CyrusOne Inc (CONE) is Initiated by Wells Fargo to Outperform

CyrusOne Inc (CONE) was Initiated by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Jun 1, 2016.

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 .

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.

CyrusOne Inc opened for trading at $49.76 and hit $50.35 on the upside on Friday, eventually ending the session at $49.8, with a gain of 0.44% or 0.22 points. The heightened volatility saw the trading volume jump to 6,47,281 shares. Company has a market cap of $3,964 M.

In a different news, on Mar 1, 2016, Kevin L Timmons (CHIEF TECHNOLOGY OFFICER) sold 14,086 shares at $40.10 per share price. According to the SEC, on Apr 15, 2015, Thomas Wesley Bosse (Vice President, GC and Secy) sold 12,045 shares at $31.52 per share price. On Apr 13, 2015, Gary J Wojtaszek (President and CEO) sold 60,000 shares at $31.64 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

CyrusOne Inc

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CyrusOne Inc - Is it time to Sell?

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