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: REIT - Diversified
  • Sub-Industry: Office REITs
  • Symbol: NASDAQ:CONE
  • CUSIP: 23283R10
  • Web:
  • Market Cap: $4.76 billion
  • Outstanding Shares: 84,000,000
Average Prices:
  • 50 Day Moving Avg: $54.29
  • 200 Day Moving Avg: $48.85
  • 52 Week Range: $38.80 - $57.90
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 120.49
  • P/E Growth: -107.80
Sales & Book Value:
  • Annual Revenue: $560.6 million
  • Price / Sales: 8.49
  • Book Value: $15.52 per share
  • Price / Book: 3.65
  • Annual Dividend: $1.52
  • Dividend Yield: 3.0%
  • EBIDTA: $277.1 million
  • Net Margins: 3.58%
  • Return on Equity: 1.78%
  • Return on Assets: 0.73%
  • Debt-to-Equity Ratio: 1.02%
  • Current Ratio: 0.39%
  • Quick Ratio: 0.39%
  • Average Volume: 1.32 million shs.
  • Beta: 0.82
  • Short Ratio: 2.94

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 declared a quarterly dividend on Thursday, May 4th. Investors of record on Friday, June 30th will be given a dividend of $0.42 per share on Friday, July 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, June 28th. View CyrusOne's Dividend History.

How were CyrusOne's earnings last quarter?

CyrusOne Inc (NASDAQ:CONE) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The firm earned $149.30 million during the quarter, compared to analysts' expectations of $150.63 million. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. 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, July, 31st 2017. View Earnings Estimates for CyrusOne.

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

CyrusOne updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $2.95-3.05 for the period, compared to the Thomson Reuters consensus estimate of $2.92. The company issued revenue guidance of $666-681 million, compared to the consensus revenue estimate of $673.80 million.

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

13 brokerages have issued 1-year target prices for CyrusOne's stock. Their predictions range from $43.00 to $63.00. On average, they expect CyrusOne's share price to reach $56.50 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. 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)
  • 2. 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)
  • 3. 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. " (1/6/2017)

Are investors shorting CyrusOne?

CyrusOne saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 7,744,588 shares, an increase of 15.4% from the March 31st total of 6,710,938 shares. Based on an average trading volume of 1,227,606 shares, the days-to-cover ratio is currently 6.3 days.

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 shareholders include Vanguard Group Inc. (14.05%), BlackRock Inc. (8.21%), Bank of New York Mellon Corp (5.52%), NORGES BANK (5.16%), NORGES BANK (4.94%) and Jennison Associates LLC (3.01%). Company insiders that own CyrusOne stock include Cincinnati Bell Inc, Kevin L Timmons 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 Jennison Associates LLC, Bank of New York Mellon Corp, Bank of Nova Scotia, Westwood Holdings Group Inc., Credit Suisse AG, Nationwide Fund Advisors, Neuberger Berman Group LLC and Henderson Group PLC. View Insider Buying and Selling for CyrusOne.

Who bought CyrusOne stock? Who is buying CyrusOne stock?

CyrusOne's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., State Street Corp, Capital Growth Management LP, Westfield Capital Management Co. LP, JPMorgan Chase & Co., Mesirow Financial Investment Management Equity Management and Bank of America Corp DE. 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 $56.63.

MarketBeat Community Rating for CyrusOne (NASDAQ CONE)
Community Ranking:  3.4 out of 5 (  )
Outperform Votes:  264 (Vote Outperform)
Underperform Votes:  120 (Vote Underperform)
Total Votes:  384
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) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 11 Buy Ratings
Consensus Rating:Buy (Score: 2.77)
Consensus Price Target: $56.50 (0.23% downside)

