Zayo Group Holdings Inc (ZAYO) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.01. The company posted revenue of $478.00 million in the period, compared to analysts expectations of $465.40 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.
Many Wall Street Analysts have commented on Zayo Group Holdings Inc. FBR Capital Reiterated Zayo Group Holdings Inc on Mar 24, 2016 to “Mkt Perform”, Price Target of the shares are set at $26.Shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight” and Lowered the Price Target to $ 30 from a previous price target of $34 .
Zayo Group Holdings Inc closed down -0.1 points or -0.38% at $26.51 with 18,57,331 shares getting traded on Wednesday. Post opening the session at $26.54, the shares hit an intraday low of $26.28 and an intraday high of $26.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 4, 2016, Daniel Caruso (CEO) sold 5,000 shares at $26.49 per share price. According to the SEC, on Apr 22, 2016, Kenneth Desgarennes (Chief Financial Officer) sold 62,500 shares at $25.72 per share price. On Apr 21, 2016, Matthew Erickson (President & COO) sold 82,500 shares at $25.53 per share price, according to the Form-4 filing with the securities and exchange commission.
Zayo Group Holdings Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber fiber to cellular towers and small cell sites dedicated wavelength connections Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure and cloud and connectivity. It operates through three segments: Physical Infrastructure Cloud and Connectivity and Other. Its bandwidth infrastructure assets consist of fiber networks the optronic equipment used to provide its lit services over its fiber networks and its datacenters where it provides colocation and interconnection services. The Company through metro fiber networks provides bandwidth infrastructure services within the metro markets that it serves. The Company through regional fiber networks provides bandwidth infrastructure services between the metro markets that it serves.