CyrusOne Inc (CONE) has been under a strong bear grip, hence the stock is down -3.44% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.88% in the past 1 week. The stock has risen by 1.93% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.44% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.07% and the 50-Day Moving Average is 1.42%. CyrusOne Inc (NASDAQ:CONE): stock turned positive on Friday. Though the stock opened at $52, the bulls momentum made the stock top out at $52.84 level for the day. The stock recorded a low of $52 and closed the trading day at $52.28, in the green by 0.67%. The total traded volume for the day was 806,495. The stock had closed at $51.93 in the previous days trading.
The company Insiders own 2.2% of CyrusOne Inc shares according to the proxy statements. Institutional Investors own 97.74% of CyrusOne Inc shares. During last six month period, the net percent change held by insiders has seen a change of -5.4%. Also, Jefferies maintains their rating on the shares of CyrusOne Inc (NASDAQ:CONE). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $63 per share from $62 per share. The rating by the firm was issued on August 11, 2016.
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.