Cyrusone Inc Sentiment Worsening on Low Stock Potential

CyrusOne Inc. (NASDAQ:CONE) Logo

Sentiment for Cyrusone Inc (NASDAQ:CONE)

Cyrusone Inc (NASDAQ:CONE) institutional sentiment decreased to 1.43 in 2018 Q4. Its down -0.12, from 1.55 in 2018Q3. The ratio worsened, as 166 investment professionals started new or increased positions, while 116 cut down and sold holdings in Cyrusone Inc. The investment professionals in our partner’s database now possess: 109.82 million shares, up from 102.88 million shares in 2018Q3. Also, the number of investment professionals holding Cyrusone Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 39 Reduced: 77 Increased: 126 New Position: 40.

CyrusOne Inc., a real estate investment trust , owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. The company has market cap of $7.21 billion. The firm provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure. It has a 143.84 P/E ratio. The Company’s clients operate in various industries, including information technology, financial services, energy, gas and oil, mining, medical, and consumer goods and services.

The stock increased 1.22% or $0.77 during the last trading session, reaching $63.72. About 656,865 shares traded. CyrusOne Inc. (NASDAQ:CONE) has risen 1.93% since May 17, 2018 and is uptrending. It has underperformed by 2.44% the S&P500.

Analysts await CyrusOne Inc. (NASDAQ:CONE) to report earnings on August, 7. They expect $0.80 EPS, down 1.23 % or $0.01 from last year’s $0.81 per share. CONE’s profit will be $90.51 million for 19.91 P/E if the $0.80 EPS becomes a reality. After $0.82 actual EPS reported by CyrusOne Inc. for the previous quarter, Wall Street now forecasts -2.44 % negative EPS growth.

Crosslink Capital Inc holds 3.32% of its portfolio in CyrusOne Inc. for 222,750 shares. Cbre Clarion Securities Llc owns 3.73 million shares or 3.21% of their US portfolio. Moreover, Santa Barbara Asset Management Llc has 2.25% invested in the company for 2.64 million shares. The Connecticut-based Endeavour Capital Advisors Inc has invested 2.23% in the stock. Act Ii Management Lp, a New York-based fund reported 45,000 shares.

Since January 1, 0001, it had 2 insider purchases, and 0 sales for $299,337 activity.

CyrusOne Inc. (NASDAQ:CONE) Ratings Coverage

Ratings analysis reveals 63% of CyrusOne’s analysts are positive. Out of 8 Wall Street analysts rating CyrusOne, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $52 while the high is $70. The stock’s average target of $60.63 is -4.85% below today’s ($63.72) share price. CONE was included in 12 notes of analysts from January 2, 2019. The stock of CyrusOne Inc. (NASDAQ:CONE) earned “Buy” rating by MUFG Securities Americas Inc on Thursday, February 21. Credit Suisse downgraded CyrusOne Inc. (NASDAQ:CONE) rating on Monday, February 25. Credit Suisse has “Neutral” rating and $52 target. The stock has “Hold” rating by Deutsche Bank on Friday, March 8. The stock of CyrusOne Inc. (NASDAQ:CONE) has “Buy” rating given on Thursday, February 21 by SunTrust. The firm has “Buy” rating given on Tuesday, March 19 by RBC Capital Markets. The stock of CyrusOne Inc. (NASDAQ:CONE) earned “Buy” rating by Stifel Nicolaus on Friday, February 22. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, February 20 report. The stock has “Neutral” rating by Bank of America on Wednesday, January 2. Jefferies downgraded CyrusOne Inc. (NASDAQ:CONE) on Friday, February 22 to “Hold” rating.

More notable recent CyrusOne Inc. (NASDAQ:CONE) news were published by: Nasdaq.com which released: “Is Cone Midstream Partners (CNXM) a Good Value Investor Pick? – Nasdaq” on May 14, 2019, also Nasdaq.com with their article: “CoreSite Announces Hyperscale Leasing at Santa Clara Campus – Nasdaq” published on May 15, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 7, 2019 – Benzinga” on May 07, 2019. More interesting news about CyrusOne Inc. (NASDAQ:CONE) were released by: Nasdaq.com and their article: “CyrusOne (CONE) Surpasses Q1 FFO Estimates – Nasdaq” published on May 01, 2019 as well as Nasdaq.com‘s news article titled: “CyrusOne Inc (CONE) Ex-Dividend Date Scheduled for March 28, 2019 – Nasdaq” with publication date: March 27, 2019.

CyrusOne Inc. (NASDAQ:CONE) Institutional Positions Chart

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