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NASDAQ:CONE

CyrusOne Stock Forecast, Price & News

$72.59
-2.41 (-3.21 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$72.00
Now: $72.59
$74.74
50-Day Range
$75.00
MA: $80.96
$86.50
52-Week Range
$43.72
Now: $72.59
$86.77
Volume1.79 million shs
Average Volume1.26 million shs
Market Capitalization$8.48 billion
P/E Ratio427.03
Dividend Yield2.67%
Beta0.46
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 212 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 48 data centers worldwide.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.54 out of 5 stars


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$981.30 million
Cash Flow$3.54 per share
Book Value$21.51 per share

Profitability

Net Income$41.40 million

Miscellaneous

Employees448
Market Cap$8.48 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$72.59
-2.41 (-3.21 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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CyrusOne (NASDAQ:CONE) Frequently Asked Questions

How has CyrusOne's stock price been impacted by Coronavirus?

CyrusOne's stock was trading at $55.86 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CONE stock has increased by 29.9% and is now trading at $72.59.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of CyrusOne?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CyrusOne in the last year. There are currently 7 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for CyrusOne
.

When is CyrusOne's next earnings date?

CyrusOne is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for CyrusOne
.

How were CyrusOne's earnings last quarter?

CyrusOne Inc (NASDAQ:CONE) announced its earnings results on Wednesday, July, 29th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.93 by $0.54. The real estate investment trust earned $256.40 million during the quarter, compared to analyst estimates of $251.59 million. CyrusOne had a net margin of 2.01% and a return on equity of 3.32%. CyrusOne's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share.
View CyrusOne's earnings history
.

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

CyrusOne declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, September 25th will be given a dividend of $0.51 per share on Friday, October 9th. This represents a $2.04 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 24th. This is a boost from CyrusOne's previous quarterly dividend of $0.50.
View CyrusOne's dividend history
.

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

CyrusOne issued an update on its FY20 earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of $3.75-3.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.84. The company issued revenue guidance of $1.01-1.045 billion, compared to the consensus revenue estimate of $1.03 billion.

What price target have analysts set for CONE?

19 brokers have issued 12-month price objectives for CyrusOne's stock. Their forecasts range from $70.00 to $95.00. On average, they expect CyrusOne's stock price to reach $82.56 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
View analysts' price targets for CyrusOne
.

Are investors shorting CyrusOne?

CyrusOne saw a drop in short interest in August. As of August 14th, there was short interest totaling 4,450,000 shares, a drop of 28.2% from the July 30th total of 6,200,000 shares. Based on an average daily trading volume, of 997,700 shares, the days-to-cover ratio is presently 4.5 days.
View CyrusOne's Short Interest
.

Who are some of CyrusOne's key competitors?

What other stocks do shareholders of CyrusOne own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CyrusOne investors own include NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Micron Technology (MU), salesforce.com (CRM), Enterprise Products Partners (EPD), Alibaba Group (BABA), Prologis (PLD), QUALCOMM (QCOM) and Marvell Technology Group (MRVL).

Who are CyrusOne's key executives?

CyrusOne's management team includes the following people:
  • Mr. Gary J. Wojtaszek, Pres, CEO & Director (Age 53)
  • Ms. Diane M. Morefield CPA, 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, Exec. VP & Pres of Europe (Age 52)

What is CyrusOne's stock symbol?

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

Who are CyrusOne's major shareholders?

CyrusOne's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.56%), Principal Financial Group Inc. (4.35%), Nuveen Asset Management LLC (2.24%), Goldman Sachs Group Inc. (2.14%), Bank of America Corp DE (1.83%) and PGGM Investments (1.64%). Company insiders that own CyrusOne stock include Diane M Morefield, Gary J Wojtaszek, Kevin L Timmons, Mark Skomal, Michael Klayko and Robert M Jackson.
View institutional ownership trends for CyrusOne
.

Which institutional investors are selling CyrusOne stock?

CONE stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Nuveen Asset Management LLC, FMR LLC, Bank of America Corp DE, Balyasny Asset Management LLC, Goldman Sachs Group Inc., Prudential Financial Inc., and Bank of New York Mellon Corp. Company insiders that have sold CyrusOne company stock in the last year include Diane M Morefield, Gary J Wojtaszek, Kevin L Timmons, Mark Skomal, Michael Klayko, and Robert M Jackson.
View insider buying and selling activity for CyrusOne
.

Which institutional investors are buying CyrusOne stock?

CONE stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., PGGM Investments, Brookfield Asset Management Inc., Resolution Capital Ltd, Charles Schwab Investment Management Inc., Russell Investments Group Ltd., Kornitzer Capital Management Inc. KS, and Hancock Whitney Corp. Company insiders that have bought CyrusOne stock in the last two years include Gary J Wojtaszek, and Michael Klayko.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is CyrusOne's stock price today?

One share of CONE stock can currently be purchased for approximately $72.59.

How big of a company is CyrusOne?

CyrusOne has a market capitalization of $8.48 billion and generates $981.30 million in revenue each year. The real estate investment trust earns $41.40 million in net income (profit) each year or $3.63 on an earnings per share basis. CyrusOne employs 448 workers across the globe.

What is CyrusOne's official website?

The official website for CyrusOne is www.cyrusone.com.

How can I contact CyrusOne?

CyrusOne's mailing address is 2850 N. Harwood Street Suite 2200, DALLAS TX, 75201. The real estate investment trust can be reached via phone at 972-350-0060.

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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