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 $43.4 million.
  • CONE has traded 9,316 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 3.1%. CONE has a PE ratio of 34. Currently there are 8 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 1.0 million shares per day over the past 30 days. CyrusOne has a market cap of $3.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.80 and a short float of 6.6% with 4.60 days to cover. Shares are up 31.5% year-to-date as of the close of trading on Wednesday.

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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 robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 11.9%. Since the same quarter one year prior, revenues rose by 37.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 158.33% and other important driving factors, this stock has surged by 50.71% over the past year, outperforming the rise in the S&P 500 Index during the same period. 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 reported significant earnings per share improvement in the most recent quarter compared to 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 reported poor results of -$0.33 versus -$0.25 in the prior year. This year, the market expects an improvement in earnings ($0.49 versus -$0.33).
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength 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.
  • The gross profit margin for CYRUSONE INC is currently lower than what is desirable, coming in at 32.43%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, CONE's net profit margin of 4.75% is significantly lower than the industry average.

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