signing ceremony here. Explaining further, Sidebottom said the IRM is a learning organisation committed to advancing the science and art of risk management. 'Our charitable purpose is to advance good, organisational and community resilience by building knowledge capital and social capital in risk management. 'We are looking at supporting individuals and institutions in developing their capabilities, confidence and connections needed to anticipate, navigate and prepare for natural and organisational (human) risks,' he said. The IRM is rooted in the belief that professional risk competence leads to more resilient societies, more sustainable organisations, and improved outcomes for people, economies and the environment, Sidebottom added. In addition to that, he said the MoU and commitment of goodwill marks a significant milestone in IRM's commitment to supporting risk professionals in Malaysia. 'By working together with MARIM, we can drive innovation, share expertise and elevate risk management standards across industries,' he said. The MoU signing ceremony was also attended by George Freeman, MP, UK Trade Envoy to Malaysia. 'I was pleased to join this event in my capacity as the UK Prime Minister's Trade Envoy to Malaysia, a role focused on strengthening trade and investment ties between our two countries. 'Risk is no longer an isolated concern—it is now embedded in every layer of business, policy, and strategy. 'Organisations like the IRM play a vital role in maintaining those high standards and exporting best practice internationally,' Freeman said. Chair of the Institute of Risk Management Stephen Sidebottom (right) and chair of Malaysian Association of Risk and Insurance Management (MARIM) Muhammad Faisha Shahriman signing a memorandum of understanding to enhance risk management practices in Malaysia. — Picture by Sayuti Zainudin He added that from a trade perspective, embedding risk management strengthens the case for investment, ensures business continuity, and helps companies innovate responsibly. 'The UK has long been a global centre for governance, risk, and compliance expertise. 'The British High Commission in Kuala Lumpur, including our Department for Business and Trade (DBT) team, stands ready to support UK and Malaysian organisations in building partnerships, sharing expertise, and expanding responsibly into each other's markets,' he added. Chair of MARIM Muhammad Faisha Shahriman echoed the sentiment, adding that MARIM welcomes this strategic partnership with IRM, which will see the opening of new pathways for advancing the risk management profession in Malaysia. 'This MoU enables us to leverage IRM's global expertise to provide Malaysians risk and insurance professionals with access to their global risk management standard setting. 'By strengthening local capabilities through thought leadership, research opportunities and collaborative events, we aim to support risk managers in addressing industry challenges and driving business resilience. 'This partnership ensures that professionals in Malaysia can benefit from global insights while applying them effectively to local market needs, helping to raise standards and advance the profession,' Muhammad Faisha said. The event also saw the launch of the first-ever in-person delivery of IRM's flagship Fundamentals of Risk Management (FoRM) course in Malaysia, which is now HRD Corp-funded. 'This landmark training will take place at Cititel Mid Valley, Kuala Lumpur, on July 22 and 23, 2025, offering business and management professionals a dynamic, interactive introduction to Enterprise Risk Management (ERM). 'Led by Shantini Paul, an experienced risk and compliance professional with over 15 years of training expertise, this course combines theory, case studies and practical exercises aligned with ISO 31000 and industry best practices. 'Participants will gain essential risk management skills, helping them make smarter decisions, reduce losses, and create safer, more resilient workplaces,' Sidebottom said. The IRM is a leading professional body for Enterprise Risk Management (ERM) that provides globally recognised qualifications, training and advisory, publish thought leadership and run insightful events open to both our members and the wider public, all of which are underpinned by our professional standards, defining the requirements risk managers need to meet. It focuses on helping organisations and individuals build excellence in risk management and raise awareness of risk across society so that they protect value and take advantage of opportunity. IRM is a registered charity. As for the MARIM, it is a non-profit trade association representing corporations which practice risk and insurance management in Malaysia. MARIM was founded in 1992 and the association is managed by an executive committee elected by its members. The main objective of MARIM is to promote, foster and develop concepts and practices of risk and insurance management.
Yahoo
5 days ago
- Business
- Yahoo
Is Iron Mountain Stock Outperforming the Dow?
