CyrusOne Inc (CONE) : Summit Securities Group added new position in CyrusOne Inc during the most recent quarter end. The investment management firm now holds 49,928 shares of CyrusOne Inc which is valued at $2.4 Million , the company said in a statement filed on May 11, 2016 with the SEC.CyrusOne Inc makes up approximately 1.76% of Summit Securities Group’s portfolio.
Other Hedge Funds, Including , Zevenbergen Capital Investments boosted its stake in CONE in the latest quarter, The investment management firm added 2,425 additional shares and now holds a total of 12,330 shares of CyrusOne Inc which is valued at $603,307. CyrusOne Inc makes up approx 0.03% of Zevenbergen Capital Investments’s portfolio.Blackrock Japan Ltd boosted its stake in CONE in the latest quarter, The investment management firm added 153 additional shares and now holds a total of 3,647 shares of CyrusOne Inc which is valued at $178,448. Nine Chapters Capital Management sold out all of its stake in CONE during the most recent quarter. The investment firm sold 16,400 shares of CONE which is valued $802,452.Ftb Advisors reduced its stake in CONE by selling 92 shares or 13.49% in the most recent quarter. The Hedge Fund company now holds 590 shares of CONE which is valued at $28,869.California Public Employees Retirement System reduced its stake in CONE by selling 900 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 169,500 shares of CONE which is valued at $8.3 Million. CyrusOne Inc makes up approx 0.01% of California Public Employees Retirement System’s portfolio.
CyrusOne Inc opened for trading at $49.25 and hit $49.68 on the upside on Monday, eventually ending the session at $49.65, with a gain of 1.47% or 0.72 points. The heightened volatility saw the trading volume jump to 17,68,188 shares. Company has a market cap of $3,953 M.
On the company’s financial health, CyrusOne Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.57. The company had revenue of $113.30 million for the quarter, compared to analysts expectations of $115.34 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on CyrusOne Inc. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $53 .Company shares were Reiterated by Stifel on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $48 .
CyrusOne Inc. (CyrusOne) is an owner operator and developer of enterprise-class carrier-neutral multi-tenant data center properties. The Company’s data centers are purpose-built facilities which have access to a range of telecommunications carriers. It provides mission-critical data center facilities that protect the information technology (IT) infrastructure for its clients. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. As of July 1 2015 the Company had approximately 900 customers. As of July 1 2015 the Companys property portfolio included 31 data centers across 12 markets in 10 cities in the United States London and Singapore. The Company’s facilities cover approximately 500000 gross square feet of space including over 130000 colocation square feet and around 100000 square feet of work area recovery space.