Shares of Csquare Inc. jumped nearly 20% on Tuesday after the data center operator reported faster revenue growth, a 14th straight quarter of record bookings and higher profit guidance. Several analysts raised their price targets after the report.

The stock rose $3.02 to $18.29 in morning trading on the New York Stock Exchange, adding to a 6.5% gain on Monday. About 1 million shares had traded by midmorning. Csquare has a market value of about $3 billion, though the stock is still down about 26% over the past year.

Csquare, based in Dallas, went public in July. It provides carrier-neutral data center space, where enterprise, network and cloud customers can house and connect their computing equipment.

Third-quarter revenue rose 25.6% from a year earlier to $302.3 million, beating analysts' consensus estimate of about $287 million. Adjusted earnings before interest, taxes, depreciation and amortization rose 44.3% to $132.1 million, and the adjusted EBITDA margin widened to........

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