CONE - CyrusOne Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
77.57
+1.36 (+1.78%)
At close: 4:00PM EDT
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Previous Close76.21
Open76.33
Bid52.49 x 1300
Ask0.00 x 900
Day's Range76.01 - 77.99
52 Week Range48.94 - 79.73
Volume1,327,787
Avg. Volume922,196
Market Cap8.78B
Beta (3Y Monthly)0.43
PE Ratio (TTM)N/A
EPS (TTM)-0.64
Earnings DateOct 28, 2019 - Nov 1, 2019
Forward Dividend & Yield2.00 (2.69%)
Ex-Dividend Date2019-09-26
1y Target Est70.97
Trade prices are not sourced from all markets
  • CyrusOne Inc. (NASDAQ:CONE) Is About To Go Ex-Dividend, And It Pays A 0.6% Yield
    Simply Wall St.

    CyrusOne Inc. (NASDAQ:CONE) Is About To Go Ex-Dividend, And It Pays A 0.6% Yield

    CyrusOne Inc. (NASDAQ:CONE) stock is about to trade ex-dividend in 3 days time. You can purchase shares before the...

  • Dallas-based REIT planning its largest local data center to date
    American City Business Journals

    Dallas-based REIT planning its largest local data center to date

    CyrusOne Inc., a Dallas-based real estate investment trust, is planning a two-story, 206,310-square-foot data center off Zeta Drive near Potranco Road and the Texas Business Park, according to a document submitted to the Texas Department of Licensing and Regulation. CyrusOne (Nasdaq: CONE) bought the 16-acre plot in January from the Texas Research & Technology Foundation. Dallas-based architecture firm Corgan is designing it.

  • TheStreet.com

    Cloud Data Center Construction Boom Is Good News for Chip and Hardware Suppliers

    As cloud giants digest some of their past investments in hardware and chips, they're still investing heavily in growing their data center capacity. That's ultimately a positive for data center REITs and chip suppliers with cloud exposure.

  • CyrusOne gets interest from rival Digital Realty as possible bidders gather, report says
    American City Business Journals

    CyrusOne gets interest from rival Digital Realty as possible bidders gather, report says

    CyrusOne is drawing interest from one of its competitors as it considers selling itself, according to a new report.

  • Bloomberg

    CyrusOne Draws Interest From Rival Digital Realty

    (Bloomberg) -- New suitors have emerged for CyrusOne Inc., the data-center company exploring a sale.The Dallas-based real estate investment trust has drawn interest from rival Digital Realty Trust Inc., according to people familiar with the matter. The investment firms EQT Partners and Digital Colony Partners have also partnered to pursue a potential deal for the company, said the people, who asked to not be identified because the matter isn’t public.Discussions are ongoing and may not lead to a deal, the people said.CyrusOne, which began exploring options with advisers this summer after receiving takeover interest, closed up 2.6% in New York trading Thursday, for a market value of about $8.6 billion. The shares have gained more than 53% this year.Representatives for Digital Colony, Digital Realty and EQT declined to comment. Representatives for CyrusOne didn’t immediately respond to requests for comment.A bidder group including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital was also considering an offer for CyrusOne, Bloomberg reported last month.Demand for data center assets has intensified as infrastructure managers flush with cash look to capitalize on the trend of companies relying on third parties for managing their data. REITS that specialize in data centers have also been seeking to expand globally through acquisitions.Founded in 2001, CyrusOne has a network of 48 data centers serving about 1,000 customers in the U.S., the U.K., Singapore and Germany, according to its most recent annual report.Digital Colony is a communications infrastructure-focused investment firm and EQT is one of the largest buyout firms in Europe. In May, they partnered to buy fiber network owner Zayo Group Holdings Inc. for more than $8 billion.Digital Realty, like CyrusOne, is a REIT focused on data centers. Last year, it acquired Brazil’s Ascenty for about $1.8 billion.Brookfield, among the world’s largest alternative-asset managers, has also been increasing its technology-related infrastructure bets, buying a portfolio of data centers from AT&T Inc. last year for $1.1 billion.(Updates share price in third paragraph.)\--With assistance from Scott Deveau.To contact the reporters on this story: Nabila Ahmed in New York at nahmed54@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Alan Goldstein at agoldstein5@bloomberg.net, Matthew Monks, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    CyrusOne Breaks Ground on Largest Colocation Data Center in Dublin, Ireland

