Analyst Price Target Update on CyrusOne Inc (NASDAQ:CONE)

CyrusOne Inc (NASDAQ:CONE): 9 analysts have set the short term price target of CyrusOne Inc (NASDAQ:CONE) at $53.56. The standard deviation of short term price target has been estimated at $3.81, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 59 and $48 respectively.

Many analysts have stated their opinion on the company shares. Wells Fargo initiates coverage on CyrusOne Inc (NASDAQ:CONE) . Analysts at the Wells Fargo have a current rating of Outperform on the shares. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (CHIEF TECHNOLOGY OFFICER) of Cyrusone Inc., Timmons Kevin L sold 14,086 shares at $40.1 on February 29, 2016. The Insider selling transaction had a total value worth of $564,849. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CyrusOne Inc (NASDAQ:CONE) : On Monday heightened volatility was witnessed in CyrusOne Inc (NASDAQ:CONE) which led to swings in the share price. The stock opened for trading at $51.77 and hit $52.7299 on the upside , eventually ending the session at $51.84, with a gain of 0.48% or 0.25 points. The heightened volatility saw the trading volume jump to 1,214,377 shares. The 52-week high of the share price is $53.63 and the company has a market cap of $4,127 million. The 52-week low of the share price is at $29.06 .

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.

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