News headlines about CyrusOne (NASDAQ:CONE) have trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CyrusOne earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.4585744046373 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- CyrusOne Inc (CONE) PT Raised to $70.00 at Morgan Stanley (americanbankingnews.com)
- Infrastructure Provider Cites Connectivity, Cloud Access, Resiliency as Key Factors (pressreleasepoint.com)
- CyrusOne : Aurora City Council turns down Scientel headquarters plan (4-traders.com)
- NetActuate Chooses CyrusOne for Data Center Services Hub in Raleigh-Durham (finance.yahoo.com)
- CyrusOne Inc (CONE) Expected to Post Q4 2017 Earnings of $0.81 Per Share (americanbankingnews.com)
CyrusOne (NASDAQ CONE) traded down $0.43 during trading on Monday, reaching $61.70. The company’s stock had a trading volume of 545,535 shares, compared to its average volume of 1,066,408. CyrusOne has a 12 month low of $40.48 and a 12 month high of $65.73. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $5,640.00, a P/E ratio of 20.99, a P/E/G ratio of 1.11 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last released its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The business had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. During the same period last year, the business posted $0.67 EPS. CyrusOne’s revenue was up 21.9% compared to the same quarter last year. equities analysts anticipate that CyrusOne will post 3.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, December 28th. CyrusOne’s dividend payout ratio (DPR) is currently -171.43%.
A number of equities analysts have recently issued reports on CONE shares. Morgan Stanley restated an “overweight” rating and set a $63.00 target price (up from $58.00) on shares of CyrusOne in a research report on Friday, August 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $71.00 price target on shares of CyrusOne in a report on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Zacks Investment Research downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. CyrusOne has an average rating of “Buy” and a consensus price target of $63.14.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.64% of the company’s stock.
CyrusOne Company Profile
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.
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