Press coverage about Zayo Group Holdings (NYSE:ZAYO) has been trending somewhat positive on Friday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Zayo Group Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.7905399137422 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Zayo Group Holdings, Inc. (NYSE:ZAYO) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- Consolidated Smart Systems Selects Zayo for Dark Fiber (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Zayo Group Holdings Inc. (finance.yahoo.com)
- USS Investment Management Ltd Buys Wells Fargo, Marsh & McLennan Inc, Alliance Data Systems … (nasdaq.com)
- Amkor Technology, Inc. (AMKR) noted a price change of 3.88% and Zayo Group Holdings, Inc. (ZAYO) closes with a … - Stocks Gallery (stocksgallery.com)
A number of brokerages recently weighed in on ZAYO. Zacks Investment Research lowered shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Cowen and Company restated an “outperform” rating on shares of Zayo Group Holdings in a report on Wednesday, April 19th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $42.00 price objective (up from $36.00) on shares of Zayo Group Holdings in a report on Friday, May 12th. CIBC boosted their price objective on shares of Zayo Group Holdings from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Citigroup Inc. boosted their price objective on shares of Zayo Group Holdings from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.85.
Shares of Zayo Group Holdings (NYSE ZAYO) traded down 1.02% during midday trading on Friday, reaching $33.82. 1,957,694 shares of the company’s stock were exchanged. Zayo Group Holdings has a one year low of $27.74 and a one year high of $35.65. The firm has a market cap of $8.31 billion, a PE ratio of 260.15 and a beta of 0.56. The stock’s 50-day moving average is $31.69 and its 200 day moving average is $32.26.
Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Zayo Group Holdings had a net margin of 1.53% and a return on equity of 5.47%. The business had revenue of $550.20 million during the quarter, compared to the consensus estimate of $545.63 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts anticipate that Zayo Group Holdings will post $0.39 EPS for the current year.
In other news, CEO Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $32.38, for a total transaction of $4,999,536.76. Following the completion of the sale, the chief executive officer now directly owns 4,608,165 shares in the company, valued at $149,212,382.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth Desgarennes sold 38,885 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $31.82, for a total transaction of $1,237,320.70. Following the transaction, the chief financial officer now directly owns 1,084,688 shares of the company’s stock, valued at approximately $34,514,772.16. The disclosure for this sale can be found here. Insiders have sold 637,306 shares of company stock valued at $20,270,946 over the last quarter. Insiders own 5.80% of the company’s stock.
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About Zayo Group Holdings
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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