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About CyrusOne (NASDAQ:CONE)
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 nearly 1,000 customers, including 197 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 45 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNASDAQ:CONE
CUSIP23283R10
Phone972-350-0060
Debt
Debt-to-Equity Ratio1.17
Current Ratio2.07
Quick Ratio2.07
Price-To-Earnings
Trailing P/E Ratio16.71
Forward P/E Ratio15.94
P/E Growth0.93
Sales & Book Value
Annual Sales$672 million
Price / Sales7.69
Cash Flow$1.9211 per share
Price / Cash27.14
Book Value$18.71 per share
Price / Book2.79
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$-83,500,000.00
Net Margins-1.33%
Return on Equity-0.60%
Return on Assets-0.23%
Miscellaneous
Employees416
Outstanding Shares99,110,000
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 announced a quarterly dividend on Thursday, May 3rd. Investors of record on Friday, June 29th will be given a dividend of $0.46 per share on Friday, July 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, June 28th. View CyrusOne's Dividend History.
How were CyrusOne's earnings last quarter?
CyrusOne (NASDAQ:CONE) announced its earnings results on Wednesday, February, 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.81 by $0.78. The real estate investment trust earned $180.50 million during the quarter, compared to the consensus estimate of $182.48 million. CyrusOne had a negative return on equity of 0.60% and a negative net margin of 1.33%. View CyrusOne's Earnings History.
When is CyrusOne's next earnings date?
What guidance has CyrusOne issued on next quarter's earnings?
CyrusOne updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share guidance of $3.18-3.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.25. The company issued revenue guidance of $810-825 million, compared to the consensus revenue estimate of $816.82 million.
What price target have analysts set for CONE?
15 analysts have issued 12-month price objectives for CyrusOne's stock. Their forecasts range from $58.00 to $78.00. On average, they anticipate CyrusOne's share price to reach $67.7273 in the next year. 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. " (5/7/2018)
- 2. Credit Suisse Group 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)
Who are some of CyrusOne's key competitors?
Some companies that are related to CyrusOne include Welltower (WELL), GGP (GGP), Ventas (VTR), SBA Communications (SBAC), Boston Properties (BXP), Host Hotels & Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Gecina (GECFF), Klépierre (KLPEF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Annaly Capital Management (NLY), Extra Space Storage (EXR) and Sino Land (SNLAY).
Who are CyrusOne's key executives?
CyrusOne's management team includes the folowing people:
- Mr. Gary J. Wojtaszek, Pres , CEO & Director (Age 52)
- Ms. Diane M. Morefield, Exec. VP & CFO (Age 59)
- Mr. Kevin L. Timmons, Exec. VP & Chief Technology Officer (Age 53)
- Mr. Robert M. Jackson, Exec. VP, Gen. Counsel & Sec. (Age 50)
- Mr. Venkatesh S. Durvasula, Exec. VP & Chief Commercial Officer (Age 51)
Has CyrusOne been receiving favorable news coverage?
News articles about CONE stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CyrusOne earned a news sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 50.21 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days.
Who are CyrusOne's major shareholders?
CyrusOne's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.23%), Centersquare Investment Management LLC (2.90%), JPMorgan Chase & Co. (2.52%), Santa Barbara Asset Management LLC (1.83%), Atlantic Trust Group LLC (1.54%) and Great West Life Assurance Co. Can (1.51%). 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 institutional investors are selling CyrusOne stock?
CONE stock was sold by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Nuveen Asset Management LLC, Neuberger Berman Group LLC, OppenheimerFunds Inc., Citigroup Inc., Hodges Capital Management Inc., Russell Investments Group Ltd. and Guggenheim Capital LLC. 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 institutional investors are buying CyrusOne stock?
CONE stock was purchased by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, JPMorgan Chase & Co., Ceredex Value Advisors LLC, BlackRock Inc., Great West Life Assurance Co. Can, American Century Companies Inc., Santa Barbara Asset Management LLC and Alpine Woods Capital Investors LLC. 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 $52.14.
