Somewhat Favorable Media Coverage Somewhat Unlikely to Affect CyrusOne (CONE) Share Price
Media coverage about CyrusOne (NASDAQ:CONE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CyrusOne earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.3770099674357 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Stifel Nicolaus Reiterates “Buy” Rating for CyrusOne Inc (CONE) (footballhebdo.com)
- Recent Research Analysts’ Ratings Changes for CyrusOne (CONE) (lazeresportes.com)
- Cyrusone Inc Set to Possibly Pullback After Yesterday’s Rally of 1.08% (mysmartrend.com)
- Loeb Partners Corp Boosts Stake in CyrusOne Inc (NASDAQ:CONE) (elcumanes.com)
- Stifel Nicolaus Reiterates “Buy” Rating for CyrusOne Inc (NASDAQ:CONE) (campdesrecrues.com)
CyrusOne (NASDAQ:CONE) opened at 58.49 on Friday. CyrusOne has a 12-month low of $38.80 and a 12-month high of $60.55.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities research analysts forecast that CyrusOne will post ($0.11) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. CyrusOne’s dividend payout ratio (DPR) is currently -541.92%.
CONE has been the subject of a number of recent research reports. Credit Suisse Group initiated coverage on CyrusOne in a research report on Friday, June 30th. They issued an “outperform” rating and a $73.00 target price for the company. Barclays PLC raised their target price on CyrusOne from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. Stifel Nicolaus raised their target price on CyrusOne from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research cut CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $60.23.
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In other news, CEO Gary J. Wojtaszek sold 38,294 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $58.01, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the sale, the insider now directly owns 511,621 shares of the company’s stock, valued at approximately $29,566,577.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,894 shares of company stock valued at $7,342,489. 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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