NASDAQ:CONE - CyrusOne Stock Price, News, & Analysis

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$57.0350 -0.62 (-1.08 %)
(As of 02/20/2019 03:09 PM ET)
Previous Close$57.65
Today's Range$56.58 - $57.8350
52-Week Range$43.49 - $69.01
Volume902,540 shs
Average Volume1.03 million shs
Market Capitalization$6.04 billion
P/E Ratio18.28
Dividend Yield3.21%
Beta0.89
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 208 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 47 data centers worldwide.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNASDAQ:CONE
CUSIP23283R10
Phone972-350-0060

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$672 million
Cash Flow$1.9088 per share
Book Value$18.77 per share

Profitability

Net Income$-83,500,000.00

Miscellaneous

Employees416
Market Cap$6.04 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 declared a quarterly dividend on Wednesday, October 31st. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.46 per share on Friday, January 11th. This represents a $1.84 annualized dividend and a yield of 3.24%. 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) posted its earnings results on Tuesday, October, 30th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $1.23. The real estate investment trust had revenue of $206.60 million for the quarter, compared to analyst estimates of $209.33 million. CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The firm's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. View CyrusOne's Earnings History.

When is CyrusOne's next earnings date?

CyrusOne is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for CyrusOne.

How can I listen to CyrusOne's earnings call?

CyrusOne will be holding an earnings conference call on Thursday, February 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8444923731.

What price target have analysts set for CONE?

13 brokers have issued 12-month target prices for CyrusOne's stock. Their predictions range from $52.88 to $73.00. On average, they expect CyrusOne's share price to reach $66.24 in the next twelve months. This suggests a possible upside of 16.6% 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 5 hold ratings and 8 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. " (2/11/2019)
  • 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?

News coverage about CONE stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. CyrusOne earned a news impact score of -1.1 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of CyrusOne's key competitors?

Who are CyrusOne's key executives?

CyrusOne's management team includes the folowing people:
  • Mr. Gary J. Wojtaszek, Pres, CEO & Director (Age 53)
  • Ms. Diane M. Morefield, Exec. VP & CFO (Age 60)
  • Mr. Kevin L. Timmons, Exec. VP & Chief Technology Officer (Age 54)
  • Mr. Robert M. Jackson, Exec. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Venkatesh S. Durvasula, Pres of Europe (Age 52)

Who are CyrusOne's major shareholders?

CyrusOne's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.66%), Cohen & Steers Inc. (10.60%), Principal Financial Group Inc. (3.14%), Bank of America Corp DE (3.01%), Daiwa Securities Group Inc. (2.40%) and Oregon Public Employees Retirement Fund (2.07%). 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 Citigroup Inc., Northern Trust Corp, Nordea Investment Management AB, Rafferty Asset Management LLC, Aviva PLC, Nuveen Asset Management LLC, Pinnacle Associates Ltd. and Westpac Banking Corp. 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 institutional investors are buying CyrusOne stock?

CONE stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Principal Financial Group Inc., BlackRock Inc., Victory Capital Management Inc., Bank of America Corp DE, Great West Life Assurance Co. Can, Duff & Phelps Investment Management Co. and Reaves W H & Co. Inc.. 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 $56.82.

How big of a company is CyrusOne?

CyrusOne has a market capitalization of $6.01 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?

The official website for CyrusOne is http://www.cyrusone.com.

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)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  479 (Vote Outperform)
Underperform Votes:  283 (Vote Underperform)
Total Votes:  762
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.
This page was last updated on 2/20/2019 by MarketBeat.com Staff

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