CyrusOne Sees Significant Increase in Short Interest (CONE)
Shares of CyrusOne (NASDAQ:CONE) were the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 912,824 shares, an increase of 40.3% from the July 15th total of 650,720 shares, Analyst Ratings Net reports. Based on an average daily volume of 582,542 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.6% of the company’s shares are sold short.
CONE has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of CyrusOne in a research note on Thursday, August 7th. They now have a $30.00 price target on the stock, up previously from $26.00. Separately, analysts at Morgan Stanley raised their price target on shares of CyrusOne to $27.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of CyrusOne from $27.00 to $30.00 in a research note on Tuesday, August 5th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.75.
CyrusOne (NASDAQ:CONE) opened at 25.47 on Thursday. CyrusOne has a 1-year low of $17.41 and a 1-year high of $26.58. The stock has a 50-day moving average of $25.26 and a 200-day moving average of $22.62. The company’s market cap is $984.7 million.
CyrusOne (NASDAQ:CONE) last released its earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.10. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $79.42 million. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. On average, analysts predict that CyrusOne will post $-0.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, September 24th.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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