CyrusOne Company Profile (NASDAQ:CONE)

About CyrusOne (NASDAQ:CONE)

CyrusOne logoCyrusOne 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. The Company has data centers in the United States, London and Singapore. As of December 31, 2016, the Company provided mission-critical data center facilities for 932 customers in 35 data centers and two recovery centers in 11 distinct markets (nine cities in the United States, London and Singapore) with approximately 3,904,000 net rentable square feet (NRSF). The Company provides round the clock security guard monitoring with customizable security features. As of December 31, 2016, the Company had approximately 1,657,000 NRSF under development.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Specialized REITs
  • Sub-Industry: Office REITs
  • Symbol: NASDAQ:CONE
  • CUSIP: 23283R10
  • Web:
  • Market Cap: $5.67474 billion
  • Outstanding Shares: 88,099,000
Average Prices:
  • 50 Day Moving Avg: $61.12
  • 200 Day Moving Avg: $56.31
  • 52 Week Range: $38.80 - $65.73
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 18.04
  • P/E Growth: -10.74
Sales & Book Value:
  • Annual Revenue: $597.4 million
  • Price / Sales: 9.23
  • Book Value: $16.64 per share
  • Price / Book: 3.76
  • Annual Dividend: $1.68
  • Dividend Yield: 2.7%
  • EBIDTA: $296.6 million
  • Net Margins: -4.35%
  • Return on Equity: 1.30%
  • Return on Assets: 0.52%
  • Debt-to-Equity Ratio: 1.34%
  • Current Ratio: 0.49%
  • Quick Ratio: 0.49%
  • Average Volume: 795,011 shs.
  • Beta: 0.83
  • Short Ratio: 10.06

Frequently Asked Questions for CyrusOne (NASDAQ:CONE)

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, August 3rd. Shareholders of record on Friday, September 29th will be paid a dividend of $0.42 per share on Friday, October 13th. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 28th. View CyrusOne's Dividend History.

How were CyrusOne's earnings last quarter?

CyrusOne Inc (NASDAQ:CONE) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.77 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.03. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. CyrusOne's revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. View CyrusOne's Earnings History.

When will CyrusOne make its next earnings announcement?

CyrusOne is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for CyrusOne.

Where is CyrusOne's stock going? Where will CyrusOne's stock price be in 2017?

13 brokerages have issued 12-month price targets for CyrusOne's stock. Their forecasts range from $43.00 to $73.00. On average, they expect CyrusOne's stock price to reach $61.00 in the next twelve months. View Analyst Ratings for CyrusOne.

What are 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. " (8/8/2017)
  • 2. Jefferies Group LLC analysts commented, "We are updating our estimates following 4Q16 earnings. CONE continues to be our top pick among the Data Center REITs given the robust leasing prospects, driven by one of the best sales forces in the industry, and the company's ability to maintain development costs and deliver facilities quickly... CONE leased 74k sf (9 MW) of colocation space in 4Q16 for $19M of annualized revenue, which is down from $27M last quarter, and the prior four-quarter average of $43M per quarter. However, this level remains above the paradigm shift in leasing volumes that started in 4Q15 (volumes averaged $14M in 4Q14-3Q15). Rental churn was 2.2% in 4Q16 vs. 2.4% in 3Q16 (adj for CONE-initiated churn), and above the prior fourquarter average of 1.7%. For the full year, churn was 8.6%, which was above the 8.0% guidance that management provided on the 3Q16 earnings call." (2/27/2017)
  • 3. Stifel Nicolaus analysts commented, "CyrusOne posted solid 4Q financial results that exceeded consensus on the top and bottom lines; and issued above consensus guidance for 2017 organic growth. Although 4Q leasing velocity slowed from record-setting levels earlier this year, CONE continues to increase market share penetration with over one-third of industry bookings during the quarter and FY16 (in terms of public DC REITs). Despite near-term headwinds from upcoming financings we expect balance sheet volatility to subside following an anticipated 2Q fixed rate debt issuance; and we believe management has set achievable bookings / growth expectations for 2017. After building in the Sentinel acquisition to our model we are increasing 2017/2018 AFFO estimates, driving a TP increase to $56 while holding our target multiple constant at 17.5x 2018E AFFO." (2/24/2017)

Who are some of CyrusOne's key competitors?

