Analyst Rating Update on CyrusOne Inc (CONE)

CyrusOne Inc (NASDAQ:CONE) : The consensus on CyrusOne Inc (NASDAQ:CONE) based on 12 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

CyrusOne Inc (NASDAQ:CONE) : 9 Wall Street analysts covering CyrusOne Inc (NASDAQ:CONE) believe that the average level the stock could reach for the short term is $54.44. The maximum price target given is $59 and the minimum target for short term is around $48, hence the standard deviation is calculated at $3.81.

For the current week, the company shares have a recommendation consensus of Buy. Also, Wells Fargo initiates coverage on CyrusOne Inc (NASDAQ:CONE) The brokerage firm has issued a Outperform rating on the shares. The rating by the firm was issued on June 1, 2016.

CyrusOne Inc (NASDAQ:CONE): stock turned positive on Tuesday. Though the stock opened at $51.83, the bulls momentum made the stock top out at $53.355 level for the day. The stock recorded a low of $51.725 and closed the trading day at $53.07, in the green by 3.51%. The total traded volume for the day was 892,547. The stock had closed at $51.27 in the previous days trading.

In an insider trading activity, The officer (CHIEF TECHNOLOGY OFFICER), of Cyrusone Inc., Timmons Kevin L had unloaded 14,086 shares at $40.1 per share in a transaction on February 29, 2016. The total value of transaction was $564,849. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

CyrusOne Inc. (CyrusOne) is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Companys 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 Companys facilities cover approximately 500,000 gross square feet of space, including over 130,000 colocation square feet and around 100,000 square feet of work area recovery space.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.