    CyrusOne (CONE), a premier global data center REIT, has celebrated breaking ground for its first data center campus in Dublin, Ireland. Tesh Durvasula, CyrusOne’s President - Europe, hosted an event this week to mark the beginning of construction for its new Dublin I data center site, where guests included senior representatives from local government, residents and industry leaders.

  • Digital Realty Reports $1.4B Data-Center Portfolio Trades
    Zacks

    Digital Realty Reports $1.4B Data-Center Portfolio Trades

    Digital Realty (DLR) forms JV with an entity jointly owned by Mapletree Investments and Mapletree Industrial Trust for three data centers. Also, by selling 10 facilities, it will shrink asset base.

  • Moody's

    CyrusOne L.P. -- Moody's upgrades CyrusOne LP's ratings to Ba1, outlook is stable

    Moody's Investors Service ("Moody's") has upgraded CyrusOne L.P.'s senior unsecured and corporate family ratings to Ba1 from Ba2. The upgrade reflects a meaningful increase in the REIT's scale of operations, improvement in earnings quality, moderate leverage ratios and continued demand for data center assets. In the same action, Moody's assigned a speculative grade liquidity rating of SGL-2 to CyrusOne L.P. The rating outlook has been revised to stable from positive.

  • Digital Realty Banks on London Tech Boom, Opens New Facility
    Zacks

    Digital Realty Banks on London Tech Boom, Opens New Facility

    Digital Realty's (DLR) latest facility launch comes as part of the company's effort to capitalize on the multibillion-pound technology boom that London is set to experience marching ahead.

  • Business Wire

    CyrusOne Inc. to Present at Bank of America Merrill Lynch 2019 Global Real Estate Conference

    CyrusOne Inc. , a premier global data center REIT, today announced that it will present at the Bank of America Merrill Lynch 2019 Global Real Estate Conference being held September 10-11, 2019, at The Wagner at Battery Park in New York, NY.

  • CyrusOne (CONE) is an Incredible Growth Stock: 3 Reasons Why
    Zacks

    CyrusOne (CONE) is an Incredible Growth Stock: 3 Reasons Why

    CyrusOne (CONE) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • CyrusOne (CONE) Upgraded to Buy: Here's Why
    Zacks

    CyrusOne (CONE) Upgraded to Buy: Here's Why

    CyrusOne (CONE) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Equinix (EQIX) to Offer Colocation Services for VMware Cloud
    Zacks

    Equinix (EQIX) to Offer Colocation Services for VMware Cloud

    Equinix (EQIX) and VMware expand partnership to develop solutions that will help firms accelerate hybrid cloud transformations.

  • Business Wire

    CyrusOne Selected by Data Canopy to Expand Their Data Center Capabilities in the United States

    Data Canopy brings hybrid infrastructure solution offering to Cincinnati, OH; Dallas, TX; and Raleigh, NC

  • Here's Why You Should Hold Digital Realty (DLR) Stock Now
    Zacks

    Here's Why You Should Hold Digital Realty (DLR) Stock Now

    Though data-center demand surge will fuel Digital Realty's (DLR) growth, with the company also being well poised to bank on accretive buyouts and development moves, pricing pressure will linger.

  • CyrusOne Inc. (CONE) Shares March Higher, Can It Continue?
    Zacks

    CyrusOne Inc. (CONE) Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in CyrusOne Inc. (CONE).

  • CyrusOne (CONE) Catches Eye: Stock Jumps 8.2%
    Zacks

    CyrusOne (CONE) Catches Eye: Stock Jumps 8.2%

    CyrusOne (CONE) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

  • CyrusOne (CONE) is a Great Momentum Stock: Should You Buy?
    Zacks

    CyrusOne (CONE) is a Great Momentum Stock: Should You Buy?

