Barclays Upgrades CyrusOne Inc to Overweight with Price Target $57.00

Brokerage firm Barclays Upgrades its rating on CyrusOne Inc(NASDAQ:CONE). In a research note issued to the investors, the brokerage major Raises the price-target to $57.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Aug 18, 2016.

In a different note, On Aug 11, 2016, Jefferies said it Maintains its rating on CyrusOne Inc. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Buy’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on CyrusOne Inc, according to a research note issued on Jul 21, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on CyrusOne Inc. In the research note, the firm Raises the price-target to $47.50 per share. The shares have been rated ‘Neutral’ by the firm. Wells Fargo said it Initiates Coverage on CyrusOne Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Outperform’ by the firm.

CyrusOne Inc (CONE) made into the market gainers list on Mondays trading session with the shares advancing 1.73% or 0.86 points. Due to strong positive momentum, the stock ended at $50.69, which is also near the day’s high of $50.88. The stock began the session at $49.88 and the volume stood at 10,31,742 shares. The 52-week high of the shares is $57 and the 52 week low is $30.6. The company has a current market capitalization of $4,060 M and it has 8,00,97,124 shares in outstanding.

CyrusOne Inc(CONE) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $130.10M. Analysts had an estimated revenue of $125.94M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Kevin L Timmons (CHIEF TECHNOLOGY OFFICER) sold 14,086 shares at $40.10 per share price.Also, On Apr 15, 2015, Thomas Wesley Bosse (Vice President, GC and Secy) sold 12,045 shares at $31.52 per share price.On Apr 13, 2015, Gary J Wojtaszek (President and CEO) sold 60,000 shares at $31.64 per share price, according to the Form-4 filing with the securities and exchange commission.

CyrusOne Inc. (CyrusOne) is an owner operator and developer of enterprise-class carrier-neutral multi-tenant data center properties. The Company’s 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 Company’s property portfolio included 31 data centers across 12 markets in 10 cities in the United States London and Singapore. The Company’s facilities cover approximately 500000 gross square feet of space including over 130000 colocation square feet and around 100000 square feet of work area recovery space.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

CyrusOne Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on CyrusOne Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.