Headlines about CyrusOne (NASDAQ:CONE) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.9712983048564 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- CyrusOne Inc Forecasted to Post Q1 2019 Earnings of $0.91 Per Share (CONE) (americanbankingnews.com)
- CyrusOne CEO talks game-changing Chinese partnership: 'We… (finance.yahoo.com)
- Cramer Remix: In this environment, it’s not hard to find individual stocks worth owning (finance.yahoo.com)
- CyrusOne Target of Unusually High Options Trading (CONE) (americanbankingnews.com)
A number of research firms have recently weighed in on CONE. Jefferies Group restated a “buy” rating and set a $69.00 target price on shares of CyrusOne in a research report on Monday, August 14th. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. ValuEngine downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Cowen reiterated a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a report on Thursday, September 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $63.00 price objective (up previously from $58.00) on shares of CyrusOne in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.15.
CyrusOne (NASDAQ:CONE) traded up $0.57 during midday trading on Friday, reaching $60.45. The company had a trading volume of 855,777 shares, compared to its average volume of 882,635. The company has a market capitalization of $5,519.63, a P/E ratio of 20.42, a PEG ratio of 1.08 and a beta of 0.79. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a fifty-two week low of $43.57 and a fifty-two week high of $65.73.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data 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). The company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 EPS. equities research analysts predict that CyrusOne will post 3.09 EPS for the current 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 paid a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.78%. CyrusOne’s payout ratio is -173.19%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by insiders.
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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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