CyrusOne Inc (NASDAQ:CONE) is reporting second quarter financial results on Wednesday 29th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CONE is expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 251.78 million.
For the full year, analysts anticipate top line of $ 1028.90 million, while looking forward to income of $ 0.14 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,010.00 million ~ $ 1,045.00 million, where as bottomline are predicted in a range of $ 3.75 ~ $ 3.90 per share
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Previous Quarter Performance
CyrusOne Inc unfold income for the first quarter of $ 0.97 per share, from the revenue of $ 245.90 million. The quarterly earnings swell 18.29 percent while revenues improved 6.39 percent compared with the same quarter last year. Street analysts expected $ 249.03 million. The top line results fell short of analysts by $ 3.13 million or 1.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CONE was $ 80.52, representing a 84.17 % increase from the 52 week low of $ 43.72 and a 1.19 % decrease over the 52 week high of $ 81.49.
The company has a market capital of $ 9.28 billion and is part of the Real Estate sector and REIT – Diversified industry.
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Recent Analyst recommendations
- On 15th July 2020, maintained by SunTrust Robinson Humphrey at Buy rating, with $ 90.00 target price.
- On 15th July 2020, initiated by Barclays at Equal-Weight rating, with $ 82.00 target price.
- On 10th July 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 85.00 target price.
- On 30th June 2020, downgraded by KeyBanc to Sector Weight from Overweight rating.
- On 23rd June 2020, maintained by Raymond James at Outperform rating, with $ 82.00 target price.
Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.50 per share to holders of record as of the close of business on June 26, 2020, with payment date of July 10, 2020 and ex-dividend date on June 25, 2020.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies. With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth.
