CyrusOne Inc (CONE) Expected to Post Quarterly Sales of $189.50 Million
Equities research analysts predict that CyrusOne Inc (NASDAQ:CONE) will report $189.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for CyrusOne’s earnings, with the highest sales estimate coming in at $191.10 million and the lowest estimate coming in at $188.10 million. CyrusOne posted sales of $149.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.9%. The company is scheduled to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that CyrusOne will report full-year sales of $189.50 million for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post sales of $936.80 million per share, with estimates ranging from $863.30 million to $1.01 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow CyrusOne.
A number of research firms have recently issued reports on CONE. BidaskClub downgraded shares of CyrusOne from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research note on Wednesday. Mitsubishi UFJ Financial Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. UBS Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Finally, Cowen reiterated a “buy” rating and set a $78.00 price objective on shares of CyrusOne in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. CyrusOne currently has an average rating of “Buy” and an average price target of $66.92.
CyrusOne (CONE) traded up $2.10 during midday trading on Tuesday, hitting $51.17. 3,085,991 shares of the stock were exchanged, compared to its average volume of 1,373,132. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a 1 year low of $43.49 and a 1 year high of $65.73. The company has a market capitalization of $4,670.00, a P/E ratio of -53.86, a PEG ratio of 0.78 and a beta of 0.70.
CyrusOne Company Profile
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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