In today’s session CyrusOne Inc (CONE) recorded an unusually high (596) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CONE decrease. With 596 contracts traded and 844 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CONE161118P00045000 closed last at: $2.7 or 260% up. The stock decreased 0.25% or $0.12 during the last trading session, hitting $47.57. CyrusOne Inc (NASDAQ:CONE) has risen 0.56% since March 29, 2016 and is uptrending. It has underperformed by 2.91% the S&P500.
Analysts await CyrusOne Inc (NASDAQ:CONE) to report earnings on November, 3. They expect $0.64 EPS, up 12.28% or $0.07 from last year’s $0.57 per share. CONE’s profit will be $53.41 million for 18.58 P/E if the $0.64 EPS becomes a reality. After $0.67 actual EPS reported by CyrusOne Inc for the previous quarter, Wall Street now forecasts -4.48% negative EPS growth.
CyrusOne Inc (NASDAQ:CONE) Ratings Coverage
Out of 10 analysts covering Cyrusone Inc (NASDAQ:CONE), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $63 is the highest target while $37 is the lowest. The $53.50 average target is 12.47% above today’s ($47.57) stock price. Cyrusone Inc has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wells Fargo initiated the shares of CONE in a report on Wednesday, June 1 with “Outperform” rating. JP Morgan maintained the stock with “Overweight” rating in Thursday, March 24 report. The firm has “Buy” rating given on Tuesday, August 11 by Deutsche Bank. The firm has “Overweight” rating by JP Morgan given on Tuesday, December 22. On Friday, February 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained it with “Outperform” rating and $40 target price in Monday, November 9 report. The stock of CyrusOne Inc (NASDAQ:CONE) earned “Buy” rating by Jefferies on Thursday, August 11. The rating was downgraded by Gabelli on Thursday, August 20 to “Hold”. The firm earned “Overweight” rating on Thursday, August 18 by Barclays Capital. Stifel Nicolaus maintained the shares of CONE in a report on Thursday, February 25 with “Buy” rating.
According to Zacks Investment Research, “CyrusOne Inc. is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia. CyrusOne Inc. is headquartered in Carrollton, United States.”
Insitutional Activity: The institutional sentiment decreased to 1.28 in Q2 2016. Its down 0.18, from 1.46 in 2016Q1. The ratio fall, as 25 funds sold all CyrusOne Inc shares owned while 88 reduced positions. 65 funds bought stakes while 80 increased positions. They now own 72.22 million shares or 2.15% less from 73.81 million shares in 2016Q1.
Wesley Limited Company holds 1.06% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 16,400 shares. Comml Bank Of America Corp De owns 714,576 shares or 0.01% of their US portfolio. Great West Life Assurance Can last reported 16,979 shares in the company. Moreover, Wells Fargo And Com Mn has 0% invested in CyrusOne Inc (NASDAQ:CONE) for 91,836 shares. Friess Assocs Ltd Liability Corporation holds 0.03% or 4,640 shares in its portfolio. Growth Mngmt Limited Partnership, a Massachusetts-based fund reported 1.03M shares. Alliancebernstein Lp holds 0% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 56,546 shares. Bb&T Limited Liability Corporation has 0.01% invested in the company for 5,879 shares. Kbc Grp Nv reported 183,928 shares or 0.15% of all its holdings. Teacher Retirement System Of Texas, a Texas-based fund reported 9,922 shares. Rafferty Asset Mgmt Limited Liability Company accumulated 7,618 shares or 0.03% of the stock. M&T Bank Corp accumulated 5,750 shares or 0% of the stock. Allianz Asset Mngmt Ag, a Germany-based fund reported 1.33M shares. The Georgia-based Voya Invest Limited Liability Corporation has invested 0.04% in CyrusOne Inc (NASDAQ:CONE). Hilltop Hldgs Inc last reported 18,125 shares in the company.
CyrusOne Inc. is a real estate investment trust. The company has a market cap of $3.97 billion. The Firm is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. It has a 511.51 P/E ratio. The Company’s data centers are generally purpose-built facilities with redundant power and cooling.
CONE Company Profile
CyrusOne Inc., incorporated on July 31, 2012, is a real estate investment trust. The Firm 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 the CyrusOne footprint and beyond. The Firm has data centers in the United States, London and Singapore. The Firm provides mission-critical data center facilities that protect and ensure the continued operation of information technology (IT) infrastructure for approximately 930 clients in over 30 data centers and approximately two recovery centers in over 10 distinct markets, collectively providing approximately 2,954,000 net rentable square feet (NRSF).
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