|Bid||0.00 x 1300|
|Ask||0.00 x 3000|
|Day's Range||27.88 - 28.30|
|52 Week Range||20.27 - 39.66|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||60.08|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.60|
Cove Street Capital disclosed on March 12 that it had purchased 653,546 shares of the senior-living communities operator from Jan. 17 to March 11, at prices ranging from $3.86 to $7.87. Cove Street now owns 10.5% of the company, equal to 3,279,584 shares. Within the same disclosure, it wrote that it had been in discussions with Capital Senior Living’s board concerning its composition.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...
The Virginia Democrat sold at least $750,000 of Zayo stock and at least $1 million of Charter stock. Both stocks are rebounding this year.
Zayo Group (ZAYO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zayo Board of Directors and management team welcome the views of all the Company’s shareholders and value constructive input toward the common goal of enhancing the creation of shareholder value. While the Company does not comment on discussions with specific shareholders, it is important to note that members of the Company’s Board and management team are in active dialogue with many of our top investors in an effort to understand their views. On March 6, Zayo indefinitely postponed its Analyst Day, previously scheduled for March 14, 2019, to allow the Board and management team time to evaluate strategic alternatives that may enhance shareholder value.
shares traded higher Thursday, extending gains for second consecutive session, after activist shareholder Starboard Value LP disclosed a 4% stake in the communications infrastructure provider. Starboard revealed its stake earlier this week and sent a letter to Zayo CEO Dan Caruso and the company's board Thursday encouraging them to consider a sale. UBS analyst John Hodulik said an offer in the "mid $30s could meet private equity return hurdles", based on his leveraged buyout model.
The New York-based hedge fund owns 4 percent of Zayo and supports its announcement this week to explore strategic alternatives, Starboard said in a letter Thursday to Zayo Chief Executive Officer Dan Caruso. “Given Zayo’s historical performance and valuation discount, a sale of the company may be the best option to maximize shareholder value,” Starboard Managing Member Peter Feld said. Activist investor Sachem Head Capital Management has also called for a sale.
Concerned by Poor Operating Performance and Recent Pattern of Events Believes Zayo is Deeply Undervalued and Multiple Paths Exist to Unlock Value Supports Full and Fair Process to Explore Strategic Alternatives ...
Zayo Group (NYSE:ZAYO) postponed its analyst meeting that was scheduled for next week due to the company's board and management considering other ways to bolster shareholder value.Source: Shutterstock The Boulder, Colo.-based internet service providers company said that it will no longer be holding its March 14 meeting as it needs more time to explore the alternatives to add shareholder value. This exploration of its options is expected to take at least a few weeks, but perhaps months.Zayo Group's announcement comes off the heel of reports claiming that the business is attracting investor interest in regards to its fibre infrastructure assets. This is a continuation of the company unveiling last year that it planned on splitting into two companies, with the first taking control of its network infrastructure, while the other paid heed to its managed services.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business added that its plan is to focus on its infrastructure business, which regularly brings in positive cash flow and strong margins. "Whether public or private, this will remain Zayo's focus and we will continue to expand the depth and breadth of our fiber infrastructure," said CEO Dan Caruso in a statement.Late last year, some reports suggested that the company has attracted interest from private equity and investment funds regarding a takeover. Hedge fund Sachem Head Capital Management reportedly wrote to Zayo, asking it to explore a sale.ZAYO stock is up roughly 12.4% on Wednesday following the news. More From InvestorPlace * 7 Top-Rated Stocks to Buy for March * 7 Chinese Stocks to Buy for the 2019 Rebound * 9 Trade War Stocks to Sell on U.S.-China Deal News Compare Brokers The post Zayo Group News: Why ZAYO Stock Is Soaring Today appeared first on InvestorPlace.
The group, led by Digital Colony and investment firm EQT, has fully committed debt financing, said the person, who asked not to be named because the matter is private. A Digital Colony representative didn’t immediately respond to a request for comment, and an EQT representative declined to comment. Its shares rose almost 11 percent on Wednesday after the company said it’s “evaluating strategic alternatives.” They gave up some of those gains during the morning, then surged almost 12 percent as of 11:05 a.m. in New York, after Bloomberg reported Digital Colony’s interest, boosting Zayo’s market value to $6.4 billion.
The spike in Zayo comes after a tough year in which the communications infrastructure company, which runs a fiber optic network in North American and Europe that spans 130,865 miles, saw its stock price lose more than a third of its value. In a statement, Dan Caruso, Zayo's chairman and CEO of the Boulder, Colo.-based company, appeared to indicate a willingness to entertain offers that would take the company private.
Reuters reported last month that activist hedge fund Sachem Head Capital Management had urged Zayo to explore a sale after it rejected acquisition offers from a consortium of private equity firms, including Blackstone Group LP. Zayo, with a market value of just under $6 billion, operates a 130,865-mile optical fibre network in North America and Europe that helps connect data centres and also serves wireless and landline phone companies. If the private equity firms succeed in acquiring Zayo, it would represent one of the largest leveraged buyouts of the year.
Zayo Group Holdings Inc. shares soared 8.6% in premarket trade Wednesday, after the communications infrastructure company postponed an analyst day and said its management is evaluating its strategic options. The Boulder, Colorado-based company, which has fiber networks in North America and Europe, said it will continue to focus on its communications infrastructure business, which is generating positive operating cash flow, EBITDA margins and investing in network expansions. "Whether public or private, this will remain Zayo's focus and we will continue to expand the depth and breadth of our fiber infrastructure," the company said in a statement. Shares have fallen 32.6% in the last 12 months, while the S&P 500 has gained 2.3%.
Zayo Group Holdings, Inc. (ZAYO) (“Zayo” or the “Company”) today announced that the Company is postponing its Analyst Day scheduled for March 14, 2019, in Boulder, Colorado. The Board of Directors and management are currently evaluating strategic alternatives that may enhance shareholder value. The Company is postponing its Analyst Day to allow time to explore these alternatives, while retaining focus on execution and driving organic growth.
Zayo's (ZAYO) wavelengths solution provides resolute bandwidth, security and latency to help its customers scale up their infrastructure to address business requirements in a seamless manner.
Zayo Group Holdings, Inc. (ZAYO) has been selected by a global fintech leader for a wavelengths solution for its core backbone network. The customer, which continues to scale to accommodate recent growth, requires additional capacity to deliver a consistent user experience. Increasingly, fintech companies are bringing new technologies to consumers and businesses over traditional and mobile platforms.
Moody's Investors Service (Moody's) confirmed the B2 corporate family rating (CFR) and the B2-PD probability of default rating (PDR) of Zayo Group, LLC (Zayo). This concludes the review that was initiated on November 8, 2018 when Zayo announced its plans to separate into two publicly-traded companies. The confirmation of the ratings reflects Zayo's decision to terminate its previously contemplated plans and to remain a single company with redesigned segments to simplify execution and optimize value over time.
NEW YORK, Feb. 25, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Zayo Group Holdings, Inc. announced today that executives from the company will present at two investor conferences in February. The links to the live webcasts for the conferences will be made available through the Investor Relations section of the Company’s website at: http://investors.zayo.com.