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 200 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
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNASDAQ:CONE
CUSIP23283R10
Phone972-350-0060
Debt
Debt-to-Equity Ratio1.20
Current Ratio1.00
Quick Ratio1.00
Price-To-Earnings
Trailing P/E Ratio20.95
Forward P/E Ratio19.64
P/E Growth1.2
Sales & Book Value
Annual Sales$672 million
Price / Sales9.56
Cash Flow$1.9183 per share
Price / Cash33.78
Book Value$18.77 per share
Price / Book3.45
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$-83,500,000.00
Net Margins12.96%
Return on Equity5.65%
Return on Assets2.24%
Miscellaneous
Employees416
Outstanding Shares99,110,000
Market Cap$6.43 billion
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, August 2nd. Investors of record on Friday, September 28th will be given a dividend of $0.46 per share on Friday, October 12th. This represents a $1.84 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 27th. View CyrusOne's Dividend History.
How were CyrusOne's earnings last quarter?
CyrusOne Inc (NASDAQ:CONE) issued its earnings results on Wednesday, August, 1st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.78. The real estate investment trust had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.33 million. CyrusOne had a return on equity of 5.65% and a net margin of 12.96%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. View CyrusOne's Earnings History.
When is CyrusOne's next earnings date?
What guidance has CyrusOne issued on next quarter's earnings?
CyrusOne issued an update on its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share guidance of $3.25-3.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.26. The company issued revenue guidance of $820-830 million, compared to the consensus revenue estimate of $820.03 million.
What price target have analysts set for CONE?
18 brokerages have issued 12-month target prices for CyrusOne's shares. Their forecasts range from $58.00 to $78.00. On average, they anticipate CyrusOne's stock price to reach $69.4667 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Price Targets for CyrusOne.
What is the consensus analysts' recommendation for CyrusOne?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CyrusOne in the last year. There are currently 3 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 AG 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 DIGITAL RLTY TR/SH (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Realty Income (O), Essex Property Trust (ESS), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE) and Gecina (GECFF).
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 trended positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CyrusOne earned a news impact score of 0.46 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 50.50 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. View Recent Headlines for CyrusOne.
Who are CyrusOne's major shareholders?
CyrusOne's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.37%), Cbre Clarion Securities LLC (3.92%), Bank of America Corp DE (2.91%), Centersquare Investment Management LLC (2.88%), Janus Henderson Group PLC (1.80%) and CIBC Private Wealth Group LLC (1.53%). 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 Jennison Associates LLC, Nomura Asset Management Co. Ltd., BNP PARIBAS ASSET MANAGEMENT Holding S.A., Alpine Woods Capital Investors LLC, American Century Companies Inc., Crosslink Capital Inc., Great West Life Assurance Co. Can and Summit Trail Advisors LLC. Company insiders that have sold CyrusOne company stock in the last year include 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 Cbre Clarion Securities LLC, Janus Henderson Group PLC, Standard Life Aberdeen plc, Bank of Montreal Can, Heitman Real Estate Securities LLC, Pinnacle Associates Ltd., South Texas Money Management Ltd. and Bank of America Corp DE. 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 $64.80.
How big of a company is CyrusOne?
CyrusOne has a market capitalization of $6.43 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 (NASDAQ 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.