Analysts' Ratings History for CyrusOne (NASDAQ:CONE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/17/2017Morgan StanleyReiterated RatingOverweight$56.00 -> $58.00LowView Rating Details
5/15/2017Stifel NicolausBoost Price TargetBuy$56.00 -> $60.00N/AView Rating Details
5/15/2017Royal Bank of CanadaBoost Price TargetOutperform$59.00 -> $63.00N/AView 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
4/6/2017MacquarieReiterated RatingOutperform$58.00LowView Rating Details
2/27/2017Jefferies Group LLCReiterated RatingBuy$55.00N/AView Rating Details
1/25/2017Citigroup IncDowngradeNeutral -> Sell$43.00N/AView Rating Details
12/1/2016GuggenheimInitiated CoverageBuy$50.00N/AView Rating Details
11/1/2016Deutsche Bank AGReiterated RatingBuy$57.00 -> $59.00N/AView Rating Details
8/10/2016Bank of America CorpSet Price TargetBuy$58.00N/AView Rating Details
7/21/2016SunTrust Banks, Inc.Initiated CoverageBuy$63.00N/AView Rating Details
5/31/2016Wells Fargo & CoInitiated CoverageOutperformN/AView Rating Details
3/24/2016JPMorgan Chase & Co.Reiterated 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
11/6/2015Cowen and CompanyBoost Price Target$38.00 -> $46.00N/AView Rating Details
8/20/2015GabelliDowngradeBuy -> HoldN/AView Rating Details
(Data available from 5/29/2015 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
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: $2.99
2018 EPS Consensus Estimate: $3.39
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.70$0.71$0.71
Q2 20172$0.74$0.74$0.74
Q3 20172$0.75$0.76$0.76
Q4 20172$0.77$0.81$0.79
Q1 20181$0.81$0.81$0.81
Q2 20181$0.82$0.82$0.82
Q3 20181$0.87$0.87$0.87
Q4 20181$0.89$0.89$0.89
(Data provided by Zacks Investment Research)


