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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNASDAQ:CONE
Previous Symbol
CUSIP23283R10
Phone972-350-0060
Debt
Debt-to-Equity Ratio1.22
Current Ratio0.64
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio18.62
Forward P/E Ratio17.77
P/E Growth1.17
Sales & Book Value
Annual Sales$672 million
Price / Sales9.15
Cash Flow$1.9024 per share
Price / Cash Flow30.54
Book Value$18.77 per share
Price / Book3.10
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$-83,500,000.00
Net Margins14.07%
Return on Equity5.68%
Return on Assets2.32%
Miscellaneous
Employees416
Outstanding Shares105,830,000
Market Cap$6.21 billion
OptionableOptionable
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 Wednesday, October 31st. Investors of record on Wednesday, January 2nd will be given a dividend of $0.46 per share on Friday, January 11th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Monday, December 31st. View CyrusOne's Dividend History.
How were CyrusOne's earnings last quarter?
CyrusOne Inc (NASDAQ:CONE) issued its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.80 by $1.23. The real estate investment trust had revenue of $206.60 million for the quarter, compared to analysts' expectations of $209.33 million. CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $0.79 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 updated its FY18 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of $3.25-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.29. The company issued revenue guidance of $820-830, compared to the consensus revenue estimate of $822.57 million.
What price target have analysts set for CONE?
13 analysts have issued twelve-month target prices for CyrusOne's stock. Their forecasts range from $58.00 to $73.00. On average, they anticipate CyrusOne's share price to reach $67.3846 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price. View Analyst Price Targets for CyrusOne.
What is the consensus analysts' recommendation for CyrusOne?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CyrusOne in the last year. There are currently 3 hold ratings and 10 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. " (11/2/2018)
- 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)
Has CyrusOne been receiving favorable news coverage?
Media stories about CONE stock have trended neutral on Thursday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. 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 news sentiment score of 0.3 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the next several days.
Who are some of CyrusOne's key competitors?
Some companies that are related to CyrusOne include DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Boston Properties (BXP), Realty Income (O), SBA Communications (SBAC), Weyerhaeuser (WY), Essex Property Trust (ESS), HCP (HCP), Alexandria Real Estate Equities (ARE), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), ANNALY CAP MGMT/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA) and UDR (UDR).
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)
Who are CyrusOne's major shareholders?
CyrusOne's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.21%), BlackRock Inc. (11.70%), Cohen & Steers Inc. (10.56%), Daiwa Securities Group Inc. (2.33%), Janus Henderson Group PLC (1.95%) and Nan Shan Life Insurance Co. Ltd. (1.52%). 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 major investors are selling CyrusOne stock?
CONE stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Reaves W H & Co. Inc., Great West Life Assurance Co. Can, Duff & Phelps Investment Management Co., Standard Life Aberdeen plc, TIAA CREF Investment Management LLC, Pinnacle Associates Ltd. and Hodges Capital Management Inc.. Company insiders that have sold CyrusOne company 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.
Which major investors are buying CyrusOne stock?
CONE stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., BlackRock Inc., Daiwa Securities Group Inc., Vanguard Group Inc., Nan Shan Life Insurance Co. Ltd., Aviva PLC, Jennison Associates LLC and Legal & General Group Plc. 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 $58.10.
How big of a company is CyrusOne?
CyrusOne has a market capitalization of $6.21 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.
What is CyrusOne's official website?
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.
