Somewhat Positive Press Coverage Somewhat Unlikely to Affect CyrusOne (CONE) Share Price
Media headlines about CyrusOne (NASDAQ:CONE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog 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 daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.3622481191936 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
CyrusOne (NASDAQ:CONE) traded up $0.82 during trading hours on Monday, hitting $59.07. 493,286 shares of the stock were exchanged, compared to its average volume of 819,782. The stock has a market cap of $5,390.00, a P/E ratio of -60.28, a PEG ratio of 0.94 and a beta of 0.79. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a 12-month low of $46.41 and a 12-month high of $65.73.
CyrusOne (NASDAQ:CONE) last released its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The business had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. analysts expect that CyrusOne will post 3.08 EPS for the current fiscal year.
CONE has been the topic of a number of research analyst reports. BidaskClub raised shares of CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Deutsche Bank reissued a “buy” rating and set a $71.00 price objective on shares of CyrusOne in a research report on Friday, November 10th. Cowen reaffirmed a “buy” rating and issued a $68.00 target price on shares of CyrusOne in a research report on Thursday, September 21st. Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Finally, ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $64.15.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the transaction, the insider now owns 214,063 shares in the company, valued at approximately $12,886,592.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.64% of the company’s stock.
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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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