How big of a company is CyrusOne?
CyrusOne has a market capitalization of $5.17 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.
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 (CONE)
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.
CyrusOne (NASDAQ:CONE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for CyrusOne in the last 12 months. Their average twelve-month price target is $67.7273, suggesting that the stock has a possible upside of 29.90%. The high price target for CONE is $78.00 and the low price target for CONE is $58.00. There are currently 2 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.87 | 2.87 | 2.92 | 2.80 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $67.7273 | $66.3077 | $67.3636 | $63.2308 |
| Price Target Upside: | 29.90% upside | 32.72% upside | 22.26% upside | 0.75% upside |
CyrusOne (NASDAQ:CONE) Consensus Price Target History
CyrusOne (NASDAQ:CONE) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
CyrusOne (NASDAQ:CONE) Dividend Information
CyrusOne pays an annual dividend of $1.84 per share, with a dividend yield of 3.53%. CONE's next quarterly dividend payment will be made on Friday, July 13. CyrusOne pays out 58.97% of its earnings out as a dividend.
| Next Dividend: | 7/13/2018 |
| Annual Dividend: | $1.84 |
| Dividend Yield: | 3.53% |
| Payout Ratio(s): | 58.97% (Trailing 12 Months of Earnings)
56.27% (Based on This Year's Estimates)
49.33% (Based on Next Year's Estimates)
95.78% (Based on Cash Flow)
|
CyrusOne (NASDAQ:CONE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/3/2018 | quarterly | $0.46 | 3.36% | 6/28/2018 | 6/29/2018 | 7/13/2018 |
| 2/21/2018 | Quarterly | $0.46 | | 3/28/2018 | 3/29/2018 | 4/13/2018 |
| 10/31/2017 | quarterly | $0.42 | 2.74% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 8/3/2017 | quarterly | $0.42 | 2.89% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/4/2017 | quarterly | $0.42 | 3.09% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 2/23/2017 | quarterly | $0.42 | 3.53% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 10/31/2016 | quarterly | $0.38 | 3.41% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 8/2/2016 | quarterly | $0.38 | 2.83% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/6/2016 | quarterly | $0.38 | 3.1% | 6/22/2016 | 6/24/2016 | 7/15/2016 |
| 2/24/2016 | quarterly | $0.38 | 3.93% | 3/22/2016 | 3/25/2016 | 4/15/2016 |
| 11/6/2015 | quarterly | $0.3150 | 3.63% | 12/22/2015 | 12/24/2015 | 1/8/2016 |
| 8/6/2015 | quarterly | $0.3150 | 4.14% | 9/23/2015 | 9/25/2015 | 10/15/2015 |
| 5/8/2015 | quarterly | $0.3150 | 4.03% | 6/24/2015 | 6/26/2015 | 7/15/2015 |
| 2/19/2015 | quarterly | $0.3150 | 4.24% | 3/25/2015 | 3/27/2015 | 4/15/2015 |
| 11/5/2014 | quarterly | $0.21 | 3.2% | 12/23/2014 | 12/26/2014 | 1/9/2015 |
| 8/8/2014 | quarterly | $0.21 | 3.33% | 9/24/2014 | 9/26/2014 | 10/15/2014 |
| 5/7/2014 | quarterly | $0.21 | 4% | 6/25/2014 | 6/27/2014 | 7/15/2014 |
| 2/19/2014 | quarterly | $0.21 | 3.84% | 3/26/2014 | 3/28/2014 | 4/15/2014 |
