New Lifetime High Reached: CyrusOne (CONE)

Trade-Ideas LLC identified CyrusOne (CONE) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

CyrusOne

(

CONE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified CyrusOne as such a stock due to the following factors:

  • CONE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $36.6 million.
  • CONE has traded 4,790 shares today.
  • CONE is trading at a new lifetime high.

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More details on CONE:

CyrusOne Inc., a real estate investment trust (REIT), owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. The stock currently has a dividend yield of 3.5%. Currently there are 6 analysts that rate CyrusOne a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for CyrusOne has been 716,400 shares per day over the past 30 days. CyrusOne has a market cap of $2.4 billion and is part of the financial sector and real estate industry. The stock has a beta of 1.08 and a short float of 9% with 3.02 days to cover. Shares are up 28.1% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CyrusOne as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:

  • CONE's revenue growth has slightly outpaced the industry average of 6.2%. Since the same quarter one year prior, revenues slightly increased by 9.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Compared to its closing price of one year ago, CONE's share price has jumped by 35.05%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • CYRUSONE INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CYRUSONE INC continued to lose money by earning -$0.25 versus -$1.32 in the prior year. This year, the market expects an improvement in earnings (-$0.05 versus -$0.25).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income has significantly decreased by 400.0% when compared to the same quarter one year ago, falling from -$1.10 million to -$5.50 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, CYRUSONE INC's return on equity significantly trails that of both the industry average and the S&P 500.

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