CyrusOne (CONE) Given Daily Media Impact Rating of 0.23
Media stories about CyrusOne (NASDAQ:CONE) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CyrusOne earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.1052514650155 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Zacks: Analysts Expect CyrusOne Inc (NASDAQ:CONE) Will Announce Quarterly Sales of $176.12 Million (americanbankingnews.com)
- CyrusOne Inc (NASDAQ:CONE) Sees Significantly Lower Trading Volume – Modern Readers (modernreaders.com)
- CyrusOne (NASDAQ:CONE) vs. CorEnergy Infrastructure Trust (CORR) Critical Review (americanbankingnews.com)
- CyrusOne Inc. to Present at Cowen and Company 3rd Annual Communications Infrastructure Summit (finance.yahoo.com)
- CyrusOne Inc (CONE) Expected to Post Earnings of $0.76 Per Share (americanbankingnews.com)
Shares of CyrusOne (NASDAQ:CONE) traded up 0.69% during midday trading on Friday, reaching $58.59. 730,859 shares of the company’s stock were exchanged. The stock’s market capitalization is $4.69 billion. CyrusOne has a one year low of $38.80 and a one year high of $60.55.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The company had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. During the same period in the previous year, the company posted $0.67 earnings per share. CyrusOne’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities research analysts forecast that CyrusOne will post ($0.10) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, September 28th. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.
CONE has been the subject of several research reports. TheStreet lowered shares of CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus upped their price target on shares of CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Mitsubishi UFJ Financial Group initiated coverage on shares of CyrusOne in a research report on Tuesday, April 25th. They set a “neutral” rating and a $54.00 price target for the company. Cowen and Company upped their price target on shares of CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $63.00 price target (up previously from $59.00) on shares of CyrusOne in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $59.29.
In other news, insider Gary J. Wojtaszek sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total value of $4,623,200.00. Following the completion of the sale, the insider now directly owns 511,621 shares in the company, valued at $29,566,577.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary J. Wojtaszek sold 38,294 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $58.01, for a total value of $2,221,434.94. Following the completion of the sale, the chief executive officer now owns 511,621 shares of the company’s stock, valued at $29,679,134.21. The disclosure for this sale can be found here. Insiders sold 126,894 shares of company stock valued at $7,342,489 over the last 90 days. Company insiders own 1.64% of the company’s stock.
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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