About CyrusOne (NASDAQ:CONE)
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 nearly 1,000 customers, including 197 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
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNASDAQ:CONE
CUSIP23283R10
Phone972-350-0060
Debt
Debt-to-Equity Ratio1.30%
Current Ratio0.95%
Quick Ratio0.95%
Price-To-Earnings
Trailing P/E Ratio16.46
Forward P/E Ratio15.85
P/E Growth0.93
Sales & Book Value
Annual Sales$672 million
Price / Sales7.39
Cash Flow$1.9139 per share
Price / Cash26.84
Book Value$18.77 per share
Price / Book2.74
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$-83,500,000.00
Net Margins-12.43%
Return on Equity-2.79%
Return on Assets-1.05%
Miscellaneous
Employees416
Outstanding Shares96,710,000
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 Wednesday, February 21st. Stockholders of record on Thursday, March 29th will be given a dividend of $0.46 per share on Friday, April 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from CyrusOne's previous quarterly dividend of $0.42. View CyrusOne's Dividend History.
How were CyrusOne's earnings last quarter?
CyrusOne (NASDAQ:CONE) released its quarterly earnings data on Wednesday, February, 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.81 by $0.78. The real estate investment trust had revenue of $180.50 million for the quarter, compared to analysts' expectations of $182.48 million. CyrusOne had a negative net margin of 12.43% and a negative return on equity of 2.79%. 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, February, 21st. The company provided earnings per share (EPS) guidance of $3.18-3.28 for the period, compared to the Thomson Reuters consensus estimate of $3.39. The company issued revenue guidance of $810-825 million, compared to the consensus revenue estimate of $798.17 million.
What price target have analysts set for CONE?
15 equities research analysts have issued 12-month price targets for CyrusOne's stock. Their predictions range from $54.00 to $78.00. On average, they expect CyrusOne's share price to reach $66.3077 in the next year. 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. 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)
- 2. 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. " (1/9/2018)
Who are some of CyrusOne's key competitors?
Some companies that are related to CyrusOne include Regency Centers (REG), Iron Mountain (IRM), UDR (UDR), Duke Realty (DRE), SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Gaming and Leisure Properties (GLPI), AGNC Investment (AGNC), Sun Communities (SUI), Kilroy Realty (KRC), Vici Properties (VICI), W. P. Carey (WPC), VEREIT (VER), Apartment Inv & Mgmt (AIV) and Douglas Emmett (DEI).
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 and Sec. (Age 50)
- Mr. Venkatesh S. Durvasula, Exec. VP & Chief Commercial Officer (Age 51)
Has CyrusOne been receiving favorable news coverage?
News coverage about CONE stock has trended positive this week, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CyrusOne earned a news impact score of 0.29 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.59 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 $51.37.
How big of a company is CyrusOne?
CyrusOne has a market capitalization of $4.99 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 (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.
CyrusOne (NASDAQ:CONE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for CyrusOne in the last 12 months. Their average twelve-month price target is $66.3077, suggesting that the stock has a possible upside of 29.08%. The high price target for CONE is $78.00 and the low price target for CONE is $54.00. There are currently 2 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.87 | 2.93 | 2.79 | 2.71 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $66.3077 | $67.00 | $65.3333 | $60.6667 |
| Price Target Upside: | 29.08% upside | 36.26% upside | 18.57% upside | 0.71% downside |
CyrusOne (NASDAQ:CONE) Consensus Price Target History
CyrusOne (NASDAQ:CONE) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
CyrusOne (NASDAQ:CONE) Dividend Information
CyrusOne pays an annual dividend of $1.84 per share, with a dividend yield of 3.58%. CONE's most recent quarterly dividend payment was Friday, April 13. CyrusOne pays out 58.97% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $1.84 |
| Dividend Yield: | 3.58% |
| Payout Ratio: | 58.97% (Trailing 12 Months of Earnings)
56.79% (Based on This Year's Estimates)
