NASDAQ:CONE - CyrusOne Stock Price, News, & Analysis

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$51.85 -0.14 (-0.27 %)
(As of 01/18/2019 08:33 AM ET)
Previous Close$51.99
Today's Range$51.58 - $52.21
52-Week Range$43.49 - $69.01
Volume919,464 shs
Average Volume996,130 shs
Market Capitalization$5.50 billion
P/E Ratio16.62
Dividend Yield3.54%
Beta0.97
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 208 Fortune 1000 companies. With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its 47 data centers worldwide.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNASDAQ:CONE
CUSIP23283R10
Phone972-350-0060

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$672 million
Cash Flow$1.9154 per share
Book Value$18.77 per share

Profitability

Net Income$-83,500,000.00

Miscellaneous

Employees416
Market Cap$5.50 billion
OptionableOptionable

CyrusOne (NASDAQ:CONE) Frequently Asked Questions

What is CyrusOne's stock symbol?

CyrusOne trades on the NASDAQ under the ticker symbol "CONE."

How often does CyrusOne pay dividends? What is the dividend yield for CyrusOne?

CyrusOne declared a quarterly dividend on Wednesday, October 31st. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.46 per share on Friday, January 11th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Monday, December 31st. View CyrusOne's Dividend History.

How were CyrusOne's earnings last quarter?

CyrusOne Inc (NASDAQ:CONE) issued its earnings results on Tuesday, October, 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.80 by $1.23. The real estate investment trust earned $206.60 million during the quarter, compared to the consensus estimate of $209.33 million. CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. CyrusOne's revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share. View CyrusOne's Earnings History.

When is CyrusOne's next earnings date?

CyrusOne is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for CyrusOne.

How can I listen to CyrusOne's earnings call?

CyrusOne will be holding an earnings conference call on Thursday, February 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8444923731.

What guidance has CyrusOne issued on next quarter's earnings?

CyrusOne issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $3.25-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.29. The company issued revenue guidance of $820-830, compared to the consensus revenue estimate of $822.57 million.

What price target have analysts set for CONE?

14 brokers have issued 12-month target prices for CyrusOne's shares. Their forecasts range from $52.88 to $73.00. On average, they anticipate CyrusOne's share price to reach $66.4523 in the next year. This suggests a possible upside of 28.2% from the stock's current price. View Analyst Price Targets for CyrusOne.

What is the consensus analysts' recommendation for CyrusOne?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CyrusOne in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CyrusOne.

What are Wall Street analysts saying about CyrusOne stock?

Here are some recent quotes from research analysts about CyrusOne stock:
  • 1. According to Zacks Investment Research, "CyrusOne Inc. is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia. CyrusOne Inc. is headquartered in Carrollton, United States. " (11/2/2018)
  • 2. Credit Suisse Group AG analysts commented, "We reiterate our Outperform and target price of $73. Solid Entry Point at $51: Illustrated in our note, the macro pressures that have negatively impacted CONE’s share price in the last nine months have run their courses, there are very little more market effects to take the company’s share price lower and we point out that CONE is currently trading near the lower end of its historical P/FY2 AFFOS range, currently at 14.1x based on our 2019E AFFO estimates, a solid entry point for investors who have recently exited QTS Realty (Underperform, $31 Target Price). Balanced Leasing Activity: Although total number of leases in Q4 of 395 was lower than the prior four quarter average of 425, we note that CONE’s sales funnel is the largest it has ever been, growing 9% q/q and 40% y/y with 60-70% of demand coming from cloud companies. We see this as a positive for the next few quarters as sales funnel conversions drive strong leasing." (2/28/2018)

Has CyrusOne been receiving favorable news coverage?

Press coverage about CONE stock has trended somewhat positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CyrusOne earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.

Who are some of CyrusOne's key competitors?

Who are CyrusOne's key executives?

CyrusOne's management team includes the folowing people:
  • Mr. Gary J. Wojtaszek, Pres, CEO & Director (Age 53)
  • Ms. Diane M. Morefield, Exec. VP & CFO (Age 60)
  • Mr. Kevin L. Timmons, Exec. VP & Chief Technology Officer (Age 54)
  • Mr. Robert M. Jackson, Exec. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Venkatesh S. Durvasula, Pres of Europe (Age 52)

Who are CyrusOne's major shareholders?

CyrusOne's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.28%), Nippon Life Global Investors Americas Inc. (0.22%), Grassi Investment Management (0.11%), Tealwood Asset Management Inc. (0.07%), Spirit of America Management Corp NY (0.04%) and State of Alaska Department of Revenue (0.04%). Company insiders that own CyrusOne stock include Gary J Wojtaszek, Kevin L Timmons, Robert M Jackson and Venkatesh S Durvasula. View Institutional Ownership Trends for CyrusOne.

Which major investors are selling CyrusOne stock?

CONE stock was sold by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC, Tealwood Asset Management Inc., Oakbrook Investments LLC, Fox Run Management L.L.C., Louisiana State Employees Retirement System and Grassi Investment Management. Company insiders that have sold CyrusOne company stock in the last year include Gary J Wojtaszek, Kevin L Timmons, Robert M Jackson and Venkatesh S Durvasula. View Insider Buying and Selling for CyrusOne.

Which major investors are buying CyrusOne stock?

CONE stock was bought by a variety of institutional investors in the last quarter, including Nippon Life Global Investors Americas Inc., Pensionfund DSM Netherlands, Retirement Systems of Alabama, Pensionfund Sabic, First Hawaiian Bank, Hotaling Investment Management LLC, State of Alaska Department of Revenue and Spirit of America Management Corp NY. View Insider Buying and Selling for CyrusOne.

How do I buy shares of CyrusOne?

Shares of CONE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CyrusOne's stock price today?

One share of CONE stock can currently be purchased for approximately $51.85.

How big of a company is CyrusOne?

CyrusOne has a market capitalization of $5.50 billion and generates $672 million in revenue each year. The real estate investment trust earns $-83,500,000.00 in net income (profit) each year or $3.12 on an earnings per share basis. CyrusOne employs 416 workers across the globe.

What is CyrusOne's official website?

The official website for CyrusOne is http://www.cyrusone.com.

How can I contact CyrusOne?

CyrusOne's mailing address is 2101 CEDAR SPRINGS ROAD SUITE 900, DALLAS TX, 75201. The real estate investment trust can be reached via phone at 972-350-0060.


MarketBeat Community Rating for CyrusOne (NASDAQ CONE)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  465 (Vote Outperform)
Underperform Votes:  277 (Vote Underperform)
Total Votes:  742
MarketBeat's community ratings are surveys of what our community members think about CyrusOne and other stocks. Vote "Outperform" if you believe CONE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CONE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/18/2019 by MarketBeat.com Staff

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