CyrusOne (CONE) Given Daily Media Impact Rating of 0.22
Media coverage about CyrusOne (NASDAQ:CONE) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CyrusOne earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.3169961636248 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
CyrusOne (NASDAQ:CONE) opened at $55.26 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $5,050.00, a P/E ratio of -56.39, a P/E/G ratio of 0.94 and a beta of 0.79. CyrusOne has a 52-week low of $46.41 and a 52-week high of $65.73.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. CyrusOne’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. analysts forecast that CyrusOne will post 3.08 earnings per share for the current fiscal year.
A number of analysts have issued reports on CONE shares. Cowen reaffirmed a “buy” rating and issued a $68.00 target price on shares of CyrusOne in a report on Thursday, September 21st. William Blair started coverage on CyrusOne in a report on Friday, September 22nd. They issued an “outperform” rating on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a report on Monday, October 16th. UBS Group reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $63.00) on shares of CyrusOne in a report on Wednesday, November 1st. Finally, Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. CyrusOne has an average rating of “Buy” and a consensus target price of $64.15.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares in the company, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is owned by company insiders.
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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