CyrusOne (CONE) Earning Somewhat Positive Press Coverage, Accern Reports
Press coverage about CyrusOne (NASDAQ:CONE) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CyrusOne earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.686981732647 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Head to Head Comparison: Corrections Corp. of America (CXW) versus CyrusOne (CONE) (americanbankingnews.com)
- Is There a Spark Ahead for Either LogMeIn, Inc. (NASDAQ:LOGM) or CyrusOne Inc. (NASDAQ:CONE)? – FLBC News (flbcnews.com)
- Share Activity Lifted for CyrusOne Inc (CONE) in Session – Bulletin News (orobulletin.com)
- CyrusOne Inc. (CONE) has a value of $63.18 per share While Matrix Service Company (MTRX) is stand at $12.30 – Stocks Gallery (stocksgallery.com)
- CyrusOne Inc (NASDAQ:CONE) Experiences Lighter than Usual Trading Volume – Modern Readers (modernreaders.com)
Shares of CyrusOne (CONE) opened at 64.02 on Friday. The company’s market cap is $5.64 billion. The stock’s 50 day moving average price is $60.37 and its 200-day moving average price is $55.54. CyrusOne has a 52 week low of $38.80 and a 52 week high of $64.31.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $165.71 million. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts expect that CyrusOne will post ($0.21) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.62%. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.
CONE has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on CyrusOne in a research report on Friday, June 30th. They issued an “outperform” rating and a $73.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price objective (up from $56.00) on shares of CyrusOne in a research report on Wednesday, May 17th. Royal Bank Of Canada boosted their price objective on CyrusOne from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Stifel Nicolaus boosted their price objective on CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, Cowen and Company boosted their target price on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.08.
In related news, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the transaction, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.64% of the company’s stock.
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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