Stock Pulse
Iron Mountain (IRM) appointed Gary Aitkenhead as EVP and General Manager of Data Centers, signaling a commitment to expanding this key growth area [2], [3]. The company reported strong Q4 2024 results, with overall revenue growth of 11.4% driven by storage rentals and a 25.3% increase in data center revenue [6], [8]. Despite this, the company's stock has dipped recently, potentially due to broader market downturns and slightly missed Q4 earnings expectations [3], [5], [7]. IRM is scheduled to announce Q1 2025 earnings on May 1st [1]. While facing competition and rising interest expenses, IRM's outlook remains positive due to its recurring revenue model, data center growth, and a recent dividend increase [8]. Insider stock transactions, including the CEO exercising options and selling shares, and a director's acquisition of phantom stock units, have also been reported [9], [10].