Who are CyrusOne's key executives?

CyrusOne's management team includes the folowing people:

  • Gary J. Wojtaszek, President, Chief Executive Officer, Director
  • Diane M. Morefield CPA, Chief Financial Officer, Executive Vice President
  • Robert M. Jackson, Executive Vice President, General Counsel, Secretary
  • Amitabh Rai CPA, Senior Vice President, Chief Accounting Officer
  • Kevin L. Timmons, Chief Technology Officer
  • Venkatesh S. Durvasula, Chief Commercial Officer
  • Alex Shumate, Non-Executive Chairman of the Board, Lead Independent Director
  • David H. Ferdman, Independent Director
  • John W. Gamble Jr., Independent Director
  • Michael A. Klayko, Independent Director

Who owns CyrusOne stock?

CyrusOne's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (15.58%), BlackRock Inc. (9.20%), NORGES BANK (4.86%), Goldman Sachs Group Inc. (0.00%), Bank of New York Mellon Corp (0.00%) and State Street Corp (0.00%). Company insiders that own CyrusOne stock include Cincinnati Bell Inc, Gary J Wojtaszek, Kevin L Timmons, Robert M Jackson and Venkatesh S Durvasula. View Institutional Ownership Trends for CyrusOne.

Who sold CyrusOne stock? Who is selling CyrusOne stock?

CyrusOne's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of New York Mellon Corp, Jennison Associates LLC, Denver Investment Advisors LLC, Capital Growth Management LP, BNP Paribas Arbitrage SA, Ameriprise Financial Inc. and American Century Companies Inc.. Company insiders that have sold CyrusOne 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.

Who bought CyrusOne stock? Who is buying CyrusOne stock?

CyrusOne's stock was purchased by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Janus Henderson Group PLC, Vanguard Group Inc., BlackRock Inc., Great West Life Assurance Co. Can, Citigroup Inc., Chevy Chase Trust Holdings Inc. and Dana Investment Advisors Inc.. View Insider Buying and Selling for CyrusOne.

How do I buy CyrusOne stock?

Shares of CyrusOne can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CyrusOne's stock price today?

One share of CyrusOne stock can currently be purchased for approximately $62.60.

MarketBeat Community Rating for CyrusOne (NASDAQ CONE)
Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  315 (Vote Outperform)
Underperform Votes:  157 (Vote Underperform)
Total Votes:  472
MarketBeat's community ratings are surveys of what our community members think about CyrusOne and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for CyrusOne (NASDAQ:CONE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 10 Buy Ratings
Consensus Rating:Buy (Score: 2.69)
Consensus Price Target: $61.00 (2.56% downside)

Analysts' Ratings History for CyrusOne (NASDAQ:CONE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/14/2017Stifel NicolausReiterated RatingBuy$66.00LowView Rating Details
9/12/2017KeyCorpReiterated RatingHoldHighView Rating Details
8/25/2017Morgan StanleyReiterated RatingOverweight$58.00 -> $63.00LowView Rating Details
8/14/2017Jefferies Group LLCReiterated RatingBuy$69.00HighView Rating Details
8/11/2017Deutsche Bank AGReiterated RatingBuy$62.00 -> $64.00LowView Rating Details
7/28/2017Royal Bank Of CanadaReiterated RatingBuyLowView Rating Details
7/28/2017Cowen and CompanyReiterated RatingBuy$72.00LowView Rating Details
7/4/2017MacquarieReiterated RatingOutperform$58.00MediumView Rating Details
6/30/2017Credit Suisse GroupInitiated CoverageOutperform$73.00MediumView Rating Details
4/25/2017Barclays PLCBoost Price TargetOverweight$53.00 -> $57.00LowView Rating Details
4/25/2017Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$54.00LowView Rating Details
1/25/2017Citigroup Inc.DowngradeNeutral -> Sell$43.00N/AView Rating Details
12/1/2016GuggenheimInitiated CoverageBuy$50.00N/AView Rating Details
8/10/2016Bank of America CorporationSet Price TargetBuy$58.00N/AView Rating Details
7/21/2016SunTrust Banks, Inc.Initiated CoverageBuy$63.00N/AView Rating Details
5/31/2016Wells Fargo & CompanyInitiated CoverageOutperformN/AView Rating Details
3/24/2016J P Morgan Chase & CoReiterated RatingOverweight$45.00 -> $49.00N/AView Rating Details
3/23/2016Raymond James Financial, Inc.Boost Price TargetStrong-Buy$44.00 -> $51.00N/AView Rating Details
(Data available from 9/20/2015 forward)


