Zayo Group Holdings (ZAYO) Earning Positive News Coverage, Report Finds
Press coverage about Zayo Group Holdings (NYSE:ZAYO) has trended positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zayo Group Holdings earned a media sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also gave media stories about the technology company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted AlphaOne Sentiment’s scoring:
- Zayo Group Holdings, Inc. (ZAYO) noted a price change of 0.74 … – Stocks Gallery (stocksgallery.com)
- Multinational Bank chooses Zayo for dark fiber (financial-news.co.uk)
- Zayo Group Holdings, Inc. (ZAYO) Lifted to Hold at BidaskClub (americanbankingnews.com)
- Zayo Group Holdings, Inc. Commo (NYSE:ZAYO) Trading Down – Insiders Selling, Short Interest Growing (highlightpress.com)
- Insider Selling: Zayo Group Holdings, Inc. (ZAYO) CEO Sells 49,868 Shares of Stock (americanbankingnews.com)
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, May 3rd. Citigroup Inc. increased their target price on Zayo Group Holdings from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Cowen and Company reiterated an “outperform” rating on shares of Zayo Group Holdings in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) downgraded Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 19th. Finally, BidaskClub upgraded Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.29.
Zayo Group Holdings (NYSE:ZAYO) traded up 0.47% during midday trading on Friday, hitting $32.28. The stock had a trading volume of 1,852,069 shares. The stock has a market cap of $7.93 billion, a P/E ratio of 248.31 and a beta of 0.54. Zayo Group Holdings has a 12-month low of $26.10 and a 12-month high of $35.65. The company’s 50-day moving average price is $32.58 and its 200 day moving average price is $32.56.
Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $550.20 million during the quarter, compared to analysts’ expectations of $545.63 million. Zayo Group Holdings had a return on equity of 5.47% and a net margin of 1.53%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share. On average, equities research analysts predict that Zayo Group Holdings will post $0.40 earnings per share for the current fiscal year.
In other Zayo Group Holdings news, CEO Daniel Caruso sold 22,570 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $32.80, for a total transaction of $740,296.00. Following the transaction, the chief executive officer now directly owns 4,786,546 shares in the company, valued at $156,998,708.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard W. Connor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the director now owns 141,883 shares in the company, valued at $4,965,905. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,460 shares of company stock worth $27,508,489. Corporate insiders own 5.80% of the company’s stock.
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Zayo Group Holdings Company Profile
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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