Insider Buying: CyrusOne CEO Acquires 10,000 Shares of Stock (CONE)
CyrusOne (NASDAQ:CONE) CEO Gary J. Wojtaszek bought 10,000 shares of the stock on the open market in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $22.81 per share, for a total transaction of $228,100.00. Following the transaction, the chief executive officer now directly owns 480,965 shares of the company’s stock, valued at approximately $10,970,812. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CyrusOne (NASDAQ:CONE) traded down 0.09% on Tuesday, hitting $22.75. The stock had a trading volume of 69,501 shares. CyrusOne has a one year low of $17.41 and a one year high of $23.44. The stock has a 50-day moving average of $21.45 and a 200-day moving average of $21.52. The company’s market cap is $515.9 million.
CyrusOne (NASDAQ:CONE) last released its earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $77.50 million for the quarter, compared to the consensus estimate of $74.29 million. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts expect that CyrusOne will post $0.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, June 25th.
CONE has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of CyrusOne from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $22.50 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of CyrusOne from $25.00 to $27.00 in a research note on Friday, May 9th. Finally, analysts at Cowen and Company raised their price target on shares of CyrusOne from $27.00 to $32.00 in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. CyrusOne currently has an average rating of “Buy” and a consensus price target of $26.90.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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