CyrusOne Inc (CONE) : 7 brokerage houses believe that CyrusOne Inc (CONE) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CyrusOne Inc (CONE). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.
CyrusOne Inc (CONE) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $59 and the lowest price target forecast is $48. The average forecast of all the analysts is $54.44 and the expected standard deviation is $3.81.
For the current week, the company shares have a recommendation consensus of Buy.
CyrusOne Inc (NASDAQ:CONE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.81 and $54.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.97, notching a gain of 0.02% for the day. The total traded volume was 1,631,609 . The stock had closed at $54.96 on the previous day.
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.