CyrusOne Stock Forecast, Price & News

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

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.

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.

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.

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.

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.

Some companies that are related to CyrusOne include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), Kilroy Realty (KRC), CoreSite Realty (COR), Douglas Emmett (DEI), Highwoods Properties (HIW), Equity Commonwealth (EQC), SL Green Realty (SLG), Hudson Pacific Properties (HPP), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP).
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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).

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

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.

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.

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.

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.

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

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.

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

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.