CyrusOne Inc. is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company's data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond. The Company has data centers in the United States, London and Singapore. As of December 31, 2016, the Company provided mission-critical data center facilities for 932 customers in 35 data centers and two recovery centers in 11 distinct markets (nine cities in the United States, London and Singapore) with approximately 3,904,000 net rentable square feet (NRSF). The Company provides round the clock security guard monitoring with customizable security features. As of December 31, 2016, the Company had approximately 1,657,000 NRSF under development.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Diversified
- Sub-Industry: Office REITs
- Symbol: NASDAQ:CONE
- CUSIP: 23283R10
- Web: www.cyrusone.com
- Market Cap: $4.76 billion
- Outstanding Shares: 84,000,000
- 50 Day Moving Avg: $54.29
- 200 Day Moving Avg: $48.85
- 52 Week Range: $38.80 - $57.90
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 120.49
- P/E Growth: -107.80
- Annual Revenue: $560.6 million
- Price / Sales: 8.49
- Book Value: $15.52 per share
- Price / Book: 3.65
- Annual Dividend: $1.52
- Dividend Yield: 3.0%
- EBIDTA: $277.1 million
- Net Margins: 3.58%
- Return on Equity: 1.78%
- Return on Assets: 0.73%
- Debt-to-Equity Ratio: 1.02%
- Current Ratio: 0.39%
- Quick Ratio: 0.39%
- Average Volume: 1.32 million shs.
- Beta: 0.82
- Short Ratio: 2.94
Frequently Asked Questions for CyrusOne (NASDAQ:CONE)
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 4th. Investors of record on Friday, June 30th will be given a dividend of $0.42 per share on Friday, July 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, June 28th. View CyrusOne's Dividend History.
How were CyrusOne's earnings last quarter?
CyrusOne Inc (NASDAQ:CONE) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The firm earned $149.30 million during the quarter, compared to analysts' expectations of $150.63 million. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. View CyrusOne's Earnings History.
When will CyrusOne make its next earnings announcement?
What guidance has CyrusOne issued on next quarter's earnings?
CyrusOne updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $2.95-3.05 for the period, compared to the Thomson Reuters consensus estimate of $2.92. The company issued revenue guidance of $666-681 million, compared to the consensus revenue estimate of $673.80 million.
Where is CyrusOne's stock going? Where will CyrusOne's stock price be in 2017?
13 brokerages have issued 1-year target prices for CyrusOne's stock. Their predictions range from $43.00 to $63.00. On average, they expect CyrusOne's share price to reach $56.50 in the next twelve months. View Analyst Ratings for CyrusOne.
What are analysts saying about CyrusOne stock?
Here are some recent quotes from research analysts about CyrusOne stock:
- 1. 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)
- 2. 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)
- 3. 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. " (1/6/2017)
Are investors shorting CyrusOne?
CyrusOne saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 7,744,588 shares, an increase of 15.4% from the March 31st total of 6,710,938 shares. Based on an average trading volume of 1,227,606 shares, the days-to-cover ratio is currently 6.3 days.
Who are some of CyrusOne's key competitors?
Some companies that are related to CyrusOne include Gaming and Leisure Properties (GLPI), W.P. Carey Inc. REIT (WPC), Lamar Advertising Company (LAMR), Douglas Emmett (DEI), Starwood Property Trust (STWD), National Retail Properties (NNN), Cousins Properties (CUZ), Corecivic (CXW), Store Capital Corp (STOR), Chimera Investment (CIM), Spirit Realty Capital (SRC), PS Business Parks (PSB), Empire State Realty Trust (ESRT), MFA Financial (MFA), Brandywine Realty Trust (BDN), Blackstone Mortgage Trust (BXMT), Lexington Realty Trust (LXP) and Invesco Mortgage Capital (IVR).
Who are CyrusOne's key executives?
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
Who owns CyrusOne stock?
CyrusOne's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.05%), BlackRock Inc. (8.21%), Bank of New York Mellon Corp (5.52%),
(4.94%) and Jennison Associates LLC (3.01%). Company insiders that own CyrusOne stock include Cincinnati Bell Inc, Kevin L Timmons and Venkatesh S Durvasula. View Institutional Ownership Trends for CyrusOne.
Who sold CyrusOne stock? Who is selling CyrusOne stock?
CyrusOne's stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Bank of New York Mellon Corp, Bank of Nova Scotia, Westwood Holdings Group Inc., Credit Suisse AG, Nationwide Fund Advisors, Neuberger Berman Group LLC and Henderson Group PLC. View Insider Buying and Selling for CyrusOne.
Who bought CyrusOne stock? Who is buying CyrusOne stock?
CyrusOne's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., State Street Corp, Capital Growth Management LP, Westfield Capital Management Co. LP, JPMorgan Chase & Co., Mesirow Financial Investment Management Equity Management and Bank of America Corp DE. View Insider Buying and Selling for CyrusOne.
How do I buy CyrusOne stock?
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.
What is CyrusOne's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of CyrusOne stock can currently be purchased for approximately $56.63.
Earnings History for CyrusOne (NASDAQ:CONE)Earnings History by Quarter for CyrusOne (NASDAQ CONE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|5/3/2017||Q1 2017||$0.68||$0.72||$150.63 million||$149.30 million||View||Listen|
|2/22/2017||Q416||$0.63||$0.68||$136.28 million||$137.40 million||View||N/A|
|10/31/2016||Q316||$0.63||$0.67||$136.21 million||$143.80 million||View||Listen|
|8/1/2016||Q216||$0.59||$0.67||$125.94 million||$130.10 million||View||N/A|
|5/4/2016||Q116||$0.59||$0.63||$116.19 million||$117.80 million||View||N/A|
|2/23/2016||Q415||$0.57||($0.02)||$115.36 million||$113.30 million||View||Listen|
|11/5/2015||Q315||$0.55||$0.57||$108.58 million||$111.20 million||View||N/A|
|8/5/2015||Q215||$0.47||$0.50||$91.37 million||$89.10 million||View||N/A|
|5/7/2015||Q115||$0.47||$0.49||$88.54 million||$85.70 million||View||N/A|
|2/18/2015||Q414||$0.42||($0.19)||$85.78 million||$86.90 million||View||N/A|
|11/4/2014||Q314||$0.41||$0.44||$82.95 million||$84.80 million||View||N/A|
|8/6/2014||Q214||$0.42||$0.39||$79.42 million||$81.70 million||View||N/A|
|5/7/2014||Q1||$0.38||$0.42||$74.29 million||$77.50 million||View||N/A|
|11/6/2013||Q313||($0.03)||($0.05)||$66.42 million||$67.50 million||View||N/A|
|5/8/2013||Q1 2013||($0.05)||$52.10 million||$60.10 million||View||N/A|
Earnings Estimates for CyrusOne (NASDAQ:CONE)
2017 EPS Consensus Estimate: $2.99
2018 EPS Consensus Estimate: $3.39
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for CyrusOne (NASDAQ:CONE)
|Payout Ratio:||723.84% (Trailing 12 Months of Earnings) |
-7,600.00% (Based on This Year's Estimates)
323.40% (Based on Next Year's Estimates)
Dividend History by Quarter for CyrusOne (NASDAQ CONE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CyrusOne (NASDAQ:CONE)
Insider Ownership Percentage: 2.20%Insider Trades by Quarter for CyrusOne (NASDAQ:CONE)
Institutional Ownership Percentage: 96.42%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/3/2017||Venkatesh S Durvasula||Insider||Sell||11,779||$50.90||$599,551.10|| |
|3/16/2017||Venkatesh S Durvasula||Insider||Sell||10,000||$50.69||$506,900.00|| |
|12/15/2016||Venkatesh S Durvasula||Insider||Sell||6,737||$44.51||$299,863.87|| |
|2/29/2016||Kevin L Timmons||CTO||Sell||14,086||$40.10||$564,848.60|| |
|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|| |
|8/14/2013||Gary Wojtaszek||CEO||Buy||5,750||$19.44||$111,780.00|| |
|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|| |
Headline Trends for CyrusOne (NASDAQ:CONE)
Latest Headlines for CyrusOne (NASDAQ:CONE)
|CyrusOne Inc. to Present at Cowen and Company 45th Annual Technology, Media & Telecom Conference|
finance.yahoo.com - May 25 at 6:00 PM
|CyrusOne's CEO tells Cramer about what's driving the comp...|
finance.yahoo.com - May 23 at 12:42 PM
|$165.04 Million in Sales Expected for CyrusOne Inc (CONE) This Quarter|
www.americanbankingnews.com - May 21 at 7:14 AM
| Brokerages Expect CyrusOne Inc (CONE) Will Post Earnings of $0.74 Per Share|
www.americanbankingnews.com - May 19 at 10:28 AM
|CyrusOne Inc (CONE) Receives Overweight Rating from Morgan Stanley|
www.americanbankingnews.com - May 17 at 4:02 PM
|Jefferies Group Comments on CyrusOne Inc's FY2017 Earnings (CONE)|
www.americanbankingnews.com - May 11 at 11:26 AM
|CyrusOne CEO banks company's growth on new $600M data center campus in Allen|
www.bizjournals.com - May 10 at 4:37 PM
|Jefferies Group Comments on CyrusOne Inc's Q2 2017 Earnings (CONE)|
www.americanbankingnews.com - May 10 at 8:32 AM
|Q1 2018 EPS Estimates for CyrusOne Inc (CONE) Increased by Analyst|
www.americanbankingnews.com - May 8 at 11:18 AM
|Royal Bank of Canada Increases CyrusOne Inc (CONE) Price Target to $63.00|
www.americanbankingnews.com - May 8 at 10:44 AM
|CyrusOne Inc (CONE) Downgraded by TheStreet|
www.americanbankingnews.com - May 6 at 11:52 PM
|CyrusOne Inc (CONE) Receives Average Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - May 5 at 10:43 PM
|Edited Transcript of CONE earnings conference call or presentation 4-May-17 3:00pm GMT|
finance.yahoo.com - May 5 at 2:34 AM
|CyrusOne Inc (CONE) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS|
www.americanbankingnews.com - May 4 at 11:10 PM
|CyrusOne Inc Plans Quarterly Dividend of $0.42 (CONE)|
www.americanbankingnews.com - May 4 at 7:48 PM
|Investor Network: CyrusOne, Inc. to Host Earnings Call|
finance.yahoo.com - May 4 at 4:33 PM
|CyrusOne Inc (CONE) Updates FY17 Earnings Guidance|
www.americanbankingnews.com - May 4 at 1:13 AM
|CyrusOne Reports First Quarter 2017 Earnings|
finance.yahoo.com - May 3 at 4:24 PM
|CyrusOne reports 1Q results|
finance.yahoo.com - May 3 at 4:24 PM
|CyrusOne, Texas’s Largest Data Center Provider, Continues Expansion in San Antonio|
finance.yahoo.com - May 2 at 7:31 PM
|CyrusOne plans to develop massive data center campus in Allen|
finance.yahoo.com - May 1 at 4:24 PM
|CyrusOne Inc (CONE) Expected to Post Quarterly Sales of $150.63 Million|
www.americanbankingnews.com - April 30 at 8:31 AM
|CyrusOne Inc (CONE) Sees Significant Increase in Short Interest|
www.americanbankingnews.com - April 30 at 12:24 AM
|CyrusOne (CONE) Earns Coverage Optimism Rating of 0.09|
www.americanbankingnews.com - April 29 at 6:57 PM
| Analysts Expect CyrusOne Inc (CONE) Will Announce Earnings of $0.68 Per Share|
www.americanbankingnews.com - April 28 at 10:24 PM
|CyrusOne (CONE) Given Daily News Sentiment Score of 0.34|
www.americanbankingnews.com - April 27 at 12:46 AM
|CyrusOne Inc (CONE) Receives Overweight Rating from Barclays PLC|
www.americanbankingnews.com - April 25 at 10:04 PM
|Analysts' Actions -- Amazon, C.R. Bard, CyrusOne, Dow and More|
finance.yahoo.com - April 25 at 12:05 PM
|Somewhat Positive Media Coverage Likely to Affect CyrusOne (CONE) Share Price|
www.americanbankingnews.com - April 23 at 5:05 PM
|CyrusOne (CONE) Getting Somewhat Favorable Press Coverage, Report Finds|
www.americanbankingnews.com - April 20 at 6:37 PM
|CyrusOne Announces Jonathan Schildkraut Joining Company as Chief Strategy Officer|
finance.yahoo.com - April 19 at 12:46 PM
|CyrusOne Inc to Post Q1 2017 Earnings of $0.70 Per Share, Jefferies Group Forecasts (CONE)|
www.americanbankingnews.com - April 18 at 12:08 PM
|Favorable Media Coverage Very Likely to Impact CyrusOne (CONE) Share Price|
www.americanbankingnews.com - April 16 at 12:17 PM
|CyrusOne (CONE) Getting Somewhat Positive News Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 13 at 4:02 PM
|CyrusOne Inc (CONE) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - April 13 at 3:10 PM
|CyrusOne Inc (CONE) Expected to Announce Quarterly Sales of $150.63 Million|
www.americanbankingnews.com - April 9 at 8:59 AM
|Zacks: Analysts Expect CyrusOne Inc (CONE) Will Post Earnings of $0.68 Per Share|
www.americanbankingnews.com - April 7 at 8:17 PM
|CyrusOne Inc (CONE) Now Covered by Analysts at Macquarie|
www.americanbankingnews.com - April 6 at 5:18 PM
|CyrusOne Inc (CONE) Insider Venkatesh S. Durvasula Sells 11,779 Shares|
www.americanbankingnews.com - April 5 at 8:01 PM
|CyrusOne Inc. Announces First Quarter 2017 Earnings Release and Conference Call Dates|
finance.yahoo.com - April 3 at 4:52 PM
|CyrusOne Inc (CONE) Ex-Dividend Date Scheduled for March 29, 2017 - Nasdaq|
www.nasdaq.com - March 28 at 4:11 PM
|CyrusOne goes ex-dividend tomorrow|
seekingalpha.com - March 28 at 9:00 AM
|Short Interest in CyrusOne Inc (CONE) Increases By 57.0%|
www.americanbankingnews.com - March 26 at 7:17 AM
|CyrusOne and 451 Research to Host Free Webinar Entitled “Beyond the WAN: Networking the Enterprise Data Center to the Cloud”|
finance.yahoo.com - March 23 at 4:55 PM
|First Week of CONE May 19th Options Trading|
www.nasdaq.com - March 22 at 4:30 PM
|DuPont Fabros: A Blooming Flower In A Winter Garden|
seekingalpha.com - March 21 at 12:07 PM
|Insider Selling: CyrusOne Inc (CONE) Insider Sells 10,000 Shares of Stock|
www.americanbankingnews.com - March 20 at 7:52 PM
|CyrusOne Inc. Announces Early Settlement of Tender Offer and Consent Solicitation for Outstanding 6.375% Senior Notes due 2022|
finance.yahoo.com - March 17 at 8:53 PM
|Digital Realty Expands Presence in Atlanta with New Facility|
www.zacks.com - March 16 at 5:47 PM
|CyrusOne, Inc. breached its 50 day moving average in a Bullish Manner : CONE-US : March 13, 2017|
us.rd.yahoo.com - March 13 at 12:30 PM
CyrusOne (CONE) Chart for Monday, May, 29, 2017