Portsmouth, New Hampshire-based Iron Mountain Incorporated (IRM) provides records management, data management solutions, and information destruction services. Valued at $30.1 billion by market cap, the company serves banking, energy, entertainment, health care, insurance, law firm, life science, retail, and pharmaceutical industries. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and IRM perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the REIT - specialty industry. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its notable strength, IRM slipped 21.1% from its 52-week high of $130.24, achieved on Oct. 25, 2024. Over the past three months, IRM stock gained 15.3%, outperforming the Dow Jones Industrials Average's ($DOWI) marginal gains during the same time frame. In the longer term, shares of IRM dipped 2.2% on a YTD basis, underperforming DOWI's YTD marginal losses. However, the stock climbed 16.4% over the past 52 weeks, outperforming DOWI's 9.2% returns over the last year. To confirm the bearish trend, IRM is trading below its 200-day moving average since late January, with minor fluctuations. However, the stock has been trading above its 50-day moving average since late April. IRM's strong performance can be attributed to its focus on cash flow in storage and records management, as well as growth in the data center business through strategic acquisitions. The company's expansion strategy includes organic growth efforts and capital recycling to support its growth endeavors. Additionally, IRM's legacy physical storage operations saw stable demand, while its growth businesses grew by over 20%. Overall, the company's results reflect solid performance across all segments, highlighting its successful growth strategy for Project Matterhorn. On May 1, IRM shares closed up more than 2% after reporting its Q1 results. Its adjusted FFO of $1.17 per share exceeded Wall Street expectations of $1.16 per share. The company's revenue was $1.59 billion, missing Wall Street forecasts of $1.60 billion. IRM expects full-year adjusted FFO in the range of $4.95 to $5.05 per share, and expects revenue in the range of $6.7 billion to $6.9 billion. In the competitive arena of REIT - specialty, Digital Realty Trust, Inc. (DLR) has taken the lead over IRM, showing resilience with a marginal loss on a YTD basis and 18.2% uptick over the past 52 weeks. Wall Street analysts are bullish on IRM's prospects. The stock has a consensus 'Strong Buy' rating from the nine analysts covering it, and the mean price target of $115.78 suggests a potential upside of 12.7% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
09-06-2025
- Business
- Yahoo
Jim Cramer Says He is 'Not a Fan' of Iron Mountain (IRM)
We recently published a list of . In this article, we are going to take a look at where Iron Mountain Incorporated (NYSE:IRM) stands against other stocks that Jim Cramer discusses. When a caller inquired about Iron Mountain Incorporated (NYSE:IRM) during the lightning round, Cramer commented, 'No, not a fan. Yield too low. Not there.' Iron Mountain (NYSE:IRM) provides solutions that help organizations manage, protect, and transform their information and assets across physical and digital formats. On May 27, as Barclays revised its models for the data center group, the firm raised its price target on the stock to $121 from $118 and maintained an Overweight rating. However, Cramer showed bearish sentiment toward the company earlier in May as he commented: 'No. Better places to be, better places to be. You know, like we have Kimco on tonight, give you a better yield. I think that's a better place to go.' A biotechnology laboratory with a scientist working with a microscope on a volixibat drug. Overall, IRM ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Jim Cramer Says He is 'Not a Fan' of Iron Mountain (IRM)
We recently published a list of . In this article, we are going to take a look at where Iron Mountain Incorporated (NYSE:IRM) stands against other stocks that Jim Cramer discusses. When a caller inquired about Iron Mountain Incorporated (NYSE:IRM) during the lightning round, Cramer commented, 'No, not a fan. Yield too low. Not there.' Iron Mountain (NYSE:IRM) provides solutions that help organizations manage, protect, and transform their information and assets across physical and digital formats. On May 27, as Barclays revised its models for the data center group, the firm raised its price target on the stock to $121 from $118 and maintained an Overweight rating. However, Cramer showed bearish sentiment toward the company earlier in May as he commented: 'No. Better places to be, better places to be. You know, like we have Kimco on tonight, give you a better yield. I think that's a better place to go.' A biotechnology laboratory with a scientist working with a microscope on a volixibat drug. Overall, IRM ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
