SunTrust Robinson Humphrey Initiates Coverage on CyrusOne Inc to Buy

SunTrust Robinson Humphrey Initiates Coverage on CyrusOne Inc(NASDAQ:CONE). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jul 21, 2016.

In a different note, 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) shares turned negative on Wednesdays trading session with the shares closing down -0.35 points or -0.64% at a volume of 8,56,334. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.57. The peak price level was also seen at $54.57 while the days lowest was $53.98. Finally the shares closed at $54.14. The 52-week high of the shares is $55.973 while the 52-week low is $29.18. According to the latest information available, the market cap of the company is $4,310 M.

CyrusOne Inc(CONE) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $117.80M. Analysts had an estimated revenue of $116.05M. Earnings per share were $0.63. Analysts had estimated an EPS of $0.59.

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.

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