48.94% (Based on Next Year's Estimates)
|
CyrusOne (NASDAQ:CONE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/21/2018 | Quarterly | $0.46 | | 3/28/2018 | 3/29/2018 | 4/13/2018 |
| 10/31/2017 | quarterly | $0.42 | 2.74% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 8/3/2017 | quarterly | $0.42 | 2.89% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/4/2017 | quarterly | $0.42 | 3.09% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 2/23/2017 | quarterly | $0.42 | 3.53% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 10/31/2016 | quarterly | $0.38 | 3.41% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 8/2/2016 | quarterly | $0.38 | 2.83% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/6/2016 | quarterly | $0.38 | 3.1% | 6/22/2016 | 6/24/2016 | 7/15/2016 |
| 2/24/2016 | quarterly | $0.38 | 3.93% | 3/22/2016 | 3/25/2016 | 4/15/2016 |
| 11/6/2015 | quarterly | $0.3150 | 3.63% | 12/22/2015 | 12/24/2015 | 1/8/2016 |
| 8/6/2015 | quarterly | $0.3150 | 4.14% | 9/23/2015 | 9/25/2015 | 10/15/2015 |
| 5/8/2015 | quarterly | $0.3150 | 4.03% | 6/24/2015 | 6/26/2015 | 7/15/2015 |
| 2/19/2015 | quarterly | $0.3150 | 4.24% | 3/25/2015 | 3/27/2015 | 4/15/2015 |
| 11/5/2014 | quarterly | $0.21 | 3.2% | 12/23/2014 | 12/26/2014 | 1/9/2015 |
| 8/8/2014 | quarterly | $0.21 | 3.33% | 9/24/2014 | 9/26/2014 | 10/15/2014 |
| 5/7/2014 | quarterly | $0.21 | 4% | 6/25/2014 | 6/27/2014 | 7/15/2014 |
| 2/19/2014 | quarterly | $0.21 | 3.84% | 3/26/2014 | 3/28/2014 | 4/15/2014 |
| 12/11/2013 | quarterly | $0.16 | 3.1% | 12/24/2013 | 12/27/2013 | 1/10/2014 |
| 9/4/2013 | quarterly | $0.16 | 3.29% | 9/25/2013 | 9/27/2013 | 10/15/2013 |
| 6/4/2013 | quarterly | $0.16 | 3.08% | 6/26/2013 | 6/28/2013 | 7/15/2013 |
| 3/21/2013 | special | $0.16 | | 3/26/2013 | 3/29/2013 | 4/15/2013 |
| 3/20/2013 | quarterly | $0.16 | | | 3/29/2013 | 4/15/2013 |
(Data available from 1/1/2013 forward)
CyrusOne (NASDAQ CONE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.64%
Institutional Ownership Percentage: 98.86%
CyrusOne (NASDAQ CONE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/6/2018 | Kevin L Timmons | Insider | Sell | 11,465 | $49.39 | $566,256.35 | 177,843 |  |
| 11/2/2017 | Venkatesh S Durvasula | Insider | Sell | 13,500 | $60.20 | $812,700.00 | 214,063 | |
| 8/14/2017 | Robert M Jackson | EVP | Sell | 1,890 | $59.00 | $111,510.00 | 24,296 | |
| 6/6/2017 | Gary J Wojtaszek | Insider | Sell | 80,000 | $57.79 | $4,623,200.00 | 511,621 | |
| 6/5/2017 | Gary J Wojtaszek | CEO | Sell | 38,294 | $58.01 | $2,221,434.94 | 511,621 | |
| 6/5/2017 | Kevin L Timmons | Insider | Sell | 8,600 | $57.89 | $497,854.00 | 170,137 | |
| 4/3/2017 | Venkatesh S Durvasula | Insider | Sell | 11,779 | $50.90 | $599,551.10 | 227,563 | |
| 3/16/2017 | Venkatesh S Durvasula | Insider | Sell | 10,000 | $50.69 | $506,900.00 | 239,342 | |
| 12/15/2016 | Venkatesh S Durvasula | Insider | Sell | 6,737 | $44.51 | $299,863.87 | 283,081 | |
| 2/29/2016 | Kevin L Timmons | CTO | Sell | 14,086 | $40.10 | $564,848.60 | 260,853 | |
| 12/14/2015 | Cincinnati Bell Inc | Major Shareholder | Sell | 1,350,000 | $35.30 | $47,655,000.00 | | |
| 4/13/2015 | Thomas Wesley Bosse | VP | Sell | 12,045 | $31.52 | $379,658.40 | | |
| 4/10/2015 | Gary J Wojtaszek | CEO | Sell | 60,000 | $31.66 | $1,899,600.00 | | |
| 6/13/2014 | Gary J Wojtaszek | CEO | Buy | 10,000 | $22.69 | $226,900.00 | | |
| 6/9/2014 | Gary J Wojtaszek | CEO | Buy | 10,000 | $22.81 | $228,100.00 | | |
| 5/23/2014 | Gary J Wojtaszek | CEO | Buy | 5,971 | $21.83 | $130,346.93 | | |
| 8/19/2013 | Gary Wojtaszek | CEO | Buy | 6,000 | $18.42 | $110,520.00 | 319,716 | |
| 8/14/2013 | Gary Wojtaszek | CEO | Buy | 5,750 | $19.44 | $111,780.00 | 313,716 | |
| 6/26/2013 | Marcato Capital Management Llc | Major Shareholder | Sell | 383,000 | $18.97 | $7,265,510.00 | | |
| 5/14/2013 | Gary J Wojtaszek | CEO | Buy | 5,000 | $22.22 | $111,100.00 | | |
| 5/13/2013 | Gary J Wojtaszek | CEO | Buy | 10,000 | $22.93 | $229,300.00 | | |
| 3/12/2013 | Marcato Capital Management Llc | Major Shareholder | Buy | 257,168 | $21.45 | $5,516,253.60 | | |
(Data available from 1/1/2013 forward)
CyrusOne (NASDAQ CONE) News Headlines
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CyrusOne (NASDAQ:CONE) SEC Filings
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CyrusOne (NASDAQ:CONE) Income Statement, Balance Sheet and Cash Flow Statement
CyrusOne (NASDAQ CONE) Stock Chart for Saturday, April, 21, 2018
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