    Does CyrusOne (CONE) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Looking for a Growth Stock? 3 Reasons Why CyrusOne (CONE) is a Solid Choice
    Zacks

    Looking for a Growth Stock? 3 Reasons Why CyrusOne (CONE) is a Solid Choice

    CyrusOne (CONE) possesses solid growth attributes, which could help it handily outperform the market.

  • MarketWatch

    Data REIT CyrusOne shares soar after report company is exploring a sale

    Shares of CyrusOne Inc. , a date center real estate investment trust, rose more than 8% Friday, after a Bloomberg report that the company is exploring a sale after drawing takeover interest. The news sent rivals higher with QTS Realty Trust Inc. up 3.3%, Digital Realty Trust up 2.7%, CoreSite Realty Corp. up 2.9% and Equinix Inc. up 1%. Wells Fargo analysts said the report is likely true and there is a reasonable probability the company will be taken private by a group of private infrastructure investors. Among the reasons that a take-private deal would make sense for CyrusOne is that investors have been paying premiums for hyperscale assets compared with where they would trade in public markets, the analysts wrote in a note to clients. They tend to take a longer-term investment horizon and are less focused on quarter-to-quarter volatility and could lever up the company to enable it more aggressively expand in Europe and other international markets, said the note. "On the other hand, CONE itself has noted that large hyperscale customers prefer to work with other public companies and that their access to public capital should open up dramatically once they get a second investment-grade rating," they said. CyrusOne is trading at abut 19 times Wells Fargo's next twelve month EBITDA estimate, which compares with Digital Realty's acquisition of REIT DuPont Fabros Technology , which came at a roughly 20 times multiple. "CyrusOne in many ways deserves a premium over DuPont Fabros given it has a strategic international platform, less customer concentration than DFT (which had a large pending rent roll-down with Facebook) and a more diversified business model," said the note. "On the other hand, this would be an acquisition of significant size for a private infrastructure consortium, which could merit a slight discount (for instance, ZAYO sold at a notable discount to many smaller-scale fiber assets)." CyrusOne shares have gained 32% in 2019, while the S&P 500 has gained 15%.

  • Dallas’ CyrusOne considers selling itself after interest from group that includes KKR, report says
    American City Business Journals

    Dallas’ CyrusOne considers selling itself after interest from group that includes KKR, report says

    Dallas-based CyrusOne (Nasdaq: CONE) is considering selling itself after receiving investor interest, according to a new report. The data center developer and operator is working with an adviser to evaluate strategic options, according to a Bloomberg report on Friday, which cited people familiar with the matter. A bidder group included KKR & Co. along with Stonepeak Infrastructure Partners and I Squared Capital, according to the report, which cited one of the people.

  • Who Has Been Selling CyrusOne Inc. (NASDAQ:CONE) Shares?
    Simply Wall St.

    Who Has Been Selling CyrusOne Inc. (NASDAQ:CONE) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • TheStreet.com

    CyrusOne Jumps on Report That Company Is Exploring Sale

    CyrusOne shares are rising more than 8% Friday after Bloomberg reported that the company is exploring a sale after receiving takeover interest from at least one potential suitor. The Dallas real estate investment trust specializing in data centers is working with an adviser to evaluate strategic options after it received takeover interest, sources told the news service. One of Bloomberg's sources said that a group including KKR & Co. , Stonepeak Infrastructure and I Squared Capital is mulling whether to bid for the company.

  • Business Wire

    CyrusOne Integrates Megaport Into London I Data Center, Giving Enterprises Seamless Access to Cloud Services

    CyrusOne, a premier global data center REIT, today announced it is expanding its partnership with Megaport Limited (MP1.AX), a global leading Network as a Service provider, and is deploying the full suite of Megaport services at its London I data center in Slough, U.K. Megaport’s elastic connectivity provides the flexibility to vary connectivity requirements based on actual demand. CyrusOne customers can order new cloud services, scale, and control in real-time, enabling them to deploy a network strategy in days and pay only for what they need.