CyrusOne (CONE) Receives Coverage Optimism Score of 0.05
Media stories about CyrusOne (NASDAQ:CONE) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CyrusOne earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.1327487031807 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Bewitching Stocks: Windstream Holdings, Inc., (NASDAQ: WIN), CyrusOne Inc., (NASDAQ: CONE), Johnson Controls … – Stocks In The News (press release) (tradingnewsnow.com)
- CyrusOne Inc. to Present at Investor Conferences in December 2017 – Business Wire (press release) (businesswire.com)
- Stocks Generating Improved Relative Strength: CyrusOne (finance.yahoo.com)
- CyrusOne, Inc. breached its 50 day moving average in a Bearish Manner : CONE-US : November 30, 2017 (finance.yahoo.com)
- CyrusOne Inc. : to Present at Investor Conferences in December 2017 (4-traders.com)
A number of analysts have recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Morgan Stanley upped their price target on CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a research note on Thursday, September 14th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a research note on Friday, November 10th. Finally, Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. CyrusOne currently has an average rating of “Buy” and a consensus target price of $64.15.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The business had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. During the same period in the previous year, the company posted $0.67 earnings per share. CyrusOne’s revenue for the quarter was up 21.9% compared to the same quarter last year. analysts anticipate that CyrusOne will post 3.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.74%. CyrusOne’s payout ratio is -171.43%.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the 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 sale, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by corporate insiders.
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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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