DuPont Fabros names James Armstrong as Chief Accounting Officer DuPont Fabros Technology announced that James W. Armstrong has been promoted to Chief Accounting Officer. Armstrong joined DuPont Fabros Technology at the time of its initial public offering in 2007 as the Director of Financial Reporting. In December 2013, Armstrong was promoted to VP, Corporate Controller.
DuPont Fabros initiated with a Sell at Goldman Goldman initiated DuPont Fabros with a Sell and $29 price target. The firm is concerned with Dupont Fabros' customer concentration, repricing risk, and limited visibility into future growth.