CyrusOne Inc. (CONE): Analysis on latest insider activities

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CyrusOne Inc. (NASDAQ:CONE) changes shares on Tuesday trading session, with a change of 1.06% or $0.89 shares. The trading starts at $83.66 and closed at $83.91 throughout the day. The trading session low price was $83.30 and day high was $84.85 on Tuesday, August 04. After the session, the Real Estate sector daily volume shifted to 0.74 million while its average volume is 1.18M. In other hand, the CONE market cap reached to $9.74B. While, its current target price is $81.06.

On May 21, 2018, BRIEF-Cyrusone Says On May 17, Co’s Unit, Ztl Seller Rep, Entered Amendment To Sale And Purchase Agreement. According to the news reported on Reuters, * CYRUSONE – ON MAY 17, CO’S UNIT, ZTL SELLER REP, ENTERED AMENDMENT TO PREVIOUSLY DISCLOSED SALE AND PURCHASE AGREEMENT, DATED DECEMBER 21, 2017

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.32% and up 12.42% for month. Its quarterly performance was 19.18% above, while its half year performance is up 34.09%. CONE yearly performance stood at positive 36.97% and rise 29.60% for year-to-date. Current recommendation for CyrusOne Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CONE EPS (TTM) for 12-month is -0.30. EPS for this year is -58.30%, while for the next year its value is 0.22. Its EPS Q/Q reached 605.60%. It has an EPS of 26.40% up for past five years.

Let’s take a look on the analyst recommendations on CONE for the current month and previous month. For the current month, 11 of 21 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 1 as underweight and 8 as Hold. As compared with the previous month ratings, 20 analysts participate in stock recommendation. Out of 20, 0 rated it sell, 11 rated it as Buy and 8 as Hold Ratings. On the other hand, target price ranges from $69.00 – $92.00. Average target price for CONE was reached at $83.44.

Vanguard Group, Inc. (The), Blackrock Inc. and Cohen & Steers Inc. are the top three holders in CyrusOne Inc. (CONE) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 17.08 million shares which valued 1.05 billion. On Mar 30, 2020, Blackrock Inc. owned 13.74 million shares which valued at 848.51 million. On Mar 30, 2020, Cohen & Steers Inc. has a total of 4.76 million shares which valued at 293.83 million. In the end, Cohen & Steers Inc. have 4.13% shares outstanding of CyrusOne Inc. (CONE) on Mar 30, 2020. The insider ownership moved to 0.60%.

The company posted an EPS (TTM) of -0.30. According to the most recent quarter report on (Sep 2020), 13 analysts estimated an average EPS of -0.02, while 0.11 EPS posted a year ago period. Analyst Estimated EPS for CONE published in the report was -$0.27 – $0.09 during the same period. Comparing with last year, the average estimated EPS was 0.11 which is lower than 0.39 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CONE rise 25.34% for period of 200 days. SMA for 50 days was 11.60% which is showing green signal, while SMA-20 was 8.49%. The moving average value for CyrusOne Inc. (CONE) is 68.42 and 77.25 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CONE stock. On Jul 01, Timmons Kevin L, EVP & Chief Technology Officer, sold 5,000 trading shares at the cost of $72.16, which valued at 0.36 million. On Jun 16, Jackson Robert M, EVP & General Counsel, sold 24,164 shares at the cost of $75.39, with total shares of 24,478. On Jun 01, Timmons Kevin L, EVP & Chief Technology Officer, sold 5,000 shares at the cost of 73.45. After this transaction, Timmons Kevin L total shares reached to 43,492 which valued at 0.37 million.