CyrusOne Company Profile (NASDAQ:CONE)

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

CyrusOne announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 29th will be paid a dividend of $0.42 per share on Friday, October 13th. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 28th. View CyrusOne's Dividend History.

CyrusOne Inc (NASDAQ:CONE) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.77 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.03. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. CyrusOne's revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. View CyrusOne's Earnings History.

CyrusOne is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for CyrusOne.

13 brokerages have issued 12-month price targets for CyrusOne's stock. Their forecasts range from $43.00 to $73.00. On average, they expect CyrusOne's stock price to reach $61.00 in the next twelve months. View Analyst Ratings for CyrusOne.

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. " (8/8/2017)
• 2. Jefferies Group LLC analysts commented, "We are updating our estimates following 4Q16 earnings. CONE continues to be our top pick among the Data Center REITs given the robust leasing prospects, driven by one of the best sales forces in the industry, and the company's ability to maintain development costs and deliver facilities quickly... CONE leased 74k sf (9 MW) of colocation space in 4Q16 for $19M of annualized revenue, which is down from $27M last quarter, and the prior four-quarter average of $43M per quarter. However, this level remains above the paradigm shift in leasing volumes that started in 4Q15 (volumes averaged $14M in 4Q14-3Q15). Rental churn was 2.2% in 4Q16 vs. 2.4% in 3Q16 (adj for CONE-initiated churn), and above the prior fourquarter average of 1.7%. For the full year, churn was 8.6%, which was above the 8.0% guidance that management provided on the 3Q16 earnings call." (2/27/2017)
• 3. Stifel Nicolaus analysts commented, "CyrusOne posted solid 4Q financial results that exceeded consensus on the top and bottom lines; and issued above consensus guidance for 2017 organic growth. Although 4Q leasing velocity slowed from record-setting levels earlier this year, CONE continues to increase market share penetration with over one-third of industry bookings during the quarter and FY16 (in terms of public DC REITs). Despite near-term headwinds from upcoming financings we expect balance sheet volatility to subside following an anticipated 2Q fixed rate debt issuance; and we believe management has set achievable bookings / growth expectations for 2017. After building in the Sentinel acquisition to our model we are increasing 2017/2018 AFFO estimates, driving a TP increase to $56 while holding our target multiple constant at 17.5x 2018E AFFO." (2/24/2017)

Some companies that are related to CyrusOne include Corrections Corp. of America (CXW), Communications Sales & Leasing,Inc. (UNIT), QTS Realty Trust (QTS), InfraREIT (HIFR), Anworth Mortgage Asset Corporation (ANH), CorEnergy Infrastructure Trust (CORR), Farmland Partners (FPI), Jernigan Capital (JCAP), Drive Shack (DS) and Gladstone Land Corporation (LAND).

CyrusOne's management team includes the folowing people:

• Gary J. Wojtaszek, President, Chief Executive Officer, Director
• Diane M. Morefield CPA, Chief Financial Officer, Executive Vice President
• Robert M. Jackson, Executive Vice President, General Counsel, Secretary
• Amitabh Rai CPA, Senior Vice President, Chief Accounting Officer
• Kevin L. Timmons, Chief Technology Officer
• Venkatesh S. Durvasula, Chief Commercial Officer
• Alex Shumate, Non-Executive Chairman of the Board, Lead Independent Director
• David H. Ferdman, Independent Director
• John W. Gamble Jr., Independent Director
• Michael A. Klayko, Independent Director

CyrusOne's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (15.58%), BlackRock Inc. (9.20%), NORGES BANK (4.86%), Goldman Sachs Group Inc. (0.00%), Bank of New York Mellon Corp (0.00%) and State Street Corp (0.00%). Company insiders that own CyrusOne stock include Cincinnati Bell Inc, Gary J Wojtaszek, Kevin L Timmons, Robert M Jackson and Venkatesh S Durvasula. View Institutional Ownership Trends for CyrusOne.

CyrusOne's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of New York Mellon Corp, Jennison Associates LLC, Denver Investment Advisors LLC, Capital Growth Management LP, BNP Paribas Arbitrage SA, Ameriprise Financial Inc. and American Century Companies Inc.. Company insiders that have sold CyrusOne 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.

CyrusOne's stock was purchased by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Janus Henderson Group PLC, Vanguard Group Inc., BlackRock Inc., Great West Life Assurance Co. Can, Citigroup Inc., Chevy Chase Trust Holdings Inc. and Dana Investment Advisors Inc.. View Insider Buying and Selling for CyrusOne.

Shares of CyrusOne can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CyrusOne stock can currently be purchased for approximately $62.60.