| 12/11/2013 | quarterly | $0.16 | 3.1% | 12/24/2013 | 12/27/2013 | 1/10/2014 |
| 9/4/2013 | quarterly | $0.16 | 3.29% | 9/25/2013 | 9/27/2013 | 10/15/2013 |
| 6/4/2013 | quarterly | $0.16 | 3.08% | 6/26/2013 | 6/28/2013 | 7/15/2013 |
| 3/21/2013 | special | $0.16 | | 3/26/2013 | 3/29/2013 | 4/15/2013 |
| 3/20/2013 | quarterly | $0.16 | | | 3/29/2013 | 4/15/2013 |
(Data available from 1/1/2013 forward)
CyrusOne (NASDAQ CONE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.64%
Institutional Ownership Percentage: 99.94%
CyrusOne (NASDAQ CONE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/6/2018 | Kevin L Timmons | Insider | Sell | 11,465 | $49.39 | $566,256.35 | 177,843 |  |
| 11/2/2017 | Venkatesh S Durvasula | Insider | Sell | 13,500 | $60.20 | $812,700.00 | 214,063 | |
| 8/14/2017 | Robert M Jackson | EVP | Sell | 1,890 | $59.00 | $111,510.00 | 24,296 | |
| 6/6/2017 | Gary J Wojtaszek | Insider | Sell | 80,000 | $57.79 | $4,623,200.00 | 511,621 | |
| 6/5/2017 | Gary J Wojtaszek | CEO | Sell | 38,294 | $58.01 | $2,221,434.94 | 511,621 | |
| 6/5/2017 | Kevin L Timmons | Insider | Sell | 8,600 | $57.89 | $497,854.00 | 170,137 | |
| 4/3/2017 | Venkatesh S Durvasula | Insider | Sell | 11,779 | $50.90 | $599,551.10 | 227,563 | |
| 3/16/2017 | Venkatesh S Durvasula | Insider | Sell | 10,000 | $50.69 | $506,900.00 | 239,342 | |
| 12/15/2016 | Venkatesh S Durvasula | Insider | Sell | 6,737 | $44.51 | $299,863.87 | 283,081 | |
| 2/29/2016 | Kevin L Timmons | CTO | Sell | 14,086 | $40.10 | $564,848.60 | 260,853 | |
| 12/14/2015 | Cincinnati Bell Inc | Major Shareholder | Sell | 1,350,000 | $35.30 | $47,655,000.00 | | |
| 4/13/2015 | Thomas Wesley Bosse | VP | Sell | 12,045 | $31.52 | $379,658.40 | | |
| 4/10/2015 | Gary J Wojtaszek | CEO | Sell | 60,000 | $31.66 | $1,899,600.00 | | |
| 6/13/2014 | Gary J Wojtaszek | CEO | Buy | 10,000 | $22.69 | $226,900.00 | | |
| 6/9/2014 | Gary J Wojtaszek | CEO | Buy | 10,000 | $22.81 | $228,100.00 | | |
| 5/23/2014 | Gary J Wojtaszek | CEO | Buy | 5,971 | $21.83 | $130,346.93 | | |
| 8/19/2013 | Gary Wojtaszek | CEO | Buy | 6,000 | $18.42 | $110,520.00 | 319,716 | |
| 8/14/2013 | Gary Wojtaszek | CEO | Buy | 5,750 | $19.44 | $111,780.00 | 313,716 | |
| 6/26/2013 | Marcato Capital Management Llc | Major Shareholder | Sell | 383,000 | $18.97 | $7,265,510.00 | | |
| 5/14/2013 | Gary J Wojtaszek | CEO | Buy | 5,000 | $22.22 | $111,100.00 | | |
| 5/13/2013 | Gary J Wojtaszek | CEO | Buy | 10,000 | $22.93 | $229,300.00 | | |
| 3/12/2013 | Marcato Capital Management Llc | Major Shareholder | Buy | 257,168 | $21.45 | $5,516,253.60 | | |
(Data available from 1/1/2013 forward)
CyrusOne (NASDAQ CONE) News Headlines
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CyrusOne (NASDAQ:CONE) SEC Filings
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CyrusOne (NASDAQ:CONE) Income Statement, Balance Sheet and Cash Flow Statement
CyrusOne (NASDAQ CONE) Stock Chart for Sunday, May, 20, 2018
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