Zayo Group Holdings Inc (ZAYO) was Initiated by Pacific Crest to “Sector Weight”. Pacific Crest advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Zayo Group Holdings Inc. Zayo Group Holdings Inc was Initiated by Pacific Crest to “Sector Weight” on Jul 25, 2016.
On the company’s financial health, Zayo Group Holdings Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.01. The company had revenue of $478.00 million for the quarter, 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.
Zayo Group Holdings Inc opened for trading at $28.84 and hit $29.18 on the upside on Wednesday, eventually ending the session at $29.16, with a gain of 1.43% or 0.41 points. The heightened volatility saw the trading volume jump to 87,38,561 shares. Company has a market cap of $7,063 M.
In a different news, on Jul 12, 2016, Linda Rottenberg (director) sold 538 shares at $28.00 per share price. According to the SEC, on Jul 12, 2016, Richard W. Connor (director) sold 15,000 shares at $28.50 per share price. On Jul 5, 2016, Nina Richardson (director) sold 1,025 shares at $27.86 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.