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 Ratio1.17
Current Ratio2.07
Quick Ratio2.07
Price-To-Earnings
Trailing P/E Ratio19.64
Forward P/E Ratio18.90
P/E Growth1.11
Sales & Book Value
Annual Sales$672 million
Price / Sales9.12
Cash Flow$1.9231 per share
Price / Cash32.14
Book Value$18.77 per share
Price / Book3.29
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$-83,500,000.00
Net Margins-1.33%
Return on Equity-0.60%
Return on Assets-0.23%
Miscellaneous
Employees416
Outstanding Shares99,110,000
Market Cap$6,119.33
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 declared a quarterly dividend on Thursday, May 3rd. Investors of record on Friday, June 29th will be paid a dividend of $0.46 per share on Friday, July 13th. This represents a $1.84 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 28th. View CyrusOne's Dividend History.
How were CyrusOne's earnings last quarter?
CyrusOne Inc (NASDAQ:CONE) issued its quarterly earnings data on Wednesday, May, 2nd. The real estate investment trust reported $0.85 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.75 by $0.10. The real estate investment trust had revenue of $196.60 million for the quarter, compared to the consensus estimate of $185.86 million. CyrusOne had a negative return on equity of 0.60% and a negative net margin of 1.33%. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. 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 Wednesday, May, 2nd. The company provided earnings per share guidance of $3.18-3.28 for the period, compared to the Thomson Reuters consensus estimate of $3.25. The company issued revenue guidance of $810-825 million, compared to the consensus revenue estimate of $816.82 million.
What price target have analysts set for CONE?
17 analysts have issued 12-month price objectives for CyrusOne's stock. Their forecasts range from $58.00 to $78.00. On average, they anticipate CyrusOne's share price to reach $69.1538 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View Analyst Ratings for CyrusOne.
What is the consensus analysts' recommendation for CyrusOne?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CyrusOne in the last year. There are currently 2 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP), 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 stories about CONE stock have trended somewhat positive recently, according to Accern. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CyrusOne earned a news impact score of 0.11 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 47.50 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are CyrusOne's major shareholders?
CyrusOne's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.63%), Retirement Systems of Alabama (0.30%), Bank of Montreal Can (0.29%), Westpac Banking Corp (0.27%), Grassi Investment Management (0.12%) and State of Alaska Department of Revenue (0.05%). 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 State of Alaska Department of Revenue. 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Westpac Banking Corp, Fisher Asset Management LLC, Verde Servicos Internacionais S.A., Segment Wealth Management LLC, Pensionfund DSM Netherlands, Retirement Systems of Alabama and Xact Kapitalforvaltning AB. 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 $61.84.
How big of a company is CyrusOne?
CyrusOne has a market capitalization of $6.12 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.