Current Dividend Information for CyrusOne (NASDAQ:CONE)
Next Dividend:7/14/2017
Annual Dividend:$1.52
Dividend Yield:2.68%
Payout Ratio:723.84% (Trailing 12 Months of Earnings)
-7,600.00% (Based on This Year's Estimates)
323.40% (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: 2.20%
Institutional Ownership Percentage: 96.42%
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
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 logoCyrusOne Inc. to Present at Cowen and Company 45th Annual Technology, Media & Telecom Conference - May 25 at 6:00 PM logoCyrusOne's CEO tells Cramer about what's driving the comp... - May 23 at 12:42 PM logo$165.04 Million in Sales Expected for CyrusOne Inc (CONE) This Quarter - May 21 at 7:14 AM logo Brokerages Expect CyrusOne Inc (CONE) Will Post Earnings of $0.74 Per Share - May 19 at 10:28 AM logoCyrusOne Inc (CONE) Receives Overweight Rating from Morgan Stanley - May 17 at 4:02 PM logoJefferies Group Comments on CyrusOne Inc's FY2017 Earnings (CONE) - May 11 at 11:26 AM logoCyrusOne CEO banks company's growth on new $600M data center campus in Allen - May 10 at 4:37 PM logoJefferies Group Comments on CyrusOne Inc's Q2 2017 Earnings (CONE) - May 10 at 8:32 AM logoQ1 2018 EPS Estimates for CyrusOne Inc (CONE) Increased by Analyst - May 8 at 11:18 AM logoRoyal Bank of Canada Increases CyrusOne Inc (CONE) Price Target to $63.00 - May 8 at 10:44 AM logoCyrusOne Inc (CONE) Downgraded by TheStreet - May 6 at 11:52 PM logoCyrusOne Inc (CONE) Receives Average Recommendation of "Buy" from Brokerages - May 5 at 10:43 PM logoEdited Transcript of CONE earnings conference call or presentation 4-May-17 3:00pm GMT - May 5 at 2:34 AM logoCyrusOne Inc (CONE) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS - May 4 at 11:10 PM logoCyrusOne Inc Plans Quarterly Dividend of $0.42 (CONE) - May 4 at 7:48 PM logoInvestor Network: CyrusOne, Inc. to Host Earnings Call - May 4 at 4:33 PM logoCyrusOne Inc (CONE) Updates FY17 Earnings Guidance - May 4 at 1:13 AM logoCyrusOne Reports First Quarter 2017 Earnings - May 3 at 4:24 PM logoCyrusOne reports 1Q results - May 3 at 4:24 PM logoCyrusOne, Texas’s Largest Data Center Provider, Continues Expansion in San Antonio - May 2 at 7:31 PM logoCyrusOne plans to develop massive data center campus in Allen - May 1 at 4:24 PM logoCyrusOne Inc (CONE) Expected to Post Quarterly Sales of $150.63 Million - April 30 at 8:31 AM logoCyrusOne Inc (CONE) Sees Significant Increase in Short Interest - April 30 at 12:24 AM logoCyrusOne (CONE) Earns Coverage Optimism Rating of 0.09 - April 29 at 6:57 PM logo Analysts Expect CyrusOne Inc (CONE) Will Announce Earnings of $0.68 Per Share - April 28 at 10:24 PM logoCyrusOne (CONE) Given Daily News Sentiment Score of 0.34 - April 27 at 12:46 AM logoCyrusOne Inc (CONE) Receives Overweight Rating from Barclays PLC - April 25 at 10:04 PM logoAnalysts' Actions -- Amazon, C.R. Bard, CyrusOne, Dow and More - April 25 at 12:05 PM logoSomewhat Positive Media Coverage Likely to Affect CyrusOne (CONE) Share Price - April 23 at 5:05 PM logoCyrusOne (CONE) Getting Somewhat Favorable Press Coverage, Report Finds - April 20 at 6:37 PM logoCyrusOne Announces Jonathan Schildkraut Joining Company as Chief Strategy Officer - April 19 at 12:46 PM logoCyrusOne Inc to Post Q1 2017 Earnings of $0.70 Per Share, Jefferies Group Forecasts (CONE) - April 18 at 12:08 PM logoFavorable Media Coverage Very Likely to Impact CyrusOne (CONE) Share Price - April 16 at 12:17 PM logoCyrusOne (CONE) Getting Somewhat Positive News Coverage, AlphaOne Reports - April 13 at 4:02 PM logoCyrusOne Inc (CONE) Receives Consensus Recommendation of "Buy" from Brokerages - April 13 at 3:10 PM logoCyrusOne Inc (CONE) Expected to Announce Quarterly Sales of $150.63 Million - April 9 at 8:59 AM logoZacks: Analysts Expect CyrusOne Inc (CONE) Will Post Earnings of $0.68 Per Share - April 7 at 8:17 PM logoCyrusOne Inc (CONE) Now Covered by Analysts at Macquarie - April 6 at 5:18 PM logoCyrusOne Inc (CONE) Insider Venkatesh S. Durvasula Sells 11,779 Shares - April 5 at 8:01 PM logoCyrusOne Inc. Announces First Quarter 2017 Earnings Release and Conference Call Dates - April 3 at 4:52 PM logoCyrusOne Inc (CONE) Ex-Dividend Date Scheduled for March 29, 2017 - Nasdaq - March 28 at 4:11 PM logoCyrusOne goes ex-dividend tomorrow - March 28 at 9:00 AM logoShort Interest in CyrusOne Inc (CONE) Increases By 57.0% - March 26 at 7:17 AM logoCyrusOne and 451 Research to Host Free Webinar Entitled “Beyond the WAN: Networking the Enterprise Data Center to the Cloud” - March 23 at 4:55 PM logoFirst Week of CONE May 19th Options Trading - March 22 at 4:30 PM logoDuPont Fabros: A Blooming Flower In A Winter Garden - March 21 at 12:07 PM logoInsider Selling: CyrusOne Inc (CONE) Insider Sells 10,000 Shares of Stock - March 20 at 7:52 PM logoCyrusOne Inc. Announces Early Settlement of Tender Offer and Consent Solicitation for Outstanding 6.375% Senior Notes due 2022 - March 17 at 8:53 PM logoDigital Realty Expands Presence in Atlanta with New Facility - March 16 at 5:47 PM logoCyrusOne, Inc. breached its 50 day moving average in a Bullish Manner : CONE-US : March 13, 2017 - March 13 at 12:30 PM



CyrusOne (CONE) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by Staff