NASDAQ:CONECyrusOne Stock Price, Forecast & News

$74.34

+0.80 (+1.09 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$72.04

Now: $74.34▼

$74.89

50-Day Range

$63.25

MA: $70.32▼

$74.71

52-Week Range

$43.72

Now: $74.34▼

$79.73

Volume1.80 million shs

Average Volume1.48 million shs

Market Capitalization$8.56 billion

P/E RatioN/A

Dividend Yield2.72%

Beta0.43

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
CyrusOne has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 9 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.67, CyrusOne has a potential upside of 3.1% from its current price of $74.34.
Amount of Analyst Coverage
CyrusOne has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
CyrusOne has received 694 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CyrusOne has received 393 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CyrusOne has received 63.85% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
CyrusOne is a leading dividend payer. It pays a dividend yield of 2.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CyrusOne has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of CyrusOne is 55.10 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CyrusOne will have a dividend payout ratio of 48.43 % next year. This indicates that CyrusOne will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CyrusOne insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,195,142.00 in company stock.
Percentage Held by Insiders
Only 0.55% of the stock of CyrusOne is held by insiders.
Percentage Held by Institutions
95.29% of the stock of CyrusOne is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for CyrusOne are expected to grow by 7.83% in the coming year, from $3.83 to $4.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CyrusOne is -247.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CyrusOne is -247.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
CyrusOne has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
CyrusOne has a P/B Ratio of 3.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.51 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Real estate investment trusts

Sub-IndustryOffice REITs

SectorFinance

Current SymbolNASDAQ:CONE

Previous Symbol

CUSIP23283R10

CIK1553023

Webwww.cyrusone.com

Phone972-350-0060

Debt

Debt-to-Equity Ratio1.40

Current Ratio1.20

Quick Ratio1.20

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio19.41

P/E Growth0.85

Sales & Book Value

Annual Sales$981.30 million

Price / Sales8.73

Cash Flow$3.84 per share

Price / Cash Flow19.36

Book Value$20.52 per share

Price / Book3.62

Profitability

EPS (Most Recent Fiscal Year)$3.63

Net Income$41.40 million

Net Margins-3.32%

Return on Equity1.54%

Return on Assets0.62%

Miscellaneous

Employees448

Outstanding Shares115,200,000

Market Cap$8.56 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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CyrusOne (NASDAQ:CONE) Frequently Asked Questions

How has CyrusOne's stock been impacted by COVID-19 (Coronavirus)?

CyrusOne's stock was trading at $55.86 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CONE shares have increased by 33.1% and is now trading at $74.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CyrusOne?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CyrusOne in the last year. There are currently 6 hold ratings and 9 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, July 29th 2020. View our earnings forecast for CyrusOne.

How were CyrusOne's earnings last quarter?

CyrusOne Inc (NASDAQ:CONE) announced its earnings results on Wednesday, April, 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.82. The real estate investment trust earned $245.10 million during the quarter, compared to analysts' expectations of $249.49 million. CyrusOne had a positive return on equity of 1.54% and a negative net margin of 3.32%. The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. View CyrusOne's earnings history.

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

CyrusOne announced a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, June 26th will be given a dividend of $0.50 per share on Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, June 25th. 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, April, 29th. The company provided earnings per share guidance of $3.75-3.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.82. The company issued revenue guidance of $1.01-1.045 billion, compared to the consensus revenue estimate of $1.04 billion.

What price target have analysts set for CONE?

15 equities research analysts have issued 1-year target prices for CyrusOne's shares. Their forecasts range from $70.00 to $82.00. On average, they anticipate CyrusOne's stock price to reach $76.67 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View analysts' price targets for CyrusOne.

Has CyrusOne been receiving favorable news coverage?

Media coverage about CONE stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CyrusOne earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCyrusOne.

Who are some of CyrusOne's key competitors?

Some companies that are related to CyrusOne include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Equity Commonwealth (EQC), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), SL Green Realty (SLG), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP). View all 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), Enterprise Products Partners (EPD), AbbVie (ABBV), Micron Technology (MU), Alibaba Group (BABA), salesforce.com (CRM), Prologis (PLD), Bank of America (BAC) and Paypal (PYPL).

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.95%), Cohen & Steers Inc. (4.13%), State Street Corp (3.67%), Nuveen Asset Management LLC (2.79%), Invesco Ltd. (2.21%) and Principal Financial Group Inc. (2.11%). Company insiders that own CyrusOne stock include Diane M Morefield, Gary J Wojtaszek, Kevin L Timmons, Mark Skomal, Michael Klayko, 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 Cohen & Steers Inc., Deutsche Bank AG, Nuveen Asset Management LLC, Russell Investments Group Ltd., Principal Financial Group Inc., Cbre Clarion Securities LLC, APG Asset Management US Inc., and UBS Group AG. 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 purchased by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Invesco Ltd., Morgan Stanley, Morgan Stanley, Resolution Capital Ltd, PGGM Investments, Balyasny Asset Management LLC, and Securian Asset Management Inc. 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 $74.34.

How big of a company is CyrusOne?

CyrusOne has a market capitalization of $8.56 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 5/30/2020 by MarketBeat.com Staff