$182.48 Million in Sales Expected for CyrusOne Inc (CONE) This Quarter

Wall Street brokerages expect that CyrusOne Inc (NASDAQ:CONE) will report sales of $182.48 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for CyrusOne’s earnings. The highest sales estimate is $184.60 million and the lowest is $177.50 million. CyrusOne reported sales of $137.40 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32.8%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that CyrusOne will report full-year sales of $182.48 million for the current year, with estimates ranging from $669.00 million to $676.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $808.14 million per share, with estimates ranging from $785.15 million to $835.67 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover CyrusOne.

A number of brokerages have weighed in on CONE. Morgan Stanley boosted their price target on CyrusOne from $63.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a research report on Friday, November 10th. Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. UBS Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Finally, Cowen reaffirmed a “buy” rating and issued a $78.00 price target on shares of CyrusOne in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $66.92.

Several hedge funds and other institutional investors have recently bought and sold shares of CONE. IFP Advisors Inc lifted its position in shares of CyrusOne by 232.6% during the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 1,198 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of CyrusOne by 3,032.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,850 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of CyrusOne during the 4th quarter worth about $127,000. PNC Financial Services Group Inc. lifted its position in shares of CyrusOne by 32.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 751 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of CyrusOne during the 3rd quarter worth about $202,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Shares of CyrusOne (CONE) opened at $52.08 on Tuesday. CyrusOne has a 12-month low of $46.41 and a 12-month high of $65.73. The firm has a market capitalization of $4,760.00, a PE ratio of -53.14, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.

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About CyrusOne

CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.

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Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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