Earnings History for CyrusOne (NASDAQ:CONE)
Earnings by Quarter for CyrusOne (NASDAQ:CONE)
Earnings History by Quarter for CyrusOne (NASDAQ CONE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.07N/AView Earnings Details
8/2/2017Q2 2017$0.74$0.77$165.71 million$166.90 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.68$0.72$150.63 million$149.30 millionViewListenView Earnings Details
2/22/2017Q416$0.63$0.68$136.28 million$137.40 millionViewN/AView Earnings Details
10/31/2016Q316$0.63$0.67$136.21 million$143.80 millionViewListenView Earnings Details
8/1/2016Q216$0.59$0.67$125.94 million$130.10 millionViewN/AView Earnings Details
5/4/2016Q116$0.59$0.63$116.19 million$117.80 millionViewN/AView Earnings Details
2/23/2016Q415$0.57($0.02)$115.36 million$113.30 millionViewListenView Earnings Details
11/5/2015Q315$0.55$0.57$108.58 million$111.20 millionViewN/AView Earnings Details
8/5/2015Q215$0.47$0.50$91.37 million$89.10 millionViewN/AView Earnings Details
5/7/2015Q115$0.47$0.49$88.54 million$85.70 millionViewN/AView Earnings Details
2/18/2015Q414$0.42($0.19)$85.78 million$86.90 millionViewN/AView Earnings Details
11/4/2014Q314$0.41$0.44$82.95 million$84.80 millionViewN/AView Earnings Details
8/6/2014Q214$0.42$0.39$79.42 million$81.70 millionViewN/AView Earnings Details
5/7/2014Q1$0.38$0.42$74.29 million$77.50 millionViewN/AView Earnings Details
2/20/2014($0.06)ViewN/AView Earnings Details
11/6/2013Q313($0.03)($0.05)$66.42 million$67.50 millionViewN/AView Earnings Details
5/8/2013Q1 2013($0.05)$52.10 million$60.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for CyrusOne (NASDAQ:CONE)
2017 EPS Consensus Estimate: $3.04
2018 EPS Consensus Estimate: $3.48
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.70$0.71$0.71
Q2 20172$0.74$0.75$0.75
Q3 20172$0.77$0.77$0.77
Q4 20172$0.82$0.82$0.82
Q1 20181$0.81$0.81$0.81
Q2 20181$0.83$0.83$0.83
Q3 20181$0.91$0.91$0.91
Q4 20181$0.93$0.93$0.93
(Data provided by Zacks Investment Research)


Current Dividend Information for CyrusOne (NASDAQ:CONE)
Next Dividend:10/13/2017
Annual Dividend:$1.68
Dividend Yield:2.68%
Payout Ratio:-541.92% (Trailing 12 Months of Earnings)
54.90% (Based on This Year's Estimates)
48.41% (Based on Next Year's Estimates)
Dividend Payments by Quarter for CyrusOne (NASDAQ:CONE)

