Analyst Research Summary: CyrusOne Inc. (NASDAQ:CONE)

CyrusOne Inc. (NASDAQ:CONE) stock is presently standing at about $50.30 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 14 analysts covering the company is $56.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $61.00, which implies a rally of 79 percent. And a quick view of analyst notes show that 8 are rating the stock a buy while 6 rate CONE a strong buy. There are 2 equity research firms advocating a Hold and 1 consider it Sell.

Citigroup analysts provided their view on CyrusOne Inc. (NASDAQ:CONE) recently. The rating firm issued a Sell rating to this company in a research note released on Jan 25, 2017. Guggenheim analysts disclosed their opinion on CyrusOne Inc. (NASDAQ:CONE) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 02, 2016. According to a research note disclosed on Aug 18, 2016, analysts at Barclays have upped their rating on these shares from Equal Weight to Overweight.

CyrusOne Inc. (NASDAQ:CONE) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its CHIEF COMMERCIAL OFFICER Durvasula Venkatesh S. sold 20,000 company shares for 959600, in a transaction on 2017-02-01. Following the transaction, the CHIEF COMMERCIAL OFFICER is left with a stake of 262,518 shares, currently valued at $13204655. Meanwhile, CHIEF COMMERCIAL OFFICER Durvasula Venkatesh S. sold 6,737 shares worth $299860, through a transaction dated 2016-12-15. Following the completion of the transaction, the insider is left with a stake of 283,081 shares, amounting $14238974.3. CONE CHIEF TECHNOLOGY OFFICER Timmons Kevin L also sold 42,000 shares, at a stock price of $42.24. This transaction occurred on 2016-11-03 totals $1774080. After this transaction, the insider’s stake stands at 197,545 shares, with a market value of $9936514.

Executives hold 2.27 percent of the stock. Mr. Gary J. Wojtaszek is one of the biggest insider owners in CyrusOne Inc. (NASDAQ:CONE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 561,721 shares which have current market value of around $28254566.3.Venkatesh S. Durvasula is another major inside shareholder in the company. The insider owns 254,277 shares as of 0.29%, currently worth $12790133.1. Mr. Thomas W. Bosse is ranked as third insider holder of the stock. This insider holds 190,193 shares with a market value around $9566707.9 as of recent close.

CyrusOne Inc. (NASDAQ:CONE) Earnings Outlook

In CyrusOne Inc. (NASDAQ:CONE)’s latest quarter, EPS moved to $0.01 from $0.05 in preceding quarter and revenues reached at $137.40M compared to $143.80M. Analysts had expected CyrusOne Inc. (NASDAQ:CONE) to post net income of about $0.02 per share on $136.28M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.03 to $0.15. That is compared with the $0.07 in EPS it reported during the same period a year ago.

Elbert Edwards: