CyrusOne (NASDAQ:CONE) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.18-3.28 for the period, compared to the Thomson Reuters consensus estimate of $3.39. The company issued revenue guidance of $810-825 million, compared to the consensus revenue estimate of $798.17 million.
Several analysts recently commented on the company. BidaskClub lowered CyrusOne from a sell rating to a strong sell rating in a report on Saturday. Mitsubishi UFJ Financial Group raised CyrusOne from a neutral rating to an overweight rating in a report on Tuesday, October 31st. UBS Group raised CyrusOne from a neutral rating to an overweight rating in a report on Thursday, November 2nd. Cowen reaffirmed a buy rating and set a $78.00 target price on shares of CyrusOne in a report on Wednesday, November 1st. Finally, Barclays reaffirmed a buy rating and set a $69.00 target price on shares of CyrusOne in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. CyrusOne presently has an average rating of Buy and an average target price of $66.92.
Shares of CyrusOne (NASDAQ CONE) traded down $1.56 on Wednesday, reaching $48.81. The company’s stock had a trading volume of 2,251,788 shares, compared to its average volume of 1,219,387. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. CyrusOne has a one year low of $46.41 and a one year high of $65.73. The firm has a market capitalization of $4,460.00, a price-to-earnings ratio of -49.81, a P/E/G ratio of 0.84 and a beta of 0.70.
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CyrusOne Company Profile
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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