Dividend History by Quarter for CyrusOne (NASDAQ CONE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CyrusOne (NASDAQ:CONE)
Insider Ownership Percentage: 1.64%
Institutional Ownership Percentage: 96.48%
Insider Trades by Quarter for CyrusOne (NASDAQ:CONE)
Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)
Insider Trades by Quarter for CyrusOne (NASDAQ:CONE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/14/2017Robert M JacksonEVPSell1,890$59.00$111,510.00View SEC Filing  
6/6/2017Gary J WojtaszekInsiderSell80,000$57.79$4,623,200.00View SEC Filing  
6/5/2017Gary J WojtaszekCEOSell38,294$58.01$2,221,434.94View SEC Filing  
6/5/2017Kevin L TimmonsInsiderSell8,600$57.89$497,854.00View SEC Filing  
4/3/2017Venkatesh S DurvasulaInsiderSell11,779$50.90$599,551.10View SEC Filing  
3/16/2017Venkatesh S DurvasulaInsiderSell10,000$50.69$506,900.00View SEC Filing  
12/15/2016Venkatesh S DurvasulaInsiderSell6,737$44.51$299,863.87View SEC Filing  
2/29/2016Kevin L TimmonsCTOSell14,086$40.10$564,848.60View SEC Filing  
12/14/2015Cincinnati Bell IncMajor ShareholderSell1,350,000$35.30$47,655,000.00View SEC Filing  
4/13/2015Thomas Wesley BosseVPSell12,045$31.52$379,658.40View SEC Filing  
4/10/2015Gary J WojtaszekCEOSell60,000$31.66$1,899,600.00View SEC Filing  
6/13/2014Gary J WojtaszekCEOBuy10,000$22.69$226,900.00View SEC Filing  
6/9/2014Gary J WojtaszekCEOBuy10,000$22.81$228,100.00View SEC Filing  
5/23/2014Gary J WojtaszekCEOBuy5,971$21.83$130,346.93View SEC Filing  
8/19/2013Gary WojtaszekCEOBuy6,000$18.42$110,520.00View SEC Filing  
8/14/2013Gary WojtaszekCEOBuy5,750$19.44$111,780.00View SEC Filing  
6/26/2013Marcato Capital Management LlcMajor ShareholderSell383,000$18.97$7,265,510.00View SEC Filing  
5/14/2013Gary J WojtaszekCEOBuy5,000$22.22$111,100.00View SEC Filing  
5/13/2013Gary J WojtaszekCEOBuy10,000$22.93$229,300.00View SEC Filing  
3/12/2013Marcato Capital Management LlcMajor ShareholderBuy257,168$21.45$5,516,253.60View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for CyrusOne (NASDAQ:CONE)
Latest Headlines for CyrusOne (NASDAQ:CONE)
DateHeadline logoReviewing Communications Sales & Leasing,Inc. (UNIT) & CyrusOne (CONE) - September 20 at 12:30 PM logoCyrusOne (CONE) & Its Rivals Financial Analysis - September 16 at 10:18 PM logoCyrusOne's (CONE) "Buy" Rating Reaffirmed at Stifel Nicolaus - September 14 at 9:50 PM logoCyrusOne Inc (CONE) Rating Reiterated by KeyCorp - September 12 at 10:38 PM logoCyrusOne Inc (CONE) Given Average Rating of "Buy" by Analysts - September 12 at 9:02 AM logoQTS Realty Trust (QTS) & CyrusOne (CONE) Critical Comparison - September 11 at 6:24 PM logoTechnical Insights on REIT Stocks -- CyrusOne, Arbor Realty Trust, Armada Hoffler Properties, and American Tower - September 11 at 6:03 PM logoCritical Analysis: CyrusOne (CONE) & Communications Sales & Leasing,Inc. (UNIT) - September 11 at 6:34 AM logoCyrusOne Inc (CONE) Expected to Post Quarterly Sales of $176.87 Million - September 11 at 2:48 AM logoCyrusOne (CONE) versus The Competition Head to Head Contrast - September 9 at 10:30 PM logoContrasting CyrusOne (CONE) & its Competitors - September 9 at 8:12 PM logoHead to Head Comparison: Corrections Corp. of America (CXW) versus CyrusOne (CONE) - September 9 at 12:22 AM logoCONE Crosses Above Average Analyst Target - September 6 at 5:23 PM logoHead to Head Comparison: QTS Realty Trust (QTS) versus CyrusOne (CONE) - September 6 at 6:20 AM logoCyrusOne Inc (CONE) Price Target Raised to $63.00 at Morgan Stanley - August 25 at 12:28 PM logoCyrusOne CEO says his data center REIT is in the 'first o... - August 21 at 10:14 PM logoCramer Remix: You can never look at Foot Locker the same ... - August 21 at 10:14 PM logoCyrusOne Inc (CONE) Given Consensus Recommendation of "Buy" by Brokerages - August 18 at 8:38 AM logoCorEnergy Infrastructure Trust (CORR) & CyrusOne (CONE) Head to Head Analysis - August 17 at 12:14 AM logoBrokers Offer Predictions for CyrusOne Inc's FY2018 Earnings (CONE) - August 16 at 1:32 PM logoCyrusOne Inc (CONE) Upgraded to "Strong-Buy" at BidaskClub - August 16 at 6:10 AM logoContrasting CyrusOne (CONE) and Farmland Partners (FPI) - August 15 at 10:28 PM logoQ3 2017 EPS Estimates for CyrusOne Inc (NASDAQ:CONE) Increased by Jefferies Group - August 15 at 8:28 AM logoRobert M. Jackson Sells 1,890 Shares of CyrusOne Inc (NASDAQ:CONE) Stock - August 14 at 11:30 PM logoJefferies Group LLC Reiterates Buy Rating for CyrusOne Inc (CONE) - August 14 at 6:06 AM logoSee what the IHS Markit Score report has to say about CyrusOne Inc. - August 11 at 5:50 PM logoCyrusOne's (CONE) "Buy" Rating Reiterated at Deutsche Bank AG - August 11 at 5:02 PM logoCyrusOne, Inc. breached its 50 day moving average in a Bearish Manner : CONE-US : August 9, 2017 - August 9 at 5:36 PM logoCyrusOne Inc (NASDAQ:CONE) Rating Lowered to Hold at Zacks Investment Research - August 8 at 9:34 PM logoCyrusOne (NASDAQ:CONE) and Anworth Mortgage Asset Corporation (ANH) Critical Contrast - August 8 at 8:30 AM logoSunTrust Banks Comments on CyrusOne Inc's Q3 2017 Earnings (CONE) - August 7 at 7:08 AM logoZacks: Analysts Expect CyrusOne Inc (NASDAQ:CONE) Will Announce Quarterly Sales of $176.12 Million - August 6 at 7:34 AM logoCyrusOne (NASDAQ:CONE) vs. CorEnergy Infrastructure Trust (CORR) Critical Review - August 5 at 10:24 AM logoCyrusOne Inc. to Present at Cowen and Company 3rd Annual Communications Infrastructure Summit - August 4 at 5:43 PM logoCyrusOne Inc (CONE) Expected to Post Earnings of $0.76 Per Share - August 4 at 7:24 AM logoEdited Transcript of CONE earnings conference call or presentation 3-Aug-17 3:00pm GMT - August 3 at 11:57 PM logoCyrusOne Inc Declares Quarterly Dividend of $0.42 (NASDAQ:CONE) - August 3 at 5:46 PM logoCyrusOne Inc (NASDAQ:CONE) Announces Earnings Results - August 2 at 9:46 PM logoCyrusOne Reports Second Quarter 2017 Earnings - Business Wire (press release) - August 2 at 6:11 PM logoCyrusOne Reports Second Quarter 2017 Earnings - August 2 at 6:11 PM logoCyrusOne reports 2Q results - August 2 at 6:11 PM logoHead to Head Analysis: CyrusOne (NASDAQ:CONE) and American Tower Corporation (REIT) (AMT) - July 29 at 4:25 PM logoCyrusOne Inc (NASDAQ:CONE) Receives Buy Rating from Royal Bank Of Canada - July 29 at 10:37 AM logoCyrusOne Inc (NASDAQ:CONE) Scheduled to Post Earnings on Wednesday - July 27 at 9:56 AM logoHCP to Report Q2 Earnings: What's in Store for the Stock? - July 27 at 3:26 AM logoETFs with exposure to CyrusOne, Inc. : July 24, 2017 - July 24 at 5:05 PM logoVentas (VTR) to Report Q2 Earnings: What's in the Cards? - July 24 at 11:14 AM logoIs a Beat in Store for Public Storage (PSA) in Q2 Earnings? - July 21 at 6:58 PM logoUDR to Report Q2 Earnings: What's in Store for the Stock? - July 21 at 6:58 PM logoHead to Head Analysis: CorEnergy Infrastructure Trust (CORR) vs. CyrusOne (CONE) - July 20 at 12:43 PM



CyrusOne (